3 tips to beginner forex traders

[Uaredaty]

Absolutely necessary is experience. Learn basics of Forex and trade as much as possible, search the way to improve your strategy and learn from your mistakes. In this way you will be able to build your skills as a trader and make sustainable profits

 

[beginnertrader2019]

totally agree! I am just getting started so im gonna stay in demo for a while!

 

[momo3HC]

Tip one and only - Do not risk what you can`t afford to lose.

 

[hakuna matata]

Use a trading plan !

 

[DT77]

totally agree! I am just getting started so im gonna stay in demo for a while!

How's it going now?

 

[momo3HC]

How's it going now?

Yeah. Will be good to see the progress.

 

[Petez_FX]

1. Risk Management.
2. Strategy.
3. Patience.

 

[btseen]

1. Don't let the emotion get the best of you
2. Trade with patience and discipline
3. Learn how to have a good money management

 

[momo3HC]

1. Don't let the emotion get the best of you
2. Trade with patience and discipline
3. Learn how to have a good money management

I can combine the first two into - Have the right mentality.

 

[btseen]

I can combine the first two into - Have the right mentality.

That is very true. I just want to mention it again because it is important.

 

[Eman20]

Hello fellow traders, I'm new here and it's great to be here among you.

 

[momo3HC]

That is very true. I just want to mention it again because it is important.

One of the most important even.

 

[AKFX]

A lot of good advice in here, personally understanding and applying trading psychology was the best step i took

 

[Zeenat shein]

Keys points for a great start is 1. Adequate and sufficient knowledge to trade 2. Fundamental and Analytical skills 3. Learn and adopt strategy. Importantly also be mentally and emotionally stable while hard times.

 

[Andromathis]

Really good and useful tips, and you definitely need to use them.

 

[Lustmust]

1. Understand the differences between a demo and a real account.
2. Don't choose your online broker because it offers the most aggressive promotion. Look for a serious, reliable broker that fits your needs
3. Operate only with an amount of money you are willing to lose.

 

[Brayden]

1. Operate only with an amount of money you are willing to lose.

That's a very important thing to be careful at. All the beginners should pay keen attention to this.

 

[victor best]

thanks for your tips.i want to ask which are the best indicators to use

 

[Torinnarat]

Tips are certainly good, as for newbies, but you can still finish a couple)

 

[Oswald]

Victor, it would be more useful to tell us which strategy and trading method you are using in order to get answer which indicator to use. Not all indicators are good for different trading methods