Some Trading tips for beginners - Page 2
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Thread: Some Trading tips for beginners

  1. #11
    Trader Razor1911's Avatar
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    The most important tip for a beginner is that we must have to trade with knowledge and for that we must have to practice on demo accounts first, if we don't trade on demo accounts then we will not gain the knowledge with which we can trade effectively on real accounts and thus it becomes very much necessary for a trader to trade with knowledge and experience.

  2. #12
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    Hello all members, I think new traders should open cent account and trade about sic month before they can trade with standard account. And they should use pending orders to trade, because it is safer than if they use executive orders.

  3. #13
    Quote Originally Posted by jackcm View Post
    I don't agree with in this point because if trader has long-term expectation and that expectation is realistic, stop order is not necessary to be placed because stop order can cause trader lose because he/she really wins. There are many other flexible ways to cut losses such as hedging and they are better than stop-loss.
    I think hedging and stop losses are the same, the same function, only the differences in psychological terms. Using stop losses as if you had received a loss, but by using hedging as if you have not received the loss. But is not the amount of your equity is the same when using hedging or stop losses? Technical means of hedging and stop losses are the same, that is why in MT5 platform there is no hedging facilities.

  4. #14
    yes i agree with you in this points for the beginniners you must do that :
    have good capital to start trading
    u must like the market
    tradeing in high level requires
    have good knowledge and learning
    forex is extremely volatile u must timing and know when you start and stop trading

  5. #15
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    I see that trader s must learn macroeconomic news and put them in our mind cause they help us identify the trend easily and they may lead to change of trend that is something on the other hand you must control you greed cause it is the biggest enemy you can ever ever meet as it will lead for loss and nothing else

  6. #16
    I think that the most important steps to success for any beginner is to learn well at first because the forex needs to be a very good education and stay away from greed and capital management

  7. #17
    Quote Originally Posted by rinaji View Post
    I think hedging and stop losses are the same, the same function, only the differences in psychological terms. Using stop losses as if you had received a loss, but by using hedging as if you have not received the loss. But is not the amount of your equity is the same when using hedging or stop losses? Technical means of hedging and stop losses are the same, that is why in MT5 platform there is no hedging facilities.
    You may not understand benefits of hedging technique as well as how to hedge. There are many web seminars that recommend traders not to use stop-loss but rather turns losing trades into winning ones. In my personal experience, stop-loss doesn't prevent me from losing because the matter is how good my strategy is.

  8. #18
    Trader dkarev's Avatar
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    well what i can only tell newbies is that Forex trading is not a play job and if one is willing to earn from the market,he/she must be willing to study hard because if not,making a dime will just a dream that will never come through.Forex is a good business but the early stage of it is very hard.

  9. #19
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    begginer alwayse need to start trade with demo practice because demo practice alwayse give us good experiance and knowledge in this buisnes bro so i also like demo practice before trade

  10. #20
    Quote Originally Posted by garrysidhu View Post
    begginer alwayse need to start trade with demo practice because demo practice alwayse give us good experiance and knowledge in this buisnes bro so i also like demo practice before trade
    because many beginners may not know that their tips to trade it is to choose the indicators they would use in a trade and then choose the pair that they think is good for them and then was traded to trade using the trade better in practice on a demo account first advance so that they would be able to continue to thrive in this trade

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