Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Spread betting Forex vs. regular trading forex 4 replies

Spot Forex vs CFD Forex: Are we really trading Spot? 11 replies

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

New ichi – new way to beat the forex 49 replies

Attachments: New to Trading and Forex
Exit Attachments

New to Trading and Forex

  • Post #1
  • Quote
  • First Post: Nov 14, 2009 9:58am Nov 14, 2009 9:58am
I am just curious as to the number of successful forex traders who jumped straight into forex trading without any previous trading experience. I personally think its ok because I can trade the mini and micro lots until i get a feel for everything before risking big amounts of capital. Or would it be better to start off in share trading?
Why should stock trading be any different?

Buy low sell high. Same concept.
Just take care that you don't lose your ass with overleveraged positions.
I think you can start with Forex. That way you'll be learning to trade with the high leverage and an unbiased market with the currency fundamentals. Moving from stock trading to Forex will be somewhat painful.
did you guys start out in forex as well? i figure i'm eventually going to make the move here anyway so might as well just start here.
Quoting madetrader
did you guys start out in forex as well? i figure i'm eventually going to make the move here anyway so might as well just start here.
I started out in Forex and it wasn't difficult for me to get into stocks and commodities afterwards.
If you are new in this market, You need to have proper knowledge and experience about the market. Without any knowledge, you can not survive in this risky market.
yes i did and got my ass handed to me hahah
There is a lot to learn through hard work as a beginner trader. If you do not learn anything, you may face many unexpected losses. Forex is not an easy thing to make a profit if you want. You have to master trading by doing a lot of practice.
Forex market to good to trade on but start with demo account or small deposits before risking big amounts in a greed of huge profits.
Quoting CoraLombard
If you are new in this market, You need to have proper knowledge and experience about the market. Without any knowledge, you can not survive in this risky market.
Right. If you have knowledge then you will be able to develop a sound trading plan that will help you in trade execution.
Quoting Gracewilson
Forex market to good to trade on but start with demo account or small deposits before risking big amounts in a greed of huge profits.
Yeah but before doing live trading, one must acquire some knowledge and skills. Otherwise it would be no benefits. Most new traders start live trading just after few months Demo trading.
True. And sadly those people end up losing money, I've personally seen it happen.
If you want to invest in this risky market, you need to gather all kinds of knowledge first. Because without knowledge, you can not survive in this risky market.
If you are new in Forex trading and want to strat you need to learn the basics of forex first and should have good knowledge and skills.
If you are new in this market, you can create a demo account and practice more and more to make money.
demo is important , we all traders above all newcomers believe that ,
but i have seen the knowledge we get from demo not works when trading in a real account.
yes , its a real message but effective , lots of difference we see when trading in real.
Quoting MarkFxAnde
demo is important , we all traders above all newcomers believe that , but i have seen the knowledge we get from demo not works when trading in a real account.
Only emotion is different from demo trading. Trader hardly feel any emotion in demo trading due to virtual money.
Quoting Niels.Lar
{quote} Only emotion is different from demo trading. Trader hardly feel any emotion in demo trading due to virtual money.
Yes only emotions are different in demo. We also should use demo for different purpose as well. To test our strategy demo is the best place. We should not risk our money by testing the strategy directly into live account.
If someone is a new trader, he should do demo trading first. You should get an idea about money management and risk management by trading demo. If you invest big money as a new trader, you are more likely to lose. One should go into real trading by acquiring proper knowledge about trading.
0 traders viewing now