Before you start trading.

[kampung]

Five point before starting the beginning of trading in forex is very precise. I also want to add that the first trade should use a small lot earlier. Then set the take profit and stop loss. Happy trading.

I agree with your opinion, however, that trade with small capital at the beginning of their trade is the best thing because I think this will help the trader is able to survive in this business and not easy to get hold of this business successful

[panicky]

Five point before starting the beginning of trading in forex is very precise. I also want to add that the first trade should use a small lot earlier. Then set the take profit and stop loss. Happy trading.

[dog]

before start trading be careful about the leverage and lot size.if you are a beginner i suggest don't trade with high leverage and lot size.proper money management is must keep concentrate on this things

[nilesh]

You points are very informative and important. I will see these points carefully before start trading because I don�t want to lose my money I want to earn profit in my every trade even very small.

[realman]

dear members before start trading in forex u must take the points bellow on ur calcuation

1> how to use leverage
2> what strategy he will be using to open trade.
3> what strategy he will be using to to take profit and stoploss.
4> How much he want to invest in single trade
5> Last but not least What kind of strategy he will be using for money management

a) You can use leverage 1:50 to 1:200 maximum
b) Your plan is one strategy, also can take help of market expert and compare your sentiment
c) You confident is best strategy to use SL and TP
d) 1-5% maximum
e) You need to the rules of money management.

[ishvara]

Good points you mentioned. These all can be found and studied on baby pips.com. Baby pips is a great source of learning forex.
These all are concerned with the trading but a newbie trader should also have his mindset for traing.
More over a newbie trader should have control on emotions and should have patience.

Before we commence on trading the forex field, it is proper that we gather all knowledge that we will need through websites like www.********.com. We can learn about forex well in order to reduce the chances of losses.

[sohelforex]

Before start trading in main a trader should practice in demo account and read daily trade news. One important thing to remember for all newbies that greedy tendency kills a trader.
THanks

[nilesh]

Good points you mentioned. These all can be found and studied on baby pips.com. Baby pips is a great source of learning forex.
These all are concerned with the trading but a newbie trader should also have his mindset for traing.
More over a newbie trader should have control on emotions and should have patience.

[Morshedul]

These are very good advices for a new comer. I appreciate these steps you have taken for new forex traders. It is very important to know how much he/she will spend in one trade. And how to use stop loss and target profit methods. For all of these, he/she need to practice demo account rather than reading forex learning books. Because practical experiences are very necessary to trade in forex.

[alam]

The best way of before forex trading you should learn firstly baby pips and should use to demo account . its very knowledgeable things for traders and new traders it will be very beneficial.