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

Adoralmeena

Junior member
49 3
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.
 

Mirardana

Junior member
18 2
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.
 

fxsvps2020

Newbie
3 0
If you start newly then first and foremost work should be a good understanding of Forex Trading. Then need to start learning candle pattern that is 70% trading success.
 

hatemypips

Established member
559 41
Re: How do I start trading?



Sounds like good advice to me. Although finding someone to mentor you who trades with more than 10m is going to be a harsh deal to find.
Have you managed to find any mentor that agreed to teach you? seems unrealistic to me.
 

logicgate

Junior member
30 3
If I could back in time several years and tell my "newbie" self that was just starting on this business, I would say "focus solely on VSA/Wyckoff method". I wasted so much time (and money) studying the loser stuff...

The theory is not complex, not hard, it is logical, it is simple. After you know it by heart and backwards, then it is time to practice, practice, practice, practice.. I mean a LOT! Start using a simulator and don´t even think about going live til you have double, tripled your sim account. You have to become a master of it. As with any technical skill, it needs dedication of your time, a lot of it.
 

NVP

Legendary member
37,285 1,936
heres a thought provoking presentation here from Ross ...some good free advice here for beginners

Note - I am not affiliated to Ross or his company or his trading partners, academies, mentors or coaches

 
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AdamCantor

Member
91 9
heres a thought provoking presentation here from Ross ...some good free advice here for beginners

Note - I am not affiliated to Ross or his company or his trading partners, academies, mentors or coaches

good stuff, thanks for posting this
 

Dreamer8

Junior member
30 6
If you start newly then first and foremost work should be a good understanding of Forex Trading. Then need to start learning candle pattern that is 70% trading success.
Exactly, first step should always be to be perfect on the understanding of this market, nothing can be achieved without that.
 

SittingBear

Newbie
3 0
There is plenty of brilliant material out there. But what many new traders seem to miss out on is to learn what mistakes are actually the most expensive and damaging.

Amongst all the really good traders I also follow this channel which is a trader who discloses all the mistakes he's made and how damaging they have been. It's like learning through someone else's mistakes which is a cheap way to learn.

 

Latty12

Junior member
15 3
If you start newly then first and foremost work should be a good understanding of Forex Trading. Then need to start learning candle pattern that is 70% trading success.
Yes. If you don't have proper understanding of what are you doing then you will fail miserably that is why skill and knowledge are essential part of trading.
 
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