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for new traders first thing is get basic knowledge about forex market and second practice on demo account three to four month and third is reason able capital and fourth knowledge about currency news and last but not least knowledge about technical inicators
ye sab batain agar koi bhi newbie achi tarah follow karay to wo jald hi aik acha trader ban sakta hay, laykin aesay newbies bohot kam hi hotay hain jo iss tarah start say hi perfect method say trade ker sakain. iss kay liay time or experience hona cheay.
I believe that the trader can be disciplined in trading rule, it can generate a consistent profit, but it is very difficult to be disciplined, requiring a lot of time to undergo the process of learning
Many newbies don't know on which point to open a trade and on which point it should be closed. So always try to understand these points
forex can be your source of income if you have good knowledge and more experience in forex market. but forex can be your money sucking machine if you are still beginner. this business id too hard. so..keep learn and practice to improve your skill and knowledge.
Forex trading ham logon ke liye bahut hi jyada rewarding ho sakti hai lekin hame uske liye mehnat karni padti hai aur in baaton ko bhi samajhna hoga ki kai baar hame apni trads me sirf loss hi hoga. Jab bhi hame is tara hse apni trades me losses hone lagte hain tab hame apni trading ko better banane ki jaroroat padti hai jis se ham log apni hone waali income ko badha sakte hain.Quote:
Originally Posted by surep
me investment karne ke liye trader ko smajhdar hona bahut zaruri hai aur agar forex trader ke pas trading skills hai to wo forex se acha paisa kama sakta hai ..forex me loss ka sabse bada reason yahi hota hai ki trader ko amrket ki samjh nahi hoti aur wo market me paisa lagat deta hai aur jald bazi me galat
if we can control our emotions in trading, we have approached the stage to become a professional trader because this tip controls every other thing in forex trading a newbie should invest the needed time to get complete Forex trading knowledge.
for beginner. need more than one year to learn about this business and be a skilled trader. forex trading is not easy as like as your imagination. forex trading is very risky and most dangerous business. you can be very poor quickly if you trade without knowledge and experience
make sure that i am patient in forex this helps me to avoid mistakes in this buisness so learn and practice continiously to increasing your skill knowledge and skill can help you to keep stay and earn money in forex
Yes if we traders have Capital that is too little, Its best that they dont trade at all. This is because of the fact that a trader will be too greedy trying to make huge profits with a small balance and that is very disastrous.
there are many tips for beginners to become skillful and successful traders but the five important tips are.
1:always concentrate on your learning and never think about earning before learning.
2:trust on yourself and be a confident trader also avoid from depending on others.
3:never trade with greedy and emotional attitude.
4:don't try to copy other traders make your own path.
5: always try to note your mistakes and try to learn from them.