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New to forex Tips and Advice

  • #61
  • Nov 16, 2017 2:52am Nov 16, 2017 2:52am
Generally newcomers always try to make profit very rapidly by using high leverage and become loser because there is no money managing plan. Leverage always contains huge risk and by using this financial tool if you want to earn profit first of all make sure how to manage money in Forex.
  • #62
  • Nov 16, 2017 7:51am Nov 16, 2017 7:51am
Quoting JamesFaulkn
Generally newcomers always try to make profit very rapidly by using high leverage and become loser because there is no money managing plan. Leverage always contains huge risk and by using this financial tool if you want to earn profit first of all make sure how to manage money in Forex.
I agree. Unfortunately many newbies don't realize how important it is to be completely organized and disciplined when you trade and they're not, which causes all sorts of problems.
  • #63
  • Nov 16, 2017 8:42am Nov 16, 2017 8:42am
Hi to all newbies!

Actually I consider myself to be a newbie too.

Check out my thread: https://www.forexfactory.com/showthread.php?t=715256

In this thread, we offer very basic (ie. no jargons, simple to understand) discussion. Do check it out!
  • #64
  • Nov 17, 2017 2:57am Nov 17, 2017 2:57am
Quoting mlawson71
{quote} I agree. Unfortunately many newbies don't realize how important it is to be completely organized and disciplined when you trade and they're not, which causes all sorts of problems.
I think for avoiding loss the newcomers can practice in demo account to see the leverage performance. This approach would support them to avoid risk when trading practically.
  • #65
  • Nov 17, 2017 8:03am Nov 17, 2017 8:03am
Quoting MitchellMcC
{quote} I think for avoiding loss the newcomers can practice in demo account to see the leverage performance. This approach would support them to avoid risk when trading practically.
True. Demo trading is done in order to ascertain all performance - leverage, strategy, platform, broker, server connection, etc.etc.
  • #66
  • Nov 18, 2017 3:30am Nov 18, 2017 3:30am
Quoting mlawson71
{quote} True. Demo trading is done in order to ascertain all performance - leverage, strategy, platform, broker, server connection, etc.etc.
But practically the traders we have don’t believe the importance of this trading place at all.
so, I think instead of micro account sometimes we can use.
  • #67
  • Dec 8, 2017 9:43am Dec 8, 2017 9:43am
Quoting indahmaimuna
I'm new , currently, I'm learning about EURUSD . So far on Demo account, i Always make a good profit, so this week i decided to try on real account, unfortunately the result is bad. Hoping someone can give me tips
Don't try to win every trade.....
Trade fearless not careless...
  • #68
  • Dec 13, 2017 8:56pm Dec 13, 2017 8:56pm
Quoting indahmaimuna
I'm new , currently, I'm learning about EURUSD . So far on Demo account, i Always make a good profit, so this week i decided to try on real account, unfortunately the result is bad. Hoping someone can give me tips
Sounds like your reaction is different because its real money on the line.

