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Thread: An advice for new comers

  1. #1
    Trader jamey's Avatar
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    An advice for new comers

    When I was new trader, just came in forex market. I thought that, indicator can bring profit for me. I search many kind of indicators and use them but no indicator gave me profit. I just waste my two years for find a better indicator but finally I realize that indicator is nothing. Then I start learn price action from many websites and trade in a naked chart. I advice all new comer trader, don't waste your time for finding colorful indicators. Learn price action from first.

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  2. #2361
    Trader Lyon's Avatar
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    The new comer should know where they stand in the business and not to be the sort of traders that don't have what they want to do, the new trader should also see the reason why forex trading is been said to be a risky business and they should never take the demo account for granted because what they will become in the business will be determined by how they practiced on demo account.

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  3. #2362
    Trader Toyen's Avatar
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    Quote Originally Posted by Lyon View Post
    The new comer should know where they stand in the business and not to be the sort of traders that don't have what they want to do, the new trader should also see the reason why forex trading is been said to be a risky business and they should never take the demo account for granted because what they will become in the business will be determined by how they practices on demo account.
    It is not always immediately clear to the new traders that the market is risky, they will think that it will be very easy for them. It is until they start trying to make money from the market that they will know that it is not easy to be trading the market. This is not to scare traders, it is to make them double their hard work on learning, that is the only solution to speedy money making in the market.

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  4. #2363
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    If you are a new comer and you ain't more about the learning, looking for good means to build your skills and understand about the business, you ain't gonna become successful. The successful traders are the ones that are more after the learning, who has also been able to know that forex is like every other business so good investment is a must.

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  5. #2364
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    Quote Originally Posted by Real View Post
    If you are a new comer and you ain't more about the learning, looking for good means to build your skills and understand about the business, you ain't gonna become successful. The successful traders are the ones that are more after the learning, who has also been able to know that forex is like every other business so good investment is a must.
    for success we need to learn this is reality but make sure you work well, you trade on base of experience, in trading no one can get success if he do not have good experience and personal behavior as well, here for successful orders we must need to work on experience for this we need to do some work on demo account, when we do demo for long period we can learn it fully we can gain experience and can earn on it easily

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  6. #2365
    Trader Silhouette's Avatar
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    Quote Originally Posted by Toyen View Post
    It is not always immediately clear to the new traders that the market is risky, they will think that it will be very easy for them. It is until they start trying to make money from the market that they will know that it is not easy to be trading the market. This is not to scare traders, it is to make them double their hard work on learning, that is the only solution to speedy money making in the market.
    People who just come to this business for their first time wouldn't simply believe and take anything we tell them. Some people are stubborn enough to listen to others, that's why they're making their own excuses to trade with real market until they finally lose everything there. Meanwhile, the few beginners who take the advice accordingly, they're starting this in demo to practice and to learn which strategies they're going to use.

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    rules made to be followed, not to be broken

  7. #2366
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    Quote Originally Posted by Silhouette View Post
    People who just come to this business for their first time wouldn't simply believe and take anything we tell them. Some people are stubborn enough to listen to others, that's why they're making their own excuses to trade with real market until they finally lose everything there. Meanwhile, the few beginners who take the advice accordingly, they're starting this in demo to practice and to learn which strategies they're going to use.
    Novice stage is the learning stage and at this stage we have to exercise our common sense in taking advices from others because not all advises are worthy ones. When we are novice or when we have not done enough work to learn, then neither indicators nor price action can give us the means to strike high probability trades. It is true that experience is great teacher here, but then many experienced traders too miss the essentials of earning in Forex.

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  8. #2367
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    Quote Originally Posted by Abhishekwala View Post
    Novice stage is the learning stage and at this stage we have to exercise our common sense in taking advices from others because not all advises are worthy ones. When we are novice or when we have not done enough work to learn, then neither indicators nor price action can give us the means to strike high probability trades. It is true that experience is great teacher here, but then many experienced traders too miss the essentials of earning in Forex.
    That is right in novice stages one should think of serious learning but on the contrary many news traders think of fast earnings. Leave alone fast actually in our novice stages in Forex business we should not even think of slow earning but have patience. Patience actually helps to make our mindset strong, it helps us to move on from our phase of losing to that of winning.

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  9. #2368
    Trader Toyen's Avatar
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    Quote Originally Posted by naeem555 View Post
    for success we need to learn this is reality but make sure you work well, you trade on base of experience, in trading no one can get success if he do not have good experience and personal behavior as well, here for successful orders we must need to work on experience for this we need to do some work on demo account, when we do demo for long period we can learn it fully we can gain experience and can earn on it easily
    There is reality in learning, the learning keeps on letting traders know where he belongs. When you are the traders that are learning all the time, you will definitely be knowing your status about the market, you will know what you are capable of and what you are not capable of. Above all other things, the traders that always learn get to be experienced and get to improve on how they can trade the market.

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  10. #2369
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    Quote Originally Posted by Toyen View Post
    There is reality in learning, the learning keeps on letting traders know where he belongs. When you are the traders that are learning all the time, you will definitely be knowing your status about the market, you will know what you are capable of and what you are not capable of. Above all other things, the traders that always learn get to be experienced and get to improve on how they can trade the market.
    this is reality learning tell us in actual what we can do, what is best for us, if we do wrong what we can face, so here we can get success if we have experience, if we have proper patience, if we have good techniques, actually if we do not learn, if we do not do practice how a trader can learn it? how we can understand market, when we watch it again and again we learn things, we learn what we can do max so its good if we have learning and experience in trading

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  11. #2370
    Trader Sixteen's Avatar
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    Newcomers should be very ready to have a plan towards this trade and see they can build a strong trade that will increase their ability to come up with a good profits from forex. Here the possibility to earn is on the high side and every trader here should plan on the best way to trade and build a strong method that will help see they can win. Every trader must be ready to learn and take the demo account as the best place to build the strong system that will as well guide them up to build a strong trade they can as well manage for themselves.

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