5 Tips for forex beginners.

[shoaib786]

Thanks for nice thread.
Your given 5 tips for forex trading are very important and useful. I think every trader must follow these and if he do his trading according to the good strategy and proper planning then he can earn huge money in very short time. so always rely on his trading and be confident.

[putricampa]

I think that forex business and should be based on knowledge management. so you can not trade blindly and fooled with profits earned by successful traders. all of it the result of a forex knowledge they controlled and done with good management, disciplined, patient and not greedy

[naziakhan]

if you don't have a lot of capital so don't think about the much earning from the forex because forex gives you the profit according to your earning if you don't have much capital to invest means forex don't have much profit to give u if you have short capital always make a short profit and be happy

yes ,our earnings depend on our capital .if we have good capital then we can earn very good earning from forex but if we have very small capital then we can not get big profit from forex and if we try to do it then we are gambler .

[forexdon]

if you don't have a lot of capital so don't think about the much earning from the forex because forex gives you the profit according to your earning if you don't have much capital to invest means forex don't have much profit to give u if you have short capital always make a short profit and be happy

[WajeehBJ]

I have always appreciated people opening this kind of threads. It really helps the newbies out there gain knowledge and get tips that are going to help them in their forex trading experience. One tip that I'd like to mention here is that trader should always define a target for himself. When he has hit the target and have earned whatever amount of profit he wanted for a day, he should take no more risk and should simply step out of the market.

[akshay1728]

following tips should be keep in mind by the newbies
1)maintaining discipline
2)using good money management skills
3)using stop loss and take profit

[roopesh11]

It is true that we should take the risk according to our capital size. Sometimes we take more risks by greed and through the bad movement of the market we got losses. And will never recover from that shocking stage. So we should low risks.

[kan]

The most important advice for beginners ..
1) to learn and gain experience
2) read the books Forex
3) use of experts when trading in the market
4) not to rush to profit from the market

[monsterzz]

we have to learn forex properly so that we can know the right time to open a position when trading. Know when the right time to enter and exit from the market is one thing that is important if we want to succeed.

[toptrader]

i think five tips for forex beginner :-
1. proper knowledge of the market
2. good strategy
3. proper trading plan
4. trading with discipline
5. proper money management
if we follow this step we can become a successful trade.