5 Tips for forex beginner

alonevivi

Trader
Jul 22, 2011
1
4
12
1. If you don’t have much capital, forex is the ideal form of investment.
2. If you have too little capital, you’d better not trade at all.
3. Love the market (one forex tip that says it all)
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.
 

jen

Trader
Jul 8, 2011
25
1
12
www.forextrainingworks.com
1. If you don’t have much capital, forex is the ideal form of investment.
2. If you have too little capital, you’d better not trade at all.
3. Love the market (one forex tip that says it all)
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.

Well done, especially Point #4. The best traders are the ones who have patience and persevere, unlike the nervous and impulsive rookies!
 
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Reactions: artfor
Jul 1, 2011
20
1
12
1. If you don’t have much capital, forex is the ideal form of investment.
2. If you have too little capital, you’d better not trade at all.
3. Love the market (one forex tip that says it all)
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.

We could put in patience in between 3 and 4 because it's one of the most important things to have for a trader.
 
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Reactions: artfor

xSPACECOWBOYx

Master Trader
Apr 14, 2010
127
1
54
uk
1. If you don’t have much capital, forex is the ideal form of investment.(you have got to be kidding me. No capital no trading simple as...get a job in something you can do.)
2. If you have too little capital, you’d better not trade at all. (More like it. too little capital, you’d better not trade at all (quote) if you have problems with no.1 revert to no.2
3. Love the market (one forex tip that says it all)..Don't quite get this tip but ok i can go with it for now. I like the love bit...
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time. This part is true, pat on the back.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex. Now your blabbering,i mean what is this all about.
I'm sorry to be the one to say this but somebody has to , it just makes me chuckle every time i see this thread. Anyway once again truly sorry keep up the good work.
XspacecowboyX....... all the best with your knew tips
 

Andrew101

Active Trader
Oct 3, 2016
199
9
34
44
Manchester
Nice tips newbies should abide by. I especially like and agree with #4. To be successful in this business, the accurate knowledge of Forex is needed. Without it, you'll be filling brokers pockets with your money.
 
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Mark Fahad

Trader
Sep 26, 2016
33
2
14
33
We the traders who are particularly newcomers have to choose in regulated trading brokers which guarantee their clients funds. Because only regulated trading brokers make sure security of funds at any deposits with a wide range of trading technologies.
 

Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
We the traders who are particularly newcomers have to choose in regulated trading brokers which guarantee their clients funds. Because only regulated trading brokers make sure security of funds at any deposits with a wide range of trading technologies.
Sometimes even regulated brokers have problems (remember Alpari UK), so it's better to look in complex.. Regulations, liquidity provider, reviews and feedback, trading terms, etc
It's like choosing a bank for deposit. Sometimes the service is important. Any little detail.
 

Gerrard Hank

Trader
Nov 3, 2016
31
2
16
48
For beginners, to succeed in Forex, you must have an effective trading strategy. Your method or strategy to analyzing prices and making decisions about when to trade and when not to defines the type of trader you are. The simple way to determine if your trading method is effective or not is to demo trade it for some months and then see the kind of results you'll get.
 

wisetrada

Active Trader
Mar 4, 2014
53
5
39
Let me share a tip here. Psychology has a lot to do with the success of a trader as his technical abilities. But then emotions like greed and fear can be controlled in an open position with a well mastered trading system.
 
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Alexfx79

Active Trader
Sep 22, 2016
376
20
39
44
Berlin
Let me share a tip here. Psychology has a lot to do with the success of a trader as his technical abilities. But then emotions like greed and fear can be controlled in an open position with a well mastered trading system.
Sorry, but where is your tip? Maybe you would write how do you personally control those emotions? What is well mastered trading system for you?
I think, temperament is the key to coping with psychological problems. I think that people with unstable emotional sphere will not be able to solve the problem completely. Of course, you can prove I'm wrong. I'll be glad to participate in the discussion and in making up some really useful tips for beginners (as theme of this thread says).
 
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buldy

Trader
Nov 15, 2016
43
9
9
33
1. If you don’t have much capital, forex is the ideal form of investment.
2. If you have too little capital, you’d better not trade at all.
3. Love the market (one forex tip that says it all)
4. Very important forex tip: trading at high level requires a good knowledge of the market.
Not even the best trader in the market gains all the time.
5. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.

I really appreciate tip four, the earlier we realize that we can lose sometimes the better for us. It will help us to think straight and move on with our trades after learning from the mistake we made.
 
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Andrew101

Active Trader
Oct 3, 2016
199
9
34
44
Manchester
Valuable forex tips for beginners would include not letting the forex control your life. Rather, be in charge of your life. Don't stare at the computer all day and all night. Always have a trading plan, have money management plan, set price alarms, and be aware of when important news items are being announced on the news calendar to minimize time in front of the computer.
 
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