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    Thread: A Guide For The Newbie Forex Traders (part 5)

    1. #41
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      I can write that short points for the new comer in the forex market :-
      1- Learn the market 's basics and how it is move.
      2- Choose a perfect or famous strategy in the market.
      3- Build your own analysis technique in the market and try to test it on demo account.
      4- Record your work in a journal and make a monthly evaluation.
      5- Stick with your strategy and your plan while trading the market.


    2. #42
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      One major guide i will suggest for every newbie trader out there is to have a good trading mentor that will be able to hold you by the hands and guide you to become a successful trade.


    3. #43
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      The greatest endeavor a newbie forex trader should embark on is the acquisition of good forex trading skills and experience, as this would teach the trader enough to trade profitably in the forex market.
      THE POSSIBILITIES IN FOREX TRADING ARE INFINITE, YOU CAN ACCOMPLISH ANYTHING !


    4. #44
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      For the newbies in the business here is a guide for you: channel all your time , resources and energy towards learning how to trade, go for the knowledge first because knowledge is real power in forex trading business, then engage is series of practice with the demo and make sure to be safe first there before going into live trade.


    5. #45
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      Default A Guide For The Newbie Forex Traders

      If you a newbie and wants to become a successful trader then first you need to learn well about this trading. And after well learning then you need to do some demo practice for getting experience. And you learning's will be fundamental & technical analysis, and money management. this three is very important.


    6. #46
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      My own quick advice for any newbie in this forex trading business is that they should first know what they want from this business and also how to get to their dream target because many traders fail due to lack of focus and inability to do what is needful for a successful trading career.


    7. #47
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      Be always sensitive during trade because a little mistake can give loss . Open every trade after market analysis . If traders own analysis is weak then take the help from expert analyzer . Trader can make profit only if they follow market trend . So doen't open trading order opposite to trend . Forex is good for small profit , so don't run profit for long time .


    8. #48
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      As a new trader, one of your major focus should be risk and money management, forex is a very risky business and so you must learn to manage your trade at all time and also you must learn to manage your capital at all time and that involve using the right lot size, using both stop loss and take profit at all time while trading


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    10. #49
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      every newbie should learn and practice this business more and more time. without proper knowledge and experience anyone cant get success in this business. so when a new trader can learn and practice demo account more and more time and follow the forex rules then they can gain knowledge for this business. every new trader should follow the other experience trader knowledge and experience for gain more knowledge for this business.


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