Some Trading tips for beginners - Page 366
Page 366 of 366 FirstFirst ... 266316356362363364365366
Results 3,651 to 3,659 of 3659

Thread: Some Trading tips for beginners

  1. #1
    Super Moderator RoboForex Trader's Avatar
    Join Date
    Dec 2012
    Posts
    489
    Thumbs Up
    Received: 142
    Given: 33

    Some Trading tips for beginners

    Forex trading provides for exchanging money from one currency to another, based on whether a currency will rise or fall in value. Forex trading not as easy as it may seem; even seasoned investors make ill timed decisions and lose a lot of money. You can get a profit if the currency you have invested in rises in value, but you will lose money if you invest in a currency that devalues, on the other hand.

    Following are some forex trading strategies and tips that could help you as you start off in the Forex trading market:
    • Choice of the currencies to invest in must be very careful. Forex currency exchanges happen by pairs – you trade money from one currency back to the other. The most popular pairs are EUR/USD, GBP/USD, EUR/JPY, AUD/JPY, NZD/JPY and AUD/USD. There are many more currency pairs but these are considered to be the least risky.
    • Work with a professional Forex trading specialist. There are numerous specialists; choose one who has experience in exchanging the particular currency or currencies you are interested in to invest. A Forex trading specialist can give you good advice about which currencies to buy and when, and when to sell the currencies you are holding. While it does cost money to hire such a professional, it will be worth it both in the long and short term. There is a lot you can learn from a professional Forex trading specialist.
    • One of the most popular Forex trading strategy is the carry trade strategy. In simple terms, this means investing in a particular currency that is then kept in the bank for some time. If the concrete country has high interest rates, then by holding that currency in a bank account you accrue high interest on it. This particular forex trading strategy does have its risks, however. Interest rates rise for different reasons; if the predominant reason for high interest rates is a capital shortage, then you may want to avoid using this strategy.
    • Stay abreast of the news. It is important to stay abreast of not only the financial news, but also general international news. A country’s currency can devalue due to political instability or national disasters. What affects the country will affect its currency. You will also want to be aware of what market analysts are predicting; the more you know about a particular country and its currency, the more knowledgeable you will be in making decisions regarding your Forex investments.


    If you are new to Forex trading, then one of the best Forex strategies you can employ is to start with small. You can open a mini Forex account for as little as $300. Many people who have invested in the stock market choose such accounts as an additional investment, as these accounts help you to get used to the way Forex trading works. There are a number of Forex brokers offering such accounts; compare different brokers to see which one is the best for you, as a lot depends on what particular currency or currencies you have chosen to invest in and how much money you start with.

    Not allowed!
    Last edited by Patkhak; 01-24-2013 at 11:51 AM.

  2. #3651
    Trader Toyen's Avatar
    Join Date
    Apr 2018
    Posts
    7,692
    Thumbs Up
    Received: 40
    Given: 13
    Quote Originally Posted by naeem555 View Post
    strategy can be based on basic concept but the issue is some time we do not make our base strong, in simple trading most of time we use some greedy trade we try to earn more and more and in that hurry we just lose, so i think its wrong way, we can survive if we have patience, if we have management and proper analysis if we do not have these we cannot survive for long
    It is all about the training which the trader goes through, once traders can trade rightly, there is no way every thing about how to trade would not be known by that trader. Another things is the way the trader is using what he knows, this is where most traders are making mistakes, not even the lack of knowledge or experience about how to trade alone, new traders have to know that they need to have experience in the right way before they can make it.

    Not allowed!

  3. #3652
    Trader Sascha's Avatar
    Join Date
    Dec 2013
    Location
    Racoon City
    Posts
    3,618
    Thumbs Up
    Received: 67
    Given: 58
    Quote Originally Posted by Toyen View Post
    It is all about the training which the trader goes through, once traders can trade rightly, there is no way every thing about how to trade would not be known by that trader. Another things is the way the trader is using what he knows, this is where most traders are making mistakes, not even the lack of knowledge or experience about how to trade alone, new traders have to know that they need to have experience in the right way before they can make it.
    even if there are mistakes to happen, a good trader usually can overcome it fast and able to move on to help themselves create better analysis. traders with good attitude like this can manage their trade well and accept their loss fast. loss is inevitable yet controlled with our strategy. as long as our earning is bigger and our winning trades are often, we can lose to market sometimes and it's alright since we can never stay accurate all the time.

