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Got advice for a rookie?

  • #41
  • Oct 17, 2012 3:46am Oct 17, 2012 3:46am
STICK to the basics, google pipsology, its a good start to learn the basics, read it once or even twice.. remember it takes time.. and when i say time, i mean months or even years to be stable, most of us here are in the process of searching for out comfort zone, ups and downs, just do not go live untill you get all the basics and you are doing well with a certain strategy on demo.

once you go livekeep it small for a couple more months,, and best of luck
  • #42
  • Oct 18, 2012 2:57am Oct 18, 2012 2:57am
Give me one rookie trader out of millions that was given an advise and he followed it straight away.

We can give you every good advice (or perceived to be good) in the book. But problem is you are not gonna believe us (in your heart, ofcourse nobody has the courage to say in public that "i don't believe you") until you get burnt in the market with real money.

So my only advise is "dont loose to much" (ohh yea trust me you're gonna loose money in the start no matter what you tell yourself) while finding out that some of advised stuff thrown around here is actually true.

In this business advise is not be given,.... it is to be experienced.
.
  • #43
  • Oct 18, 2012 3:23am Oct 18, 2012 3:23am
advice? - top 5 tips

1) only trade demo to learn the platform - never trade a demo to learn to trade - trade real money ALWAYS

2) ignore advice on forums like this

3) throw away all indicators bar one

4) forget back testing - it's bollocks and you'll just make things fit

5) if price is rising, buy - if its falling, sell
https://linktr.ee/Soultrader
  • #44
  • Oct 18, 2012 3:36am Oct 18, 2012 3:36am
Quoting Erebus
Knowledge to Action (KTA)

Other opinions on GREG SECKER can be found here...

download the podcast, enlightening stuff, especially if you didn't already know NOT to spend 23,000 GBP on a course....

'Get rich quick' seminars put to the test

This so called "News Report" is actually a commercial in favor of KTA.
Concocted by Mr. Secker and his marketing team... always looking to fleece a few more suckers.
  • #45
  • Oct 18, 2012 4:18am Oct 18, 2012 4:18am
Quoting soultrader
advice? - top 5 tips

1) only trade demo to learn the platform - never trade a demo to learn to trade - trade real money ALWAYS

2) ignore advice on forums like this

3) throw away all indicators bar one

4) forget back testing - it's bollocks and you'll just make things fit

5) if price is rising, buy - if its falling, sell
So, I can say to this listen to advice and do conversely. Than you'll be profitable. Good job
  • #46
  • Oct 19, 2012 4:52am Oct 19, 2012 4:52am
Hello

Also I´m new in trading.
Please, I would ask for advice.
What do you think about hiring signals services?

Thanks
  • #47
  • Oct 19, 2012 5:13am Oct 19, 2012 5:13am
Quoting arte2
Hello

Also I´m new in trading.
Please, I would ask for advice.
What do you think about hiring signals services?

Thanks
Hi there

you can make more money operating a signal service. Serio.
forget about tomorrow, just steal away into the night
  • #48
  • Oct 19, 2012 5:57am Oct 19, 2012 5:57am
Quoting spekitox
Hi there

you can make more money operating a signal service. Serio.
you use one?
  • #49
  • Sep 14, 2020 6:55am Sep 14, 2020 6:55am
Every new traders should practice perfectly and properly at demo account before entering into this risky market.
  • #50
  • Sep 16, 2020 5:31am Sep 16, 2020 5:31am
Hi guys I'm kinda new to trading and I'm looking forward to reading the helpful information that has been posted on here.

I know everyone's busy doing their own thing and this might be a selfish request but does anyone have the time to give me one on one advice every now and then, I do watch videos and read about forex but I find it easier to learn if someone just takes half an hour to explain things to me. I'm currently trading with a very small account and focusing now on just one fx pair to learn and try and disconnect my emotions from trading. Its a selfish request I know but thank you anyway for reading this.

Good luck with your trades and I hope you all secure some good profits.

KF
  • #51
  • Sep 17, 2020 5:48am Sep 17, 2020 5:48am
Quoting OwenBavin
Every new traders should practice perfectly and properly at demo account before entering into this risky market.
practice in a demo account very supportive for the traders who particularly newcomers . but i have seen mostly beginners dont believe the importance of this trading place.
  • #52
  • Sep 17, 2020 6:34am Sep 17, 2020 6:34am
Quoting NathanAstel
{quote} practice in a demo account very supportive for the traders who particularly newcomers . but i have seen mostly beginners dont believe the importance of this trading place.
Hi Nathan
Thanks for your response, I do use a demo account to practice as well I just find it harder to fully learn using it because you know there's no risk involved with it. To teach a baby bird to fly you have to push them out of the nest.
  • #53
  • Sep 18, 2020 2:07am Sep 18, 2020 2:07am
Quoting Kenzoforex
{quote} Hi Nathan Thanks for your response, I do use a demo account to practice as well I just find it harder to fully learn using it because you know there's no risk involved with it. To teach a baby bird to fly you have to push them out of the nest.
I understand what you are saying. You can try on a small account maybe, that helps.
  • #54
  • Sep 18, 2020 5:38am Sep 18, 2020 5:38am
Read the book Naked Forex.
Love to talk on Discord: DividendGamer#1324
  • #55
  • Sep 18, 2020 2:12pm Sep 18, 2020 2:12pm
Every new trader should make a good and profitable plan to make money from this risky market.
  • #56
  • Sep 18, 2020 2:50pm Sep 18, 2020 2:50pm
newbie should practice more and more to understand themselves.
  • #57
  • Sep 19, 2020 3:11am Sep 19, 2020 3:11am
The first thing I want to discuss is that you have to learn to trade. The more you practice trading, the more knowledge you will develop. Demo trading must be done for a minimum of one year. There are many disciplines in trading and this discipline must be followed. And have unwavering faith in one's analysis.
  • #58
  • Sep 19, 2020 4:01am Sep 19, 2020 4:01am
newcomers always try to bring profit very rapidly with no learning , as a result they fall a great trouble when trading in practical. beginners always focus on earning not learning.
  • #59
  • Sep 19, 2020 5:55am Sep 19, 2020 5:55am
Lear, understand and practice.
  • #60
  • Sep 19, 2020 6:40am Sep 19, 2020 6:40am
Don't trade live with huge money until you know what you are doing. Know your stuff very well. Be enough skilled. There is no short cut. It takes time to learn the art of trading. Don't have unrealistic expectation.
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