A newbie should concentrate on building a strong foundation by learning and practicing before thinking of making money. Once you’ve sharpened your skills you’ll definitely make money, but many traders rush towards starting on a live account which costs them heavily.
New traders often make the mistake of spending a lot of time on demo trading which can set unexpected standards in their minds and makes it hard to adapt to the real market. One should only spend a few months and then shift to a real account as soon as they think they have learned the ins and outs of the market.
A mewbie should do some practice over demo account to start building your career in forex and you must know what is forex and how to start before creating a trading account with your broker.
After practicing initially on a demo account, you can even start using a micro account. As you will be using your real money to practice and trade, you will get to know more about your self-control and emotional involvement. You will also know more about the live market so that you can plan your future moves.
After practicing initially on a demo account, you can even start using a micro account. As you will be using your real money to practice and trade, you will get to know more about your self-control and emotional involvement. You will also know more about the live market so that you can plan your future moves.
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The main thing is to limit yourself. This is where you learn discipline.
New forex traders should understand that earning starts after learning. You can’t reach the earning part without understanding how the market works. Focus on learning and trying different strategies on a demo account, and notice your mistakes, because this is how you improve.
New forex traders should understand that earning starts after learning. You can’t reach the earning part without understanding how the market works. Focus on learning and trying different strategies on a demo account, and notice your mistakes, because this is how you improve.
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agree with your condition , no doubt but honestly speaking the learning approach can be useless if there is no regular level of practice , so we the traders should focus on there besides learning.
I'm glad i found a forum with people who are interested in forex as i am. I don't have much trading background. I was taught a bit of technical analysis of stocks from this school. (it was a good foundation to start) I had a few questions lingering in my head. (Some questions may sound stupid so please bear with me) 1. Technical analysis has many indicators and ways to use them. Do all the technical indicators that help people read entry and exit points for stocks the same for forex? 2. Do forex traders also look for doji, hamari, pullbacks, etc...
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Hello. I'm just as happy to have found this very useful forum. In my opinion, in the basic version, all indicators work in much the same way as elsewhere. In general, the transition from one platform to another is always about the same thing, but with its own specifics. You just need to use a training account to understand how they differ.
Hello, I am a new trader and also new to the forex factory. I am quite excited to learn from my senior members and hopefully with some time i will also be able to contribute here. Thanks to all for their time reading my stuff.
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Joined Mar 2022
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Status: Junior Member
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Hi, I'm new here. great job from you. I would like to know if there is a way for me to post an EA that I paid to make in MQL5?, and I would like you to help me improve the EA's performance.
How do I post?
Hello, I am a new trader and also new to the forex factory. I am quite excited to learn from my senior members and hopefully with some time i will also be able to contribute here. Thanks to all for their time reading my stuff.
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feel free to ask any question you need to know , lots of advisor and professional traders are there , i hope you will be benefited with no doubt.
Hi guys
I’m new here too! Been lurking and using forexfactory for 2 or so years, but finally decided to join! I mainly trade futures rather than forex, but even so forexfactory has only ever provided lots of resources and help for me over the years!
I mainly trade futures rather than forex, but even so forexfactory has only ever provided lots of resources and help for me over the years!