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Thread: Important tips for beginners (This could be your holy grail)

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    Important tips for beginners (This could be your holy grail)

    We all were once a beginner in the business, as I have experienced a lot, I think it will help others. Please follow this tips and thank me later.

    1. Quit looking for the perfect strategy, or the one that will make you fast money.: There is nothing like a perfect strategy. You will spend lots of time searching, that way wasting time, instead have that time been used on mastering a particular strategy.

    2. Avoid learning from different source, mostly when the source are talking about different trading strategies: learning from two different people who makes use of different strategy will get you confused and make you make lots of mistakes. That way, have just one mentor and one strategy, get to know it more better. Just like Bruce Lee said and I quote
    I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.
    This means that it becomes more effective when you mater just one trading strategy and knows it better.

    3. Avoid trying to know what your friends who are forex traders are making. Most times, when your friends are making more and you are still losing, that may fuel some spirit of competition in your, thereby making you make mistakes and even deviate from your goals and plans. That way, have in mind that forex is not a race.

    The last but not the least!!

    4. Endeavor to stay away from signal providers. I believe we are into forex because we would want to make money on the long run, that way the best way to start is to be able to believe in our selves, that way following our analysis because it is made based on the strategy we use, when you loss you learn and get better. Don't follow signals blindly, unless you are into forex just for some short term money making.

    Success trading!!!!!!!!!!!!!

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    Registered user Senorita's Avatar
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    Beginners should endeavor to learn about forex properly. This can be done by joining forex forums, reading forex article strategies, YouTube videos and possibly with demo practice. These channel are ways for beginners to improve their knowledge and create a system that will help them to trade good. As a beginner do everything possible to learn and make sure you can follow a trade that will give you a great process to earn much better.

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    Beginners should avoid any shortcut or easy method to earn and stick to the plans of learning in the right time. Beginners must be well ready to learn and see the demo account as a great profitable chance to build a more profitable trade. If newbies would be patient enough to learn, they can have the chance to build a strong system for themselves and such will give traders the best possible concern to deal with risk. Beginners should however learn the right way and so see how they could really build up winning trade.

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    Quote Originally Posted by Tonycee View Post
    Beginners should avoid any shortcut or easy method to earn and stick to the plans of learning in the right time. Beginners must be well ready to learn and see the demo account as a great profitable chance to build a more profitable trade. If newbies would be patient enough to learn, they can have the chance to build a strong system for themselves and such will give traders the best possible concern to deal with risk. Beginners should however learn the right way and so see how they could really build up winning trade.
    The issue with most beginners is that they want to earn fast and easy profits from Forex being alluded by many fake ads to get rich in Forex quickly. Beginners should have one main thing and that is the inspiration to learn and when they become capable they can earn all the profits. Further in beginning we can easily lose hopes because this is the time when certainty we will have more losses, since profit will take some experience.

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    Registered user Sixteen's Avatar
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    Beginners here should be well ready to manage risk and do endure they are well up to date in creating the right system that will give them the high possibilities of earning here. Here beginners should know how they must work hard and they should realize that its not going to be that easy if they don't have a plan on this business. Beginners who wants to make it should put in enough time to learn and they should seek on the way to build a profitable trade. Here it's not going to be easy and beginners who put focus to learn will have so much to achieve from trading.

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    Registered user Silhouette's Avatar
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    Quote Originally Posted by Sixteen View Post
    Beginners here should be well ready to manage risk and do endure they are well up to date in creating the right system that will give them the high possibilities of earning here. Here beginners should know how they must work hard and they should realize that its not going to be that easy if they don't have a plan on this business. Beginners who wants to make it should put in enough time to learn and they should seek on the way to build a profitable trade. Here it's not going to be easy and beginners who put focus to learn will have so much to achieve from trading.
    In fact that beginners must accept all the terms and conditions first regarding to forex trading, along with its possible risk that may consume their account instantly within seconds. They must aware of this facts and be realistic to do the business with their own free will and responsibility so they can understand each time they lose to market, it's because their own fault not with market or anything else.

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    rules made to be followed, not to be broken

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    Registered user ola4real's Avatar
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    Quote Originally Posted by Tonycee View Post
    Beginners should avoid any shortcut or easy method to earn and stick to the plans of learning in the right time. Beginners must be well ready to learn and see the demo account as a great profitable chance to build a more profitable trade. If newbies would be patient enough to learn, they can have the chance to build a strong system for themselves and such will give traders the best possible concern to deal with risk. Beginners should however learn the right way and so see how they could really build up winning trade.
    It is a good advice for beginners in forex field to avoid the shortcut, the shortcuts in trading is a fast way to ruin the forex account of that traders, we have to be smarter than that. Forex traders who are relying on shortcuts will never train to the standard tastes, they are the forex traders who will never progress and will always want a cheap income making in forex field out of their laziness.

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    Quote Originally Posted by ola4real View Post
    It is a good advice for beginners in forex field to avoid the shortcut, the shortcuts in trading is a fast way to ruin the forex account of that traders, we have to be smarter than that. Forex traders who are relying on shortcuts will never train to the standard tastes, they are the forex traders who will never progress and will always want a cheap income making in forex field out of their laziness.
    shortcuts are big caused of loss, actually in trading when we try some shortcuts we can lose here we can really place wrong orders so try to trade well and make sure you trade with some proper planning with some proper management and experience, if we do not have proper planning and strategy loss will be our, so make sure you know how to trade well, you need to know what to do and how to do

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    Registered user juniorpeters's Avatar
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    there are no perfect strategy in the market to use and trade the market so if you are looking for a perfect strategy you are wasting your time,you might just get disappointed at the end of the day.so accept what the market gives you and trade the market,don't expect too much from the market.trade less and trade only when there are better signals worth risking some dollar.

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    What beginners should look to manage is loss. They must be ready to learn about this business and build the capable skills and strategy that will lead them through trading. Newbies must take demo trading seriously because this is of course the most better way for risk to be handled and its likely to help them manage loss. Newbies must continue following the right learning and sure be ready to work on how to improve on their trade to see they come up with something promising.

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    Quote Originally Posted by juniorpeters View Post
    there are no perfect strategy in the market to use and trade the market so if you are looking for a perfect strategy you are wasting your time,you might just get disappointed at the end of the day.so accept what the market gives you and trade the market,don't expect too much from the market.trade less and trade only when there are better signals worth risking some dollar.
    That is correct, there is no way of getting a profitable trading strategy that is perfect, being that from time to time, the trader will always take some losses and all that. But as a matter of fact, you should take some time and then understand that also the consistent practice that we carry out will get to help us become more better with the way we trade, therefore there is the need to keep on practising so that we can experience confident and then leading to close to perfection usage.

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