Newcomers take this market place as s casino, they always try to make profit very rapidly without learning, as a result they become loser after passing sometimes and ultimately blame this trading place.
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Newcomers... sometimes treat this forum as their own private kitty litter box, doing their little "jobs" here and there and everywhere, with no consideration if it actually serves any purpose or not.
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Joined Mar 2017
|304 Posts
passing a long time in here is a big challenge , because every time we have to face losses when trading , and after having losses it is more difficult to come back, because a simple mistake can make huge losses.
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Joined Apr 2018
|393 Posts
exactly , when making losses we generally lost motivation to trade , first and foremost thing in trading , don't do same mistake again , if you do this , there is no way to come back from loss projects.
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Joined Apr 2018
|393 Posts
Mistake no way to avoid at all in spite of having good knowledge and experience. without regular practice there is no one who can avoid mistake , so it is more appropriate to make sure regular practice after passing a long time.
hi guys. interesting thread as im a newbie too. looking forward to being a part of this community
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I personally believe that people learn from mistakes, and that a mistake is never a mistake unless repeated. That is why I agree with newbies who use this thread as a learning platform since after all, that's why it exists in the first place. Only those who fail to learn are a pain in the neck.
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Joined Mar 2017
|304 Posts
newcomers first of all have to ensure all basic level , i like most pips school which is mainly considered as a best learning place for newcomers. besides this school demo is more appropriate for live trading experience.
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Joined Mar 2016
|641 Posts
agree , but i have seen according to my trading experience most of the traders who are particularly newcomers dont believe the importance of demo account , thats why they trade here at random and got nothing ultimately.
agree , but i have seen according to my trading experience most of the traders who are particularly newcomers dont believe the importance of demo account , thats why they trade here at random and got nothing ultimately.
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Random trading really does ammount to nothing, unfortunately. You learn almost nothing from it and you risk too much for too little.
I would advise that new traders stick to demo trading for a start in order to familiarize with how things are conducted in the forex market. Random trading is not beneficial in any way since the risk is very high but you end up gaining very little or nothing at all
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Joined Dec 2015
|3,529 Posts
The best thing one can do is to start preparing a trading plan as early as possible. Initially it won't be very good, but over time you will improve it and your trading will improve.
I would advise that new traders stick to demo trading for a start in order to familiarize with how things are conducted in the forex market. Random trading is not beneficial in any way since the risk is very high but you end up gaining very little or nothing at all
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trading randomly is common personal attitude in Forex trading above all for new traders , they do it particularly when trading in demo because there is no real money and no emotions also, for that reason sometimes i prefer micro account instead of demo. it works really i have seen.
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Joined Mar 2017
|304 Posts
its a complicated issue between demo and live , if newcomers trade with large amount , there is a chance to become emotional. so be careful when trading with a real account with poor knowledge and experience.
which amount is more appropriate for new Forex trader ,
it depends on how much basic knowledge he acquired including practicing,
if any newcomer go thorough all basic level of trading with live experience for 6 month ,
i think he has the capability to reduce unfortunate losses and risk.
Demo first until profitable then deposit a teeny weeny little amount and if you're still profitable gradually increase your deposits until you are risking 2% of your entire pot on each trade. After this your pot will look after itself.
Demo first until profitable then deposit a teeny weeny little amount and if you're still profitable gradually increase your deposits until you are risking 2% of your entire pot on each trade. After this your pot will look after itself.
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Solid advice. And one more advice from me - Don`t risk what you can`t afford to lose.
