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New to forex Tips and Advice

  • #41
  • May 18, 2017 7:56pm May 18, 2017 7:56pm
Quoting jl6trader
Hi, I am wondering what is the best strategy to use and implement working around a 9-5 job, as well as giving me freedom of time and also a good return? Cheers JL
Don't take offense, but according to your request, you do not have time to trade, don't really want to take any time to trade, and just want the money, without any effort. You might consider investing with a fund manager. There is simply too much to learn to be effective trading naked.
You cannot be extraordinary by being normal
  • #42
  • May 19, 2017 9:00am May 19, 2017 9:00am
One could, in theory, keep long-term positions opened, and that requires little time devoted to actual trading. But one does have to make the effort and take the time to learn how to do that.
  • #43
  • May 19, 2017 9:15am May 19, 2017 9:15am
Quoting marc williams
Hey i'm new to Forex i like to trade on Crude Oil mostly and Gold i'm praticing on a demo account on GCI at the moment i started yesterday here is my results tell now
Please, try to use first major Forex pairs! Gold is very unpredictable trading instrument, even I see a number of pro traders also avoid this volatile trading instrument! But, it’s not impossible; use your demo for a long time and make sure your good success ratio here! I use a general strategy for Forex instruments but I have a particulate trading system for gold trading!
  • #44
  • May 19, 2017 8:05pm May 19, 2017 8:05pm
Quoting MitchellMcC
{quote} Can you explain more about why you dont like Pips. I think from any other trading platforms it is more suitable for the newcomers to be a knowledgeable trader very rapidly.
Copy and pasted this from the introductory page. I'm a get down to business reader. If something can be explained in one page, I don't want three. This is also why I have a hard time reading Tony Robins. Then again I am not the norm. A lot of people want the fluff.

 

  1. Repeat

  1. If you can repeatedly do these three things, then you're on your way to being a superstar forex trader! But we warn you, it's no cakewalk.

Remember when you were but a little teeny weeny bopper attending grade school?
No?
Well, let us take you through the whole schooling jungle again, but we're doing it FX-Men style.
You'll start schooling by rolling into pre-school with your chocolate milk and snack pack. This is where you'll learn the basics of the forex market.
Pip Diddy, a former super underwear and sock model and now a fundamental analysis specialist, will take you through Kindergarten where you'll learn the different ways to analyze the currency market.
If you pass, you'll join the big boys and girls in elementary school where Big Pippin, the coolest cat in the forex block, will teach you all you need to know about technical analysis. But don't worry, we still have nap time in Grade 1. If you pass Grade 1, the next year you'll enter Grade 2, and so on, all the way to the end of the summer school.
http://s3.amazonaws.com/babypips-med...-education.pngWait. What's that?
Summer school?
Yep. Summer school. Forex Summer School. Where you learn forex trading. Instead of algebra.
To make sure you are fully prepared for high school and the awkward challenges you will face, we've added summer school classes to at least help ease your academic transition.
As for trying to get a date for the prom, we can't help you there. Even Dr. Pipslow is still looking for one. And he's 600 years old. Too bad he's forgotten that his prom already happened 583 years ago but we feel bad breaking the news to him.
So....shhhhhhhh. It'll be our little secret.
Aside from dating drama, try not to get senioritis in Grade 12.
Why?

Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #45
  • May 27, 2017 1:26pm May 27, 2017 1:26pm
The traders who are particularly newcomers have to choose the trading platform that allows trading concept which will be used, as a scalper if you depend on scalping approach should make sure the broker which does not restrict any trading techniques and permits scalping including lowest trading spreads.
  • #46
  • May 29, 2017 1:13am May 29, 2017 1:13am
A newbie should start with learning that is the best tip for every newcomer in a market. Learning makes work easy and comfortable so that we can trade risky market.
  • #47
  • May 29, 2017 4:02pm May 29, 2017 4:02pm
Learning is inevitable for the traders who are particularly beginners. But besides learning the beginner should take real experience about trading. And demo account is more appropriate for that. But practically the beginners always ignore this knowledgeable trading place. As a result they always fall a great trouble when trading due to lack of real trading knowledge.
  • #48
  • May 31, 2017 6:33am May 31, 2017 6:33am
When I was a newbie I had dome was starting a live account directly without having any practice in demo account.
That was a great mistake should be avoided
  • #49
  • May 31, 2017 2:08pm May 31, 2017 2:08pm
Not only you, but also others beginner at all times ignore demo account which is the master place to be a knowledgeable trader for the newcomers. I have passed a long time in here , but I still use demo account to see my trading strategies performance how it works. This approach always helps me in live account for avoiding risk.
  • #50
  • Jun 12, 2017 2:07pm Jun 12, 2017 2:07pm
Quoting Butterscotch
A newbie should start with learning that is the best tip for every newcomer in a market. Learning makes work easy and comfortable so that we can trade risky market.
The beginners should learning it a common thing , your learning process will be valueless until make sure a great place for practicing practically. Demo account can be chosen for that.
  • #51
  • Jun 13, 2017 6:41am Jun 13, 2017 6:41am
Quoting JamesFaulkn
When I was a newbie I had dome was starting a live account directly without having any practice in demo account. That was a great mistake should be avoided
That is probably the worst mistake a newbie can do. I am so sorry that it happened to you.
  • #52
  • Jun 22, 2017 2:06am Jun 22, 2017 2:06am
Whatever, trading instrument you are using, please try to use first in demo and make winning habit in your practice account! Forex trading is all about knowledge and experience! So, please don’t be rush! Make a profitable trading strategy on a particular trading pair, then go for live! All the best!
  • #53
  • Jun 24, 2017 3:21pm Jun 24, 2017 3:21pm
learn about the psychology of forex before you cloud your mind into what market you should trade.

