5 Tips for forex beginners.

[Arcee]

5 tips for beginners are: 1) complete the knowledge of all the basics of forex trading, 2) do demo trading for not less then five to six months with proper concentration 3) try to invest more when trader become more good and efficient in making trades, 4)try to trade on peak market times so that trader can make profits easily,, 5) never trade with pip margin of less then 600 to 700 pips, as safety is first,

[forex786]

My dear, it is necessary for the new trader that he should take care for these new tips for doing his business successfully.
1. Work hard.
2. Increase his knowledge.
3. Use perfect skills.
4. Keep away from emotions.
5. Do not use greedy mind.
5.

[fxbdtop]

No problem, that's good quality tips. Already making a trade, therefore you must warm up physically, both in stipulations of information and skills in trading, as well as emotional, mental or psychological. Forex trading is a issue with the intention of has a eminent threat. High ROI and eminent loss. It depends on how you Business.

[mahmud982]

This is really good thread for a newbie and expert traders. I am really appreciate your thread. however I should you can add some tips for newbie .
* Do not greed and control emotion always.
* Do not take big volume when he has a small investment
*Obviously use Sl and TP system .
* Insist and analysis fundamental news seriously .

[shuvo87]

Post carefully,
Learn about trading before trade,
Gather knowledge from an experience trader,
Control your greediness,
and trade carefully.

[Amir khursheed]

For the FOREX beginner my 5 top tips are as follows:

1. Always trade in the direction of the long-term trend. Use different indicators to help you wait for the pullbacks and the opportunities to get it at a resistance or support level. Trying to trade against the trend will cause you pain !

2. Do not open up 10 different currency charts like a kid in a candy shop. Stick to just 2 or 3 of the big pairs such as EURGBP, EURUSD, USDJPY (choose those with the lowest spreads as well as you can save alot of money) and become an expert in these and learn how they move.

3. ALWAYS use a Stop Loss. this will prevent you losing all your deposit from a sudden and volatile movement (eg terrorism, tsunami).

4. Learn good money management. Everyone has losses � treat it as a business � a flower shop if you like and at the end of the day there will be some flowers you need to throw away. Even with 50% losses you can still make money by letting your winners run and having tight stop losses.

5. At the beginning try trading only at certain times of the day and for small periods � this will avoid burn out and getting yourself disappointed and depressed. For myself I prefer the London opening from around 7am to 10am.

[afzal07]

Yes, I am agree with you. We can make more money by obeying these. We also trade in Forex by controlling our emotion. We should have patience during trading. We have to work hard during trading in Forex.

[muneer akhtar]

According to my opinion a beginner should that they do work with full concentration and time also with full honesty and patience and do more practice in demo and get experience from demo and then finally do work in real and earn a lot of money with forex and take many benefits with forex.

[forex blood]

the newbie must possess patience , knowledge , experience , good strategy , and the ability to understand different analysis if the trader possess all these, he will be able to manage Forex more scrupulously.

[Khanbai]

IT is the golden rules of forex trader if anyone follow this rules ****ually he will be a big trader.if we want to earn money from here we should love forex ,and we need enough knowledge about fporex trading . ThaNk YOU