5 Tips for forex beginners.

[cempetrader]

You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.

You start to take every trade that your 'edge' shows has a good probability of winning with. When the trade turns bad you don't get angry or even because you know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it . The next trade or the one after it or the one after that will have higher odds of success because you know your system works.


You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.

[biku23]

1. If you don�t have much capital, forex is the ideal form of investment.
2. If you have too little capital, you�d better not trade at all.
3. Love the market (one forex tip that says it all)
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.

friends many thanks to you for a good posting. all these points are essential to all newbies. point number 5 presents a important news which is important to all. some newbie don't know when the market open and when the market closed. so newbies will get much interest getting it.

[ishvara]

Yes, i consent. when investors are beginners, they should not spend much for their investment. As i see, many new investors reduce when they begin dealing in actual consideration for some factors they have not fulfill in trial consideration. So it is best if they reduced first deposit and keep understand in actual business.

Yes this is a definite compulsory rule that exists in the forex trading business, we should tell all newbies to make only a small investment in forex so that they would not have to record high losses in their forex trades.

[inayah]

Trade safety, relax and be calm when facing the floating minus or any problems while trading. Don't in hurry to make decision and make sure the analysis is have a full confidence before applying in order because when we make wrong analysis then we will suffer lost.

In forex there are certainly times when we are wrong analysis and finally exposed to loss, because it is necessary for learning the truth about forex that no one is perfect so every trader must prepare risk management to guard against the possibility that can not be predicted.

[hakim333]

There are lots of tools available for the traders to use in the forex trading business. Most of them are developed to simplify the forex trading system. Effective forex trade includes tasks that require calculation, data gathering, analysis, decision making, and many others.

[nanoni]

With a lot of learning and sharing with the trader, will form a character and we become mentally strong and not easily discouraged. Learning is a process to achieve my goals and expectations. If there is a failure in the process of capital and make a very valuable experience for success ...

[gillani24]

1. New traders must have to follow the foot prints of the successful and expert traders.
2. Newbies should must have to spent more and more time in forex.
3. They also have to stay in touch with the market and its ups and downs to update their knowledge about forex trading.
4. Newbies have to start trading with the demo account to learn more about trading.
5. Then they should have to start trading with the real account.
These are the 5 tips for forex beginners. In this way he can be a good and successful trader in forex.

[saqib160]

ma na ap ki 5 tips apni dairy pa note kar li ha ap ki subi tips bohat achi ha ma in tips ka
matabk kam karne ki kusesh kar raha ho. ma bai new mamber ho islaye ap ki in tipa
ka matbak demo account ma kam karne ki kusesh kar raha ho.

[mumun]

Learning is no limit in terms of both age and time, learning done from us even born until his death, the more we learn, the more science and our knowledge anyway, to remedy the motivation to keep learning and improving knowledge about forex then our flight hours will increase, so that ****ually we can also reap profit want succsess according to what we can achieve as long as there is a will and hard work.

[rony]

good post brother. These all things are good to keep in mind before entering in the Forex market. Specially the point number 5 is worth thinking. 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..........