5 Tips for forex beginners.

[Humayun]

I am agree with your five tips for a beginner. but many potential things are remain , such as i can say follow the news, control your emotion to start your trade think is it right step , and make your strategy that can make profit and also money maintenance etc .

[njoroge5]

Well, losing money is not that bad. At least you can learn a lot of things from there. I can honestly say, i mostly learnt from my past mistakes. This is the only way of improving. A serial winner has nothing to improve, but that's not a reality. So, beginners should be more sophisticated and careful while trading.

thats very true, start with a demo account ,know first if forex trading is a good thing for you or a bad thing for you, you will understand the whole process and make sure that you have everything in your accont for tradng and making money.

[njoroge5]

never trade when the news are coming out,trade when the news are coming out and make sure that you understand the whole trading process, the best way to do these is to just understand tradng on a diffrent level. when to enter the trade,when to leave and when to understand the whole trading process.

[tanjim7]

beginners should gain knowledge about forex, should communicate with senior members, need to collect latest news. and also should use forex demo account first.

[oscar]

One of good tips for beginners is once we make profits, it is time to protect them. Money management is about the minimization of losses, and maximization of profits. To ensure that you don’t gamble away your hard-earned profits, you need to cut your losses short, and let profits ride.

you are right ..
many traders have confidence in their position in floating loss and letting it without doing anything ..
but if they've got a profit at some point, they got frightened and immediately closed position

[Lia]

the best advice that one of my friends told me 3 years ago , ( don't trade with your own money when you start forex trading , because at the beginning phase you will lose your money , you can trade with bonus money untill you get a good experience in this market )

I think, five tips for novice traders to be more successful in the
toil
it adds to the experience with the demo
control emotions
A good strategy
and analysis of good

[sufanw1]

I agree with the five tips above. Indeed, all the tips above are true. I would like to add one more tips that may be needed by the novice trader is about psychological trading. That is very important because if not then you probably will not ever succeed in forex.

[mukta]

1. first trade in demo account minimum six months.
2.chose a suitable time frame for trade.
3.learn how to use indicator.
4.trade in long time frame.
5.always use stop loss and take profit.

[jab we met]

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.

thank you for sharing some good things with trader but i think if we have very low capital then we can open trading account with low trading volume and we can mange our capital well

[shero]

Good advice for beginners to understand part of the Forex, which I advise them it is: respect for capital management and discipline when entering the Forex market this is the most important things that should be learned, with best wishes for your success and profit, and thank you for these topic

the best advice that one of my friends told me 3 years ago , ( don't trade with your own money when you start forex trading , because at the beginning phase you will lose your money , you can trade with bonus money untill you get a good experience in this market )