This guy talks alot about this sort of stuff, check it out, great content for anyone starting in forex.

https://www.tradersreality.com/

Happy Trading
If there is no enemy within, the enemy outside can do us no harm...
  • #54
  • Aug 4, 2017 1:16pm Aug 4, 2017 1:16pm
Quoting iscalp
learn about the psychology of forex before you cloud your mind into what market you should trade. This guy talks alot about this sort of stuff, check it out, great content for anyone starting in forex. https://www.tradersreality.com/ Happy Trading
Nice. that’s traders reality actually . this website really can be a great source to learn exceptional knowledge about Forex , so beginner can try it besides demo trading .
  • #55
  • Aug 15, 2017 9:25am Aug 15, 2017 9:25am
Quoting marc williams
Hey i'm new to Forex i like to trade on Crude Oil mostly and Gold i'm praticing on a demo account on GCI at the moment i started yesterday here is my results tell now
My advice to newbies is bid only with a carefully thought up out plan. Before you start trading, you should determine how much of your own money you are willing to risk and what profit you expect. This will be your balance of risk and profit. Successful traders never enter trades without a clear goal. Take responsibility for your decisions. Successful traders will never disclaim personal responsibility. It is you who enter the market and it is you who assume all responsibility for the transactions, profitable or unprofitable.
  • #56
  • Aug 15, 2017 10:15am Aug 15, 2017 10:15am
Quoting faisal13
{quote} My advice to newbies is bid only with a carefully thought up out plan. Before you start trading, you should determine how much of your own money you are willing to risk and what profit you expect. This will be your balance of risk and profit. Successful traders never enter trades without a clear goal. Take responsibility for your decisions. Successful traders will never disclaim personal responsibility. It is you who enter the market and it is you who assume all responsibility for the transactions, profitable or unprofitable.
Good point, really successful traders follow their trading plan and goal so honestly! I think, it takes the time to make a professional trading plan! Whatever, if new traders try with enough determination than nothing is impossible here!
  • #57
  • Aug 18, 2017 11:47am Aug 18, 2017 11:47am
Quoting JamesFaulkn
Whatever, trading instrument you are using, please try to use first in demo and make winning habit in your practice account! Forex trading is all about knowledge and experience! So, please don’t be rush! Make a profitable trading strategy on a particular trading pair, then go for live! All the best!
Love the advice. DON'T RUSH IT!!!!!!!!!!!! Start on a demo account and keep practicing and practicing and practicing. Then move slowly into the live market trading micros. I know for me and a lot of traders I know, once you start putting your real money into the game, things start to change.
  • #58
  • Aug 23, 2017 12:07am Aug 23, 2017 12:07am
Take the time to work out what you need to do to hit your target, and then get out the megaphone. Make yourself accountable to everyone willing to listen. Promising your results makes it that much more likely you will push forward in completing the day to day tasks you need to execute to achieve your goals. While sometimes it is easy to skip a beat, when it is only you who is going to know about the misstep, it is much harder to let others who are holding you accountable down.
  • #59
  • Sep 21, 2017 6:59am Sep 21, 2017 6:59am
Quoting Forexfunk
{quote} Love the advice. DON'T RUSH IT!!!!!!!!!!!! Start on a demo account and keep practicing and practicing and practicing. Then move slowly into the live market trading micros. I know for me and a lot of traders I know, once you start putting your real money into the game, things start to change.
Besides demo it is more appropriate to continue a micro account. It works really.
  • #60
  • Oct 23, 2017 10:42am Oct 23, 2017 10:42am
Quoting marc williams
Hey i'm new to Forex i like to trade on Crude Oil mostly and Gold i'm praticing on a demo account on GCI at the moment i started yesterday here is my results tell now
New traders normally get energized and blow their accounts out rapidly in the event that they bounce in too quick. The capacity to utilize forex leverage accompanies each account, and it shifts in a sum somewhere in the range of 10:1 to 100:1. A 10:1 leverage implies that for each $1 in your account, you have $10 to exchange. Leverage is both great and terrible as you can make exponential benefits, yet you can likewise experience the ill effects of mounting losses. The law requires forex brokers to unveil this, and they normally do in fine print.
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