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    Thread: How can a complete beginner earn money from forex?

    1. #1
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      Default How can a complete beginner earn money from forex?

      Most beginners who are completely new to forex always wants to know how they can earn money from the forex market. This may not be a challenging question at all to most experienced traders. Many beginners will be delighted to know from the experienced traders.



      The question is already fully explored with many answer.
      http://forum.mt5.com/showthread.php?...1#post12757456
      Last edited by PhantomTrader79; 05-13-2018 at 08:06 AM.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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    3. #21
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      The question is already fully explored with many answer.

      Please make sure you read the answers above this post and DO NOT POST ANY ANSWER if your answer contain the same or similar answer with any of the above answers. If you do then it will be deleted.


    4. #22
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      with patience then a beginner will get money from forex. as long as learn patience and megetahui first then beginner can know about forex movement. in forex the key to success is patience. because patience can determine the learning process is good. step by step must pass and patience need to be mastered by beginner if want to become trader who often get profit in its learning. like a child in school. must go through the stages before graduation. from grade 1 to grade six. after that proceed to the first level. as well as forex that must go through the stages to be able to gain profit in trading.


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    6. #23
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      Default

      A complete beginner earn money from Forex if he knows the art of trading like a pro and for that he should practice a lot in the demo trading acounts so that he can know the trading style and also can experiments different kinds of trading strategies and plans .A beginner should always try to gain the positive attitude and should have a proper control over the emotions so that he can face the small hurdles also with ease ,its a long process and for that here patience is a must to grow for each and every traders .

      Learning and implementation to the real field is also an important part in this field so that traders can have the exact trading power to make the consistent profit from this Forex field without any kind of margin call show or blowing off the trading accounts .


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    8. #24
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      Default

      How can a complete beginner earn money from forex?
      There is a favorite quote about Forex trading that "spent as much time as you can in Forex trading to learn."

      Learning is the key things for the beginners. Without proper training a newbie couldn't manage success in Forex trading. Demo account is the best learning platform for the beginners. There is no end of Forex learning is also another favorite quotes. But we should try hard to learn as much as we can. Without 6 months demo experience you shouldn't enter in the live account.

      Trading strategy is a must needed things. You need to develop your own and unique trading strategy from your demo experience. You can take advice from any mentors. But you shouldn't take signal for trading. If you do so then you will never become a good trader.

      After proper learning and developing own trading strategy you need some basic elements for trading. These are-

      1. Good capital. Minimum should be $100.

      2. Good money management and risk management.

      3. Risk/reward ratio must be 1:2 or 1:3. Use calculated lot size on the basis of your capital.

      For the beginner i want to advice you that Forex market is very risky and loss is very easy thing. Never give up when get loss in Forex trading. Try to be a fighter. Never lose your hope. Success will come to you if you work hard.


    9. #25
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      Forex is a business and here have loss and profit. So if a new trader want to earn from Forex so at first he need to know the all thing of Forex. Now I try to say that how can a complete beginner can earn from Forex

      - At first a new trader know the basic of Forex such as what is Forex, what's happen in Forex how can a trader earn form Forex etc.
      - Than a trader try to know the everything of Forex such as how can open a trade how can close trade, how can makes profit and loss etc.
      - Than a trader try know the some trading strategy for trading in Forex. Because without good trading strategy a trader can't trade in right way in Forex.
      - Than a trader should practice in demo trade with this trading strategy for find out the right trading strategy for him. If he can find out it and if he can get success in demo trade with trading strategy so he can prepare for real trade.
      - Than a trader can start real trade and if he can do his all work properly so he can makes profit in Forex.

      I think this the only way for a beginner for earn money from forex. So if a new trader want to earn from Forex so at first he need to do all thing of above so he can get success in forex.


    10. #26
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      For me a complete forex beginner should only focus more on how they will be able to acquire good forex trading knowledge if they wanna last long in the market, rather than outing their focus more on how they can be able to make profit.

      A beginner can make profit from the forex market, this used to happen, here are free tips for a beginner to make profit.

      1. patience : as a beginner it's often notice that they are always in an hurry to want to make profit, not this will not come as a result of this but when we take our time, we will surely make profit from the market.

      2. Risk less : forex market is not the market where we should be often make big risk, we always need to reduce risk, so that whenever we Loose a trade we will still stay profitable in a long time.

      3. Always looking at the bigger picture in the forex trading market: its important to always look at the bigger picture in a forex market, mostly this is done by using the higher time frame for forex analysis.


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    12. #27
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      How can a complete beginner earn money from forex?
      A complete beginner might might find it difficult to make money in the forex market, as a matter of fact i completely understand the feeling, its some excitement to start trading because all that will be in our head is how to get rich quickly, but my advice goes to the beginner, that they need to take the Forex market very easy and focus more on improving their trading knowledge. their stage is not to make big profit but how to keep their account or trading capital, if they keep doing this consistently profit will come in as much as they never stop learning, but making consistent profit also have a lot to do with being discipline and having a good trading techniques


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    14. #28
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      Beginner can earn income in forex trading if he is ready to contribute is time ,money and concerntration on training demo account as to know at the real forex trading platform is all about and also ready to follo the rules that guides real trading forex while on demo account training and also ready to learn more after through with demo training like 4months as to be about to ready on his own on real trading forex platform.Forex trading is not a trading business for some lazzy because the risk is greater and also the profit is also greater so the beginner need to know how discipline himself and to know ho to use indicators, what margin call is and some others such as stop loss,take profit and how to calculate profit or loss before entry the forex market trading.


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      First, we need to understand that forex trading is not for everyone. A certain level of intelligence, strategical thinking, tenacity of purpose and perseverance are required for one to be successful in forex trading. A complete beginner is in no position to achieve such a feat. If however, the complete beginner has sufficient motivation, is patient, and has the right mental capacity to learn the art of trading currencies, he can get started by learning the Market Profile technique, which is based on the theory of auctions. Once the newbie has firmly grasped the concept of auctions and the MP methodology, he can start learning the microstructure of the forex markets. Once that has been sufficiently assimilated, the newbie can then begin to study the mathematical structure of financial markets. Understanding the mathematical structure of financial markets will enable the trader to be able to build trading algorithms that will factor in critical aspects of the price process behaviour. This whole exercise cannot take less than two years to perfect.

      There are no shortcuts to riches.


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    17. #30
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      In forex earning is so much difficult and forex is one of the best risky business in the world. for a new trader make profit from forex business can be so much hard. But if a trader become so much careful and if a new trader can get very good guideline then it is possible to make earning for a beginner trader from forex. but for this he need to very careful about trading. A new trader can open his trade with very low volume and when he find a sure trade according to his learning then if he open trade it will provide him very good earning. But this does not mean he will make good earning all time. He has very good chance to loss in forex. there is no alternative of learning and practice. Demo practice can be a good option for making good trade in real market.


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