5 Tips for forex beginner

[fxplayer]

Some of the important forex trading tips are:

1. Educate yourself.
2. Practice on demo account.
3. Make a plan before trading.
4. Keep your emotions under control.
5. Accept losses.

 

[e_abrams]

I like the succinct way in which you framed them.

 

[JoshEvansFX]

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.

Great points, thanks for sharing.

 

[btseen]

Some of the important forex trading tips are:

1. Educate yourself.
2. Practice on demo account.
3. Make a plan before trading.
4. Keep your emotions under control.
5. Accept losses.

Thanks for sharing these. Noted.

 

[Variss]

these are good tips that will help beginner traders

 

[fxplayer]

Thanks for sharing these. Noted.

Glad, I was able to help you!

 

[andrew_bezen]

Really helpful information, guys

Thank you

 

[sport]

All good advice, but no mention of the fact that one of the most, if not the most important consideration is your money management. Newbies lose not only because of too little capital, but how they manage the little that they put in. Therefore lot size used and leverage applied.
Couple that with, Greed, Fear, & Impatience with too high expectations and you have most causes of loss.
Best of luck to all

 

[galaxy]

One tip for beginners will be not to indulge in emotions and move ahead with a seeking mind to learn about trading as much as you can.

 

[e_abrams]

I try to do that, but truth be told, it's easier in theory than it is in practice.

 

[Credcy]

Everyone pretty much said the same and I hope every newbie truly pay attention to these. Very useful life session.

 

[e_abrams]

It is useful, if and when followed closely. How many of us did so when we were newbies though. Not me for sure, unfortunately.

 

[HeavenLeighGill]

Good points and they’re a bit different than the same tips I’ve seen again and again in articles.

 

[e_abrams]

What other tips have you seen?

 

[Dutchy86]

Good basic points in my opinion as does open you up to huge potentials for small capital but also patience is key

 

[e_abrams]

Both patience and discipline are key, I think. You need both to succeed.

 

[e_abrams]

Number one is pretty hard to follow in my experience, I am quite emotionally attached to my money.

 

[Dutchy86]

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.

Definitely a good right up. Key for me is learning the markets and controlling your emotions

 

[reecerispoli1]

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.

Definitely
And remember it takes time

 

[Saososa]

It is the second point for me, it could be frustrating