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    Thread: What is the most vital knowledge a newcomer in Forex should know?

    1. #31 Collapse Post
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      Who are new in forex market they should know many things. Without knowing this or following this if any trader join in forex loss is must for them. So I suggest new trader some tips they should follow it to get the best result in forex.

      - Before join in forex all newcomer should provide their time on demo account. at least 3 month practice need to gather good trading knowledge then they should join live account.
      - A new comer should follow proper money management and risk management otherwise he can not survive in forex market.
      - Proper planning and good trading strategy is needed to get success in forex. a new comer should make his own trading system.
      - A new comer should strictly avoid greed, emotion, over trading.

    2. #32 Collapse Post
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      The most vital information that every newcomer needs in this market is to imbibe the law of discipline, when this is present in your trading psychology then you are said to be on your way to succeed in the market but if you consistently take away discipline from the way you want to engage in this market then you have already applied yourself to lose. meaning you come and see in this business and not considerate about the risk that the engaging and that is because they always believe that the markets will always be favorable to them irrespective of the kind of risk that they have taken this is why we have often seen that in many of the losses that has been experiencing this business comes from taking the higher risk because we believe that our account will increase due to the excessive risk we have taken.

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