For Beginners

[Fx Master]

generally the target we select is not realistic, this is the main problem we have and for that reason we cant fill up our target completely, we have to make sure the target according to our knowledge and experience , over targeting make make us always greedy and emotional. so be careful

 

[The trader]

i lose much above all when trading with high leverage , tried to bring profit very rapidly but there was no money management or any good trading plan. as a result faced a huge loss. it was my very first past experience.

 

[Andrew McCalam]

Despite of good money managing skill , leverage can be harmful .
because the market is too much volatile and there is nothing 100% in here.

 

[Tom Latham]

i dont believe any percentage, i just believe all about the consistency
which is the main core to success at any section even trading place.

 

[Fx Master]

analyzing is important , its true but the main problem it not works completely . because there is no one who can real faction of this market with certainly.

 

[The trader]

I trade based of my personal trading strategy, it’s a combination of 4 default and 2 custom indicators! So for me, trading preparation means, counting the positions of all of trading indicators according to my strategy! Besides, I also count currency correlation! That’s my preparation!

 

[Tom Latham]

sometimes scalping causes huge trouble but overall its really good and comfortable for the traders who above have low amounts.

 

[The trader]

lack of knowledge is very common, what you think Mate the traders who is completely professional in Forex, he has fill knowledge ?

 

[The trader]

Forex is a legal issue , no way to avoid it , but the transaction deposit and withdrawal is the problem and some countries dont allow this kind of , as like India. but lots of trader right now there is.

 

[Tom Latham]

Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.

 

[Fx Master]

i lose much above all when trading with high leverage , tried to bring profit very rapidly but there was no money management or any good trading plan. as a result faced a huge loss. it was my very first past experience.

 

[The trader]

Maximum traders in Forex like to trade with high leverage for making profit instantly. But traders who make profit consistency , I don’t think they use high leverage. They way I see it. High leverage gives us the benefits not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

 

[Andrew McCalam]

In this trading place choosing a broker is very much difficult, because there are almost thousands online broker in this retail market and most of them are found to be scams. We can choose the broker which is more appropriate to the concept of trading that will be used; if you love scalping should choose the broker that allows trading concept such as this.

 

[Alexander Hudson]

Every beginner should make a good strategy to make money from this market.

 

[Gito Dinev]

Beginners should start forex trading with demo account because they stay ignorant about using risk management policy initially.

 

[Nayek Pichai]

Forex is unpredictable in nature but it is even more unpredictable to the beginners because they are not familiar with the market environment.

 

[Nayek Pichai]

Your knowledge will deduct your fear. Basically,knowledge refers to analytical knowledge basically which works in market analysis.

 

[LouBega88]

Lack of knowledge leads to complexity. Forex isn’t difficult but lack of knowledge makes it so. If you are going to step in Forex, you should focus on learning first.

 

[Bahiya Shinam]

Make your own strategy of trading based on what type of trading you prefer. Forex can be a great opportunity for your career building but don’t take it too simply. If traders are sufficiently dedicated, they can do so regardless of whatever adverse situation appears.

 

[Bahiya Shinam]

Forex is the toughest journey for a beginner where he needs to traverse ahead with due carefulness and strategic approaches.