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New To Forex and Need Advice!

  • #161
  • May 18, 2019 10:33am May 18, 2019 10:33am
Hi guys,

I'm a crypto trader trying my hand at forex for the first time, any tips to help me get started would be much appreciated. Obviously crypto is a different game.

What would you recommend as the biggest consideration to take into account while making this transition? What FX pair is the best to start at?
  • #162
  • May 19, 2019 3:42am May 19, 2019 3:42am
Hi, E300. All said it is right but may be the important thing is to remember to not risk what you can`t afford to lose. If you remember this you`ll be free minded for good and profitable trading.
  • #163
  • May 29, 2019 5:43am May 29, 2019 5:43am
sometimes i feel there is no profitable trading approach , the result from all trading strategies just all about short term , nothing permanent there is
  • #164
  • Jun 2, 2019 7:06am Jun 2, 2019 7:06am
Quoting MarkFxAnde
sometimes i feel there is no profitable trading approach , the result from all trading strategies just all about short term , nothing permanent there is
It`s all about continue searching and testing mate.
  • #165
  • Jun 6, 2019 11:52am Jun 6, 2019 11:52am
Quoting MarkFxAnde
sometimes i feel there is no profitable trading approach , the result from all trading strategies just all about short term , nothing permanent there is
There are profitable trading approaches, you just need to find one that fits you and be disciplined in implementing it.
  • #166
  • Jun 7, 2019 1:50pm Jun 7, 2019 1:50pm
First, you learn how to trade forex. Then you need to practice in demo. that's the way of doing this business.
  • #167
  • Jun 8, 2019 6:55am Jun 8, 2019 6:55am
Quoting mlawson71
{quote} There are profitable trading approaches, you just need to find one that fits you and be disciplined in implementing it.
It is as simple as that. Keep trying strategies until you find a winning one....
  • #168
  • Jun 8, 2019 10:58am Jun 8, 2019 10:58am
Quoting Treeny
{quote} It is as simple as that. Keep trying strategies until you find a winning one....
Have you found one? How long did it take?
  • #169
  • Jun 10, 2019 11:10am Jun 10, 2019 11:10am
Quoting mlawson71
{quote} There are profitable trading approaches, you just need to find one that fits you and be disciplined in implementing it.
Where can I learn these approaches?
  • #170
  • Jun 10, 2019 11:11am Jun 10, 2019 11:11am
Quoting salimc
First, you learn how to trade forex. Then you need to practice in demo. that's the way of doing this business.
And then learn real which can be painful
  • #171
  • Jun 10, 2019 11:13am Jun 10, 2019 11:13am
Quoting Treeny
{quote} It is as simple as that. Keep trying strategies until you find a winning one....
Don't think it's simple
  • #172
  • Jun 10, 2019 11:16am Jun 10, 2019 11:16am
Quoting mlawson71
{quote} Have you found one? How long did it take?
Yeah, interesting question. Want to see someone who has found.
  • #173
  • Jun 11, 2019 11:00am Jun 11, 2019 11:00am
Quoting LanaBanana
{quote} Yeah, interesting question. Want to see someone who has found.
Most people find a suitable strategy sooner or later.
  • #174
  • Jun 13, 2019 4:40am Jun 13, 2019 4:40am
Quoting salimc
First, you learn how to trade forex. Then you need to practice in demo. that's the way of doing this business.
and then you go trading real account. Which is much more compliceted and emotionaly tougher then demo.
  • #175
  • Jun 15, 2019 8:21am Jun 15, 2019 8:21am
Quoting fxshark11
{quote} and then you go trading real account. Which is much more compliceted and emotionaly tougher then demo.
That`s why you need a proper mindset all the way.
  • #176
  • Jul 9, 2019 5:13pm Jul 9, 2019 5:13pm
My advice is very blunt and plain... Anything you do and take serious,spend quality time and dedicate a lot of your work power on you become good at..the same way for forex, you can choose to go the lazy way of doing things by using a lot of shortcuts just to try and beat the markets and its going to always end like how 90% of all failing traders do...My take is learn by yourself what works and what does not work by trading a high quality period at least 6months on demo and create some trading targets and restrictions for yourself and try to beat and meet them. Ready lots of books and actually know the inside information to why the market moves i mean a bit of some fundamentals to back your trading in case you are a technical trader. from my experience the best traders are those who are able to pair the 2 to their advantage, Trust me trading is all about discipline and playing dull and not being the smart one..if not the best traders would be rocket scientist but thats not the case the market only respects the ones who have patience and discipline to follow rules even though their guts fight with every thought of doing the right thing..
Quantitative Algorithmic King
Angel MichealBot (Old v1) All Time Return: 2,489.8%
  • #177
  • Jul 10, 2019 11:33am Jul 10, 2019 11:33am
It's been three years since the first post was made, how have things progressed?
  • #178
  • Jul 12, 2019 8:50am Jul 12, 2019 8:50am
Quoting mlawson71
It's been three years since the first post was made, how have things progressed?
Looks like things did not really go as expected or things went to well to the extent he does not have time for online stuffs and probably having fund somewhere in the Bahamas.. Well you never know.
Quantitative Algorithmic King
Angel MichealBot (Old v1) All Time Return: 2,489.8%
  • #179
  • Aug 2, 2019 12:42am Aug 2, 2019 12:42am
Quoting mlawson71
{quote} Most people find a suitable strategy sooner or later.
the experience about a suitable trading strategy is not good in my trading career , when i was a newcomer i thought, just a profitable trading strategy can change everything positively, but after passing sometime i realized the result from any kind of trading strategy its all about temporary , not for long term at all. thanks
  • #180
  • Aug 2, 2019 12:28pm Aug 2, 2019 12:28pm
Quoting MarkFxAnde
{quote} the experience about a suitable trading strategy is not good in my trading career , when i was a newcomer i thought, just a profitable trading strategy can change everything positively, but after passing sometime i realized the result from any kind of trading strategy its all about temporary , not for long term at all. thanks
I am not sure what you mean, the strategies you tried worked only temporary? What changed?
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