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New To Forex and Need Advice!

  • #181
  • Aug 2, 2019 5:04pm Aug 2, 2019 5:04pm
Quoting E300
Hello Forex Factory members, I just started trading Forex about 2 months ago and the past 2 weeks I started trading seriously on a demo account. (Feel free to check out my results) And well I don't know where to start. I love math so I understand risk formulas. My Goals this week are : Learn how to use/make trend lines Learn Order blocks/Order Flows Learn about other people's simple strategies As of now I trade through a few EMA's and other indicators, It's looking good but I'll share my strategy when I have a little more confidence in it. If you...
Don't waste another minute on forex,it's a game for losers, conmen, charlatans,snake oil salesmen,BS artists etc.
  • #182
  • Aug 2, 2019 6:52pm Aug 2, 2019 6:52pm
Quoting edge540
{quote} Don't waste another minute on forex,it's a game for losers, conmen, charlatans,snake oil salesmen,BS artists etc.
Agreed

Granted, Understanding risk formulas will help you to survive, if you have the discipline to apply them, but alone they will do squat to win at this game.

Pursue high returns from service and hard work and you will do well, stay healthy, support a family, have a satisfying life.

Enter this den and vampires as your goal in life and be prepared to have the life sucked out of you.

Good luck
BTC Return This Year: na
  • #183
  • Aug 3, 2019 3:27am Aug 3, 2019 3:27am
dont rush to go on to a live account. stay on the demo until you have your strategy all figured out and can deploy it in real time and make profits. then move to a small live account and slowly add funds as you mentally adjust to trading live with real money.
  • #184
  • Aug 3, 2019 2:09pm Aug 3, 2019 2:09pm
Quoting edge540
{quote} Don't waste another minute on forex,it's a game for losers, conmen, charlatans,snake oil salesmen,BS artists etc.
Or a game for the winners and the strong Trade Safe.
  • #185
  • Aug 3, 2019 8:14pm Aug 3, 2019 8:14pm
In my opinion, a new person or a person who has traded for a long time should also approach the method described in the link below. I had accidentally entered it and was changed
https://www.forexfactory.com/showthread.php?t=917569
  • #186
  • Aug 4, 2019 4:35am Aug 4, 2019 4:35am
agree , and thanks for the link
  • #187
  • Aug 4, 2019 4:56am Aug 4, 2019 4:56am
Quoting nhanbiet
In my opinion, a new person or a person who has traded for a long time should also approach the method described in the link below. I had accidentally entered it and was changed https://www.forexfactory.com/showthread.php?t=917569

There is no single strategy that works for everyone. Trading is very subjective, 100 people see 100 different things looking at the same exact chart. This strategy may work for some but it will definitely not work for everyone. Its not how things work in this business.
  • #188
  • Aug 5, 2019 5:54am Aug 5, 2019 5:54am
we choose our trading strategy according to our knowledge and experience , should choose the approach which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker that allows trading concept such as this.
  • #189
  • Aug 5, 2019 6:06am Aug 5, 2019 6:06am
Quoting edge540
{quote} Don't waste another minute on forex,it's a game for losers, conmen, charlatans,snake oil salesmen,BS artists etc.
Agreed -try out the Micro Futures instead to get your feet wet and go from there - but ditch Forex

https://www.ampfutures.com/trading-info/margins/
every Saint has a past. Every Sinner has a Future
  • #190
  • Aug 5, 2019 6:40am Aug 5, 2019 6:40am
Quoting MarkFxAnde
we choose our trading strategy according to our knowledge and experience , should choose the approach which is more appropriate to the concept of trading that will be used, if you love doing scalping should choose the broker that allows trading concept such as this.
agree , most of the traders fall a great trouble when choosing a broker , so its a difficult task from all for newcomers.
  • #191
  • Aug 5, 2019 7:46am Aug 5, 2019 7:46am
we the traders always have to emphasis on FPA ratings and reviews when it is time to choose a broker.
  • #192
  • Aug 6, 2019 8:35am Aug 6, 2019 8:35am
No way avoid the importance of FPA ,
but it is more appropriate
to use demo account before choosing a broker ,
its very supportive to see the broker performance
  • #193
  • Aug 6, 2019 8:19pm Aug 6, 2019 8:19pm
I am also a new trader five month into this. Before I went live I used a practice account for almost a year before I felt comfortable going live so I had time to try out several Sure Fire Guaranteed To Always Win systems. None of them worked but I did learn a lot. If your broker offers hand holding take it! Watch training videos, listen to advice, make a plan on how you want to trade and try it on your demo account. If you have a few bad trades in a row, STOP for awhile. Consider whether it's your plan, your attitude or dumb luck that's wrong. Trade different time frames and find what your comfortable with.

I'm 71 years old. I rode broncs and bulls for 22 years, fought in a war, drove race cars for a year, did some stunt work and some other stuff. Trading is scary sometimes but you're never going to have to physically heal up from a bad trade so try to have some fun doing it. One of the best things I learned so far is that it's ok to feel uncomfortable trading.

Hope this helps. Best wishes!
Don't squat with your spurs on!
  • #194
  • Aug 6, 2019 11:54pm Aug 6, 2019 11:54pm
New to forex ?
Do not just walk away. Run!
  • #195
  • Aug 7, 2019 4:01am Aug 7, 2019 4:01am
Quoting turnip15
{quote} Agreed -try out the Micro Futures instead to get your feet wet and go from there - but ditch Forex https://www.ampfutures.com/trading-info/margins/
Fools never listen but continue to run over the cliff of forex
every Saint has a past. Every Sinner has a Future
  • #196
  • Aug 7, 2019 3:07pm Aug 7, 2019 3:07pm
Quoting whlangford
I am also a new trader five month into this. Before I went live I used a practice account for almost a year before I felt comfortable going live so I had time to try out several Sure Fire Guaranteed To Always Win systems. None of them worked but I did learn a lot. If your broker offers hand holding take it! Watch training videos, listen to advice, make a plan on how you want to trade and try it on your demo account. If you have a few bad trades in a row, STOP for awhile. Consider whether it's your plan, your attitude or dumb luck that's wrong. Trade...
as a newcomer just try to continue in a demo account including pips school , its a perfect combination.
  • #197
  • Aug 8, 2019 1:31pm Aug 8, 2019 1:31pm
I agree. Focus sorely on learning at first, don't think about profiting right away.
  • #198
  • Aug 31, 2019 7:02am Aug 31, 2019 7:02am
learning is the foremost way to survive in this stock market with successfully, but according to me, despite of having good learning approach trading can be useless if there is no regular practice session, so traders should focus on practice besides learning trading.
  • #199
  • Sep 8, 2019 3:27am Sep 8, 2019 3:27am
yes , learning and practicing should continue in the same time, otherwise trading can be useless.
  • #200
  • Sep 22, 2019 1:20pm Sep 22, 2019 1:20pm
i agree with you but its a long term process ,there is no short cut way of learning and earning , its a very long term process. so first of all we the traders have to keep patience when trading in practical.
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