Best for Newbies - page 2
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Welcome to the community! It seem you took a little time off before now. Well it is good to have you hear. You can look for materials online and probably register with some forex schools.
Don't be emotional in trading and always take stop loss.
of course, in trading we not should be use our emotions. Because emotions influence our trading results. We are so in a hurry to make a decision. So we will experience trading loss.
If you are a newbie in forex its important for you to select the trading system.to do this you may select the following trading system:1.Doesn't force ,you to trade with high leverage (high leverage will kill you).2. Makes you trade 1 currency only (keep focused).3. Makes you trade in 1 direction only
Demo trading is very important for newbie.
I suggest you as a newbie try to make demo trade for many days if you want to learn forex.
Graduates ar emature enough to trade they can decide well .However after 10 grade people can understand forex market, it depends on their personal skill and talent howw they deal with market. You can choose pending order if you are not watching market and think now marklet will go to this move . Set your trade and TP , SL , MT$ will automatically trade for you.
As a newbie i suggest you to trade with demo account.Its important and essential to achieve a good skill.
which is the best for newbie first we can learn trading in a demo account first before start trading in a real account. Once enough, we can test the ability of our trading in real account. for starters, we can trade with free capital or deposits are minimal. It is useful to minimize the risk.
Trading with patience is best for newbies . They will continue this practice in real trading too if they start it with patience. Patience avoids emotional trading and makes them careful and sensible trader.
for newbie, after trading in a demo account, it could start to trading on a real account. As a first step try to trade using free capital of a broker, as instaforex which gives a bonus post for trading real account