check this video out
Inserted Video

It helped me out a lot.
  • #69
  • Mar 19, 2018 8:41am Mar 19, 2018 8:41am
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
If your trading age is one day, basically your journey haven't started yet. Long way to go before judge your performance. Did you developed your trading style and strategy? Did you define your risk management policy? What is your winning odds and risk reward ratio?
  • #70
  • Mar 19, 2018 9:16am Mar 19, 2018 9:16am
Quoting AgusKurniaw
{quote} If your trading age is one day, basically your journey haven't started yet. Long way to go before judge your performance. Did you developed your trading style and strategy? Did you define your risk management policy? What is your winning odds and risk reward ratio?
That post was made back in 2006, if he has kept trading since then he's definitely not a newbie anymore.
  • #71
  • Apr 5, 2018 11:23am Apr 5, 2018 11:23am
Quoting mlawson71
{quote} That post was made back in 2006, if he has kept trading since then he's definitely not a newbie anymore.
Haaa haaa. Good point you have noticed , I just notice the point and laughing
  • #72
  • Apr 6, 2018 7:41am Apr 6, 2018 7:41am
Quoting MitchellMcC
{quote} Haaa haaa. Good point you have noticed , I just notice the point and laughing
I often don't pay much attention to when a post was made too. It happens. Once I too replied to a person who had written in 2006 and hadn't written since.
  • #73
  • Apr 8, 2018 12:16am Apr 8, 2018 12:16am
Quoting mlawson71
{quote} That post was made back in 2006, if he has kept trading since then he's definitely not a newbie anymore.
@mlawson71 hahaha. You are right. I just realized it after reading your comment. Well in that case it will help to other newbies who have the same kind of questions. Actually forex is introduced to most newbie in wrong way. They are told that it's the eas
  • #74
  • Apr 9, 2018 7:36am Apr 9, 2018 7:36am
Quoting AgusKurniaw
{quote} @mlawson71 hahaha. You are right. I just realized it after reading your comment. Well in that case it will help to other newbies who have the same kind of questions. Actually forex is introduced to most newbie in wrong way. They are told that it's the eas
I respond to old posts quite often too and only later I realize just how old they are. It happens. As you said, at least his question and the answers would be useful to the newbies coming in now.
  • #75
  • Apr 17, 2018 12:42pm Apr 17, 2018 12:42pm
Quoting mlawson71
{quote} I respond to old posts quite often too and only later I realize just how old they are. It happens. As you said, at least his question and the answers would be useful to the newbies coming in now.

sometimes i do , its also my style. and newcomers can get some more information from this .
  • #76
  • May 1, 2018 7:04am May 1, 2018 7:04am
My best tips for newcomers, please trade in a micro account instead of demo , because I have never found at any newbie who took demo seriously and acquired real knowledge and experience that works when trading in a live. It’s a just a time passing , nothing without it. so, it is more appropriate to ensure for beginners micro account for gathering live experience.
  • #77
  • May 2, 2018 7:10am May 2, 2018 7:10am
Quoting AdamCrist
My best tips for newcomers, please trade in a micro account instead of demo , because I have never found at any newbie who took demo seriously and acquired real knowledge and experience that works when trading in a live. It’s a just a time passing , nothing without it. so, it is more appropriate to ensure for beginners micro account for gathering live experience.
I think that at least a few weeks on a demo account are necessary, just to learn the software if not for anything else. There's no need to do that on a live account, even if it's a micro account.
  • #78
  • May 2, 2018 1:48pm May 2, 2018 1:48pm
Quoting mlawson71
{quote} I think that at least a few weeks on a demo account are necessary, just to learn the software if not for anything else. There's no need to do that on a live account, even if it's a micro account.
Sometimes i feel its really a complicated issue between demo and live especially when it the topic is , the important of demo account. generally i don't believe the importance of demo account but i passed a long time in here and took so many experience, but at the end of the day my demos experience worked not even 25% when i started live trading.
  • #79
  • May 3, 2018 5:29am May 3, 2018 5:29am
Quoting AlexImam
{quote} Sometimes i feel its really a complicated issue between demo and live especially when it the topic is , the important of demo account. generally i don't believe the importance of demo account but i passed a long time in here and took so many experience, but at the end of the day my demos experience worked not even 25% when i started live trading.
Did you improve once you began live trading?
  • #80
  • May 3, 2018 9:13pm May 3, 2018 9:13pm
Quoting AlexImam
{quote} Sometimes i feel its really a complicated issue between demo and live especially when it the topic is , the important of demo account. generally i don't believe the importance of demo account but i passed a long time in here and took so many experience, but at the end of the day my demos experience worked not even 25% when i started live trading.
its your issue and own experience, practically there is no way to ignore the importance of demo , in demo we can use our trading strategies and leverage to see the performance how it works , this approach always help us to avoid risk when trading in a real account.
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