Yes! This forum has a lot to offer.
This is why I prefer using such forums, when so much can be learned for free, why use the paid sources then.
I am very new to forex trading.
- Thread starter durgamadhu
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This is why I prefer using such forums, when so much can be learned for free, why use the paid sources then.
Forex trading can be an exciting and lucrative activity, but it can also be tough, especially for beginners. Newcomers underestimate the importance of financial education, tend to have unrealistic expectations, and struggle to control their emotions, pushing them to act irrationally and impair their overall performance.
If you are new to trading, I would recommend trading on a demo account first and risk no more than 1% of your balance per trade.
How can I risk only 1% ? My account has leverage. Do I limit it by trade size or stop loss ?
You determine your stop-loss based on your strategy. Then, you calculate your position size based on your stop-loss and risk tolerance. You can use our position size calculator for that:
https://www.earnforex.com/position-size-calculator/
Hello, can you please suggest some good brokers with good trading conditions?
It definitely is. I really like the quiz part that they have, interesting and helpful.
Not more than 1- 2%. Better focus on practicing first and you'll be able to figure out slowly how much can afford to risk.
I never knew that they have educational materials, I used them to check out the reviews for brokers
I may say I'm a newbie either, but anyway, I believe the best strategy is practice. I decided to start with analyses of the market and all the information about trading. It turned there is too much information (and as I thought all of it is useful). So, as a conclusion I may advice you to watch some videos and recomendations of specialists you believe to and find some sources like blogs and compilations of articles. For me one of such sources was this website. Anyway, I'm sure there are lots of such sources in the internet.
Hi!
There’s a lot to learn in the beginning. As for books, try looking at bestsellers related to trading and choose the ones that stand out to you. YouTube is also really good and offers a lot of content. It seems helpful to have things explained in videos to me. Babypips is good for beginners as well and does a great job of explaining things in beginner terms.
Choosing a broker is a big decision, so you need to spend time doing research to find the right one. Try looking at online reviews to be sure that you make a reliable choice.
There’s a lot to learn in the beginning. As for books, try looking at bestsellers related to trading and choose the ones that stand out to you. YouTube is also really good and offers a lot of content. It seems helpful to have things explained in videos to me. Babypips is good for beginners as well and does a great job of explaining things in beginner terms.
Choosing a broker is a big decision, so you need to spend time doing research to find the right one. Try looking at online reviews to be sure that you make a reliable choice.
Joining up to forums like here is a good start .
Also Babypips Forex.academy and Forexpeacearmy are full of free trading content.
Lots of free content on YT also.
Demo Demo and demo some more it's a risk free way of learning the art of trading.
Good luck
Also Babypips Forex.academy and Forexpeacearmy are full of free trading content.
Lots of free content on YT also.
Demo Demo and demo some more it's a risk free way of learning the art of trading.
Good luck
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