I’m New To TRADING – Where Do I Start?


Junior member
37 1
There are many rules in Forex trading that we should know before investing in it
Firstly, it is essential that the goals of which you want to achieve are clear in your mind, then you should have to believe that the trading method you have chosen is able to achieve your goal.
Select a broker with whom you feel comfortable. Also, keep in mind that the trading platform that you provide it encourages your trading style.
Choose a methodology and after that continue the use of their application. Before entering a market as a trader, it is important to know how you will decide to execute your trade.
Create positive feedback. Positive feedback helps your trade to be the best trade according to your plan. Whenever you plan a trade and execute it well, then understand that you are on a positive feedback pattern
Keep a printed record near you. Keeping a printed record for a trader can be a better learning tool. Take the printout of the chart and make a list of all the reasons for the trade and the fundamentals of your decisions.
if you want to become a successful trader you might just find some forex tips that will help you make smarter, more profitable trades to.
Generally speaking, the less you know, the more at risk you are, and there is no limit to how much you can know or risk. An endless amount of information is available on the internet free of charge.If you want to know how to learn Forex trading as a beginner, simply read as much as you possibly can, and always analyse what you read – don't just take information in good faith. Every broker offers a demo account – whether you are a beginner or not, test every new strategy there first. Keep going until the results are conclusive and you are confident in what you are testing. Only then should you open a live account and use your strategy in the smallest volume trades available. Don't overload your charts with indicators, or your strategy with handles or switches. The more complicated your trading strategy is, the harder it will be to follow, and the less likely it is to be effective. A regular Forex trading beginner concentrates on opening a trade, but the exit point is equally important. If your trading strategy does not consider the mechanism of closing a deal, it's not going to end well, and you're much more likely to suffer heavy losses.


3 0
It seems to me that first of all we need to start with qualitative training, so that you can speak freely, at least in theory, about what the market is, what its features are, how to conduct at least the initial analysis and find the entry point. The second no less important step, in my opinion, is of course training on a demo account. Because it is with its help that you will be able to calmly practice all your knowledge and learn how to act so that you would always be in profit and could get out of any difficult situation. After that, I would already be calculating my real financial possibilities, that is, the amount that I can use for the start and what yield I can get. This can be calculated approximately by using statistics on a demo. Just try to take it seriously and then everything will work out for sure.

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