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New to forex Tips and Advice

  • #21
  • Apr 19, 2017 7:11am Apr 19, 2017 7:11am
Hi,

I am wondering what is the best strategy to use and implement working around a 9-5 job, as well as giving me freedom of time and also a good return?

Cheers

JL
  • #22
  • Apr 19, 2017 10:09pm Apr 19, 2017 10:09pm
In running the trading in forex beginner that we first run it by always trying to learn with sincerity, because with the high risk that in forex business, then trader must really have the maximum knowledge so that our advantage can be achieved easily
  • #23
  • Apr 22, 2017 7:13am Apr 22, 2017 7:13am
Quoting jl6trader
Hi, I am wondering what is the best strategy to use and implement working around a 9-5 job, as well as giving me freedom of time and also a good return? Cheers JL
I would recommend looking for a strategy that would allow you to keep long-term or medium-term positions. Otherwise you wouldn't have the time to watch over short-term ones.
  • #24
  • Apr 23, 2017 2:41am Apr 23, 2017 2:41am
I have been monitoring/paper trading a strategy with success using mainly the bull/bear indicators. It seems to me that Sentiment and understanding Support and Resistance is a great way to scalp. Anyone else have any experience trading this way?
  • #25
  • Apr 24, 2017 12:02am Apr 24, 2017 12:02am
Many exercises will affect our performance, and this is a process of trading that we try to be successful with any strategy that we run, especially if the mental trading can also we manage well
  • #26
  • Apr 27, 2017 1:50am Apr 27, 2017 1:50am
First thing would be a good with low transaction cost. Then open a demo account and then after a while move to live. (With small balance) because there is a huge difference in virtual money and demo.
  • #27
  • Apr 30, 2017 3:53am Apr 30, 2017 3:53am
Maximum Forex Newbie try to make money very rapidly by using high leverage ratio and fall a great loss when trading practically. Basically leverage is an important financial tool which always contains risk, so, it would be better if we newcomer first of all make sure the risk managing plan before using high leverage. This approach will support us for avoiding loss when using leverage.
  • #28
  • May 1, 2017 10:04am May 1, 2017 10:04am
The fastest way to learn forex is to find a reputable Forex Coach...
Let Market Tell You
  • #29
  • May 1, 2017 2:00pm May 1, 2017 2:00pm
there is no short cuts, 3-5 years before you will make money
Even though I walk through the darkest valley, I will fear no evil
  • #30
  • May 2, 2017 7:19am May 2, 2017 7:19am
Quoting monocor
there is no short cuts, 3-5 years before you will make money
And that's if you ever learn how to actually be profitable. Unfortunately some people never quite get there.
  • #31
  • May 8, 2017 4:17am May 8, 2017 4:17am
Quoting BenDunk
Maximum Forex Newbie try to make money very rapidly by using high leverage ratio and fall a great loss when trading practically. Basically leverage is an important financial tool which always contains risk, so, it would be better if we newcomer first of all make sure the risk managing plan before using high leverage. This approach will support us for avoiding loss when using leverage.
Leverage can be a great source to earn profit very rapidly , if you have proper trading plan with great risk managing plan , otherwise that’s not possible at all to make profit by using leverage despite of having high trading amount.
  • #32
  • May 8, 2017 7:28am May 8, 2017 7:28am
My tips for newbie,

learning First
practice makes a man perfect
knowing is not enough we must apply
Go for demo
Not only from single broker with many
  • #33
  • May 8, 2017 8:03am May 8, 2017 8:03am
Quoting Banet
My tips for newbie, learning First practice makes a man perfect knowing is not enough we must apply Go for demo Not only from single broker with many
That is good advice. Try different brokers with different services and see which one fits your needs as a trader the best.
  • #34
  • May 10, 2017 1:07am May 10, 2017 1:07am
what is the best way to withdraw and fund an account? every time i fund my account, 3% of the money was gone which means a lot to me. erm..
  • #35
  • May 14, 2017 5:11am May 14, 2017 5:11am
Yes, by using different brokers we can see their performance how it works.
Then it can be easily to decide which broker is more appropriate to invest vastly.
  • #36
  • May 15, 2017 7:34am May 15, 2017 7:34am
Quoting IrwanRospi
what is the best way to withdraw and fund an account? every time i fund my account, 3% of the money was gone which means a lot to me. erm..
I usually use a debit card and I'm not charged anything. Also, some brokers cover the withdrawal fees themselves, it's a good idea to ask them before even signing up with them whether they do it.
  • #37
  • May 16, 2017 1:21pm May 16, 2017 1:21pm
the senior expert always advice for the newcomers Babypips School.
But I don’t like this educational place too much.
There is a lot to read and learn but
I prefer practical videos (step by step) explaining various aspects and ways of trading.
  • #38
  • May 17, 2017 12:14am May 17, 2017 12:14am
Quoting JamesFaulkn
the senior expert always advice for the newcomers Babypips School. But I dont like this educational place too much. There is a lot to read and learn but I prefer practical videos (step by step) explaining various aspects and ways of trading.

I did not like babypips either. Way too wordy, just wanted the nitty-gritty.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #39
  • May 17, 2017 2:15am May 17, 2017 2:15am
Quoting JamesFaulkn
the senior expert always advice for the newcomers Babypips School. But I dont like this educational place too much. There is a lot to read and learn but I prefer practical videos (step by step) explaining various aspects and ways of trading.
I just follow the trades of a pro floor trader! It took the stress of having to try out every retail strategy or indicator out there!! I mean in all honesty I didn't really make any profit in two years until I got away from chasing the holy grail of indicators.

Now I just view set up that confirmed by information that I would never be able to get my hands on!
  • #40
  • May 18, 2017 2:40pm May 18, 2017 2:40pm
Quoting Rufus
{quote} I did not like babypips either. Way too wordy, just wanted the nitty-gritty.
Can you explain more about why you don’t like Pips. I think from any other trading platforms it is more suitable for the newcomers to be a knowledgeable trader very rapidly.
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