Well as much as beginners are concern i would say time is more important - what they need is to spend time on learning curve and practice to gain expertise in forex trading, yeh they will need capital too but they can start with lower amount.
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Well as much as beginners are concern i would say time is more important - what they need is to spend time on learning curve and practice to gain expertise in forex trading, yeh they will need capital too but they can start with lower amount.
the trader can get the money with easy if they know the right time for trading and it means if they can identify the entry and exit point then they will get good profit and of course it has good connection with the money
i think both of them are very necessary fot the newbies and also for all traders and because with this they can grow their business into the big one and of course they will become a good trader too, so we can not ignore one of them and all always become our part everyday
opportunity to get back the money we have is indeed based upon the way we understand the market itself as well as possible and not too much thinking, what is needed is our implementation of the theory we have studied previouslyQuote:
Originally Posted by FxBD
I think it is both very important, valuable time if we can use the time well and produce a minimal protective benefit is the knowledge and science. with the knowledge we gain is expected that we can use to make money ...
I think both are equally important in day trading. However, as a beginner, we must be trained to become a successful trader and it takes time and discipline. This takes work and effort.Being a successful trader also requires consistency. Before we can be a consistent trader, we need a plan. Without a plan, there is no way to measure what consistency is. We must develop our trading plan, prove it on a demo account, and stick to it after we begin trading live. To be a successful trader we must have these critical characteristics such as discipline and teach-ability.
yes,I think as soon as we know that we have gathered some good knowledge about the Forex trading ,its better to start trading in real accounts.
On the other hand,i think we shouldn't wait for big investment capitals and start trading with the money in our hand .
You are right without knowledge and trading common sense bare experience will not help you have successful trades and also having theoritical knowledge of technicals and fundamentals is not enough if you are not experienced on market.
I think it is time that is more important newbies need to spend, first of all they need to train themself to become good trader and for that they need spend time gathering related information and practising.
For beginners it is more important in my opnion to spare more time on learning things related to forex trading, and if one has money too keep it safe to trade when got experience enough and you feel it will not be too risky to trade.