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New to Trading and Forex

  • #21
  • Nov 1, 2020 10:37pm Nov 1, 2020 10:37pm
Quoting Niels.Lar
{quote} Only emotion is different from demo trading. Trader hardly feel any emotion in demo trading due to virtual money.
Agree! demo should be treated like real account else results won't be same when you will switch from demo to live.
  • #22
  • Nov 1, 2020 10:47pm Nov 1, 2020 10:47pm
Quoting timpip
{quote} Agree! demo should be treated like real account else results won't be same when you will switch from demo to live.
No, that will never happen.
I will tear the world apart for you.
  • #23
  • Nov 2, 2020 6:04am Nov 2, 2020 6:04am
If you are new in this market you have to make a good trading plan. Without a good plan, you can not survive in this risky market.
  • #24
  • Nov 2, 2020 6:22am Nov 2, 2020 6:22am
Quoting DexterDuncan
If you are new in this market you have to make a good trading plan. Without a good plan, you can not survive in this risky market.
Yes plan is very important in trading. But to make a plan we need the understanding of how things work in forex trading. That's why gwtting knowledge is the first step of trading.
  • #25
  • Nov 3, 2020 1:51pm Nov 3, 2020 1:51pm
Every new trader should make a solid trading plan to make a profit from the forex market. Without a good trading plan, no trader can make money from forex.
  • #26
  • Nov 3, 2020 2:28pm Nov 3, 2020 2:28pm
Quoting WillGagnon
Every new trader should make a solid trading plan to make a profit from the forex market. Without a good trading plan, no trader can make money from forex.
Very Very important , some people don't learn good without mentors , I'm that kind of people, I got myself someone that helps me . I'd also say do alot of readings , some videos are misleading
  • #27
  • Nov 4, 2020 9:15am Nov 4, 2020 9:15am
I mostly learned on my own, but I definitely struggled a lot.
  • #28
  • Nov 5, 2020 5:08am Nov 5, 2020 5:08am
the struggle is a very common attitude which is the main core to success, the main issue is to keep survive consistently, its all about discipline.
  • #29
  • Nov 6, 2020 11:30pm Nov 6, 2020 11:30pm
Quoting MacGutierrez
{quote} Very Very important , some people don't learn good without mentors , I'm that kind of people, I got myself someone that helps me . I'd also say do alot of readings , some videos are misleading
You are lucky to have someone to help you. Appreciate the help being offered. Most traders learn from the internet and books, all by themselves.
  • #30
  • Nov 8, 2020 10:24am Nov 8, 2020 10:24am
If you are new in this market, you have to gather proper knowledge first. Without knowledge, you can not survive in this risky market.
  • #31
  • Nov 9, 2020 3:58am Nov 9, 2020 3:58am
generally we commonly think only knowledge is more enough to survive successfully in there , but besides knowledge brokers support is more important , because the broker can affects the result of our trading with certainly.
  • #32
  • Nov 9, 2020 4:00am Nov 9, 2020 4:00am
Quoting AlexImam
generally we commonly think only knowledge is more enough to survive successfully in there , but besides knowledge brokers support is more important , because the broker can affects the result of our trading with certainly.

how does the broker affect results?
  • #33
  • Nov 9, 2020 6:08am Nov 9, 2020 6:08am
New traders should be very serious about their trading. They should have all the knowledge and skills in the market before starting the trading.
  • #34
  • Nov 9, 2020 8:24am Nov 9, 2020 8:24am
Most new traders make one mistake. After few months of demo trading, they start to trader in live account. But before start trading in live account, a trader should have good understanding of trading psychology, emotions and risk management.
  • #35
  • Nov 9, 2020 3:58pm Nov 9, 2020 3:58pm
Quoting MarcoDresner
Most new traders make one mistake. After few months of demo trading, they start to trader in live account. But before start trading in live account, a trader should have good understanding of trading psychology, emotions and risk management.

how can a trader have a good understanding of emotions and psychology is he doesn't trade live?
  • #36
  • Nov 9, 2020 7:03pm Nov 9, 2020 7:03pm
Without previous experience, it is very difficult to go ahead with consistent profit in trading. Because profit depends on trading skills. The better the trading skills, the better the profit.
  • #37
  • Nov 10, 2020 5:08am Nov 10, 2020 5:08am
consistence profit is a big challenge in Forex trading , because there is anyone who can bring profit for one or two times but the main challenge is to keep consistent.
  • #38
  • Nov 11, 2020 7:36am Nov 11, 2020 7:36am
Quoting DeanLittler
Without previous experience, it is very difficult to go ahead with consistent profit in trading. Because profit depends on trading skills. The better the trading skills, the better the profit.
You are right. New traders should develop their trading skill in demo practice.
  • #39
  • Nov 11, 2020 8:58am Nov 11, 2020 8:58am
I agree. New traders need to focus on building their skills on a demo account, doing so on a live account is a recipe for disaster.
  • #40
  • Nov 11, 2020 9:09am Nov 11, 2020 9:09am
YES DEMO .... so you can learn absolutely nothing about psychology and the mental game
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