Beginner traders need to do demo trading. If you don't learn from demo trading, you will never be able to develop skills.
Any Advice for a Beginner? 78 replies
beginner advice please 8 replies
DislikedHello, I am a newbie. Trading forex is a weird experience. You are not trading something that represents a certain value, you are trading on a ratio between 2 currencies. This pair has no simple macroecomic meaning , in fact it so complex that its better to view a pair as an emerging entity of uncertain behavior Also these pairs or ratios cant possibly be subject to the supply/demand concept. I feel these ratios are related to liquidity requirements by market players. As such, the study of cash flow in major corporation. institutions and goverment...Ignored
DislikedHi Guys I'm new in this Forex Factory but I'm not new in the trading world. Have been studying how to trade for 2 years daily and I still consider myself a newbie compared to the rest here. However, one part of my beginner advice is that - Do not ever ever believe that Forex trading can give you financial freedom without any consistent effort and persistence to succeed in your part. 90-95% retail traders fail and only 5-10% will succeed to achieve profitability. Go find out why. There are solid evidences out there that are not obvious to new retail...Ignored
DislikedNo matter how skilled you become, at some point, if you dont trade high volumes, you will never make significant earnings. Low volume trading with tight risk management approaches are promoted kindly by some experts to prevent you from loosing money. Its also about how much time forex trading consumes in your life. In my case its a hobby I enjoy. I also try not to put too much time to it, so I can explore other things in life. But if I were to decide to try and make a living out of it, I would sit down with pro traders, would seek financing from...Ignored
DislikedHi Everyone I am new here and trying to get started posting. I don't see an official introduction section to get started so I thought I would try and reply here. I am hoping to be able to post and interact here where I see strategies and efforts that fit. Good luck in your efforts to everyone here who is new as well and also thanks in advance to the seasoned traders who stick around and provide help. LuskyIgnored