    Not allowed!

  4. #3653
    Trader
    Join Date
    Oct 2017
    Posts
    5,090
    Thumbs Up
    Received: 45
    Given: 55
    Quote Originally Posted by Toyen View Post
    It is all about the training which the trader goes through, once traders can trade rightly, there is no way every thing about how to trade would not be known by that trader. Another things is the way the trader is using what he knows, this is where most traders are making mistakes, not even the lack of knowledge or experience about how to trade alone, new traders have to know that they need to have experience in the right way before they can make it.
    Training are important, but are the trader doing the training the best way which will make them profitable. If we are training and then we don't take journal on how we train and then get to make evaluation from time to time, then our training will not make much sense, it will mostly will not be fruitful. So, the best tips I have for the beginners is that they should be patient, learn and improve.

    Not allowed!

  5. #3654
    Trader cutiekc's Avatar
    Join Date
    Dec 2013
    Posts
    23,501
    Thumbs Up
    Received: 158
    Given: 236
    Your ability to trade the market is important. Success takes a whole lot of time before it gets become possible for traders, the beginner traders should be more about practice, because practice is the most important thing, when the trader is more practical and then they learn from their mistakes, it will help the trader become profitable. Therefore, instead of reading on and on, the trader should use the demo account in learning more consistently.

    Not allowed!

  6. #3655
    Trader Sixteen's Avatar
    Join Date
    Sep 2015
    Posts
    12,155
    Thumbs Up
    Received: 141
    Given: 68
    Beginners should not hesitate to learn because if they can learn they can have the possible chance to make profits from their trade. Right here beginners should follow the course to trade well and seek on the means to build a strong system they can follow up. I would advice newbies to take learning serious and try as much as possible to follow proper demo trading to build a better trading strategy that would work. If newbies can follow the chance to manage risk they can earn here and they can as well start making good profits from their trading.

    Not allowed!

  7. #3656
    Trader Sascha's Avatar
    Join Date
    Dec 2013
    Location
    Racoon City
    Posts
    3,618
    Thumbs Up
    Received: 67
    Given: 58
    Quote Originally Posted by Sixteen View Post
    Beginners should not hesitate to learn because if they can learn they can have the possible chance to make profits from their trade. Right here beginners should follow the course to trade well and seek on the means to build a strong system they can follow up. I would advice newbies to take learning serious and try as much as possible to follow proper demo trading to build a better trading strategy that would work. If newbies can follow the chance to manage risk they can earn here and they can as well start making good profits from their trading.
    beginners caught themselves done bad things as it's explained through their negative trades. it's true as a beginner doing this trading is totally difficult and we can't even understand a single thing about market. however, with proper learning and stay practicing in demo, we can start this with no risk and there will be no loss involved.

    Not allowed!

  8. #3657
    Trader
    Join Date
    Oct 2017
    Posts
    5,090
    Thumbs Up
    Received: 45
    Given: 55
    Quote Originally Posted by Sixteen View Post
    Beginners should not hesitate to learn because if they can learn they can have the possible chance to make profits from their trade. Right here beginners should follow the course to trade well and seek on the means to build a strong system they can follow up. I would advice newbies to take learning serious and try as much as possible to follow proper demo trading to build a better trading strategy that would work. If newbies can follow the chance to manage risk they can earn here and they can as well start making good profits from their trading.
    That is the main thing, the beginner traders should always take time to learn. And the aspect of learning which I suggest they should do will have to be they being more practical, I think they should make use of the demo account more than they use the learning aspect of the theories side, so when they are more engaged in practice, then they get to know the reality of trading.

    Not allowed!

  9. #3658
    Trader Silhouette's Avatar
    Join Date
    May 2016
    Posts
    2,506
    Thumbs Up
    Received: 41
    Given: 42
    Quote Originally Posted by Striker$ View Post
    That is the main thing, the beginner traders should always take time to learn. And the aspect of learning which I suggest they should do will have to be they being more practical, I think they should make use of the demo account more than they use the learning aspect of the theories side, so when they are more engaged in practice, then they get to know the reality of trading.
    Still too far for beginners to know how to make money and focus on keeping their eyes to market because they must learn the basic understanding about market fist, which takes months to remember. It's useless for them to start their real trading earlier unless they're doing that for free based on giving their money to market as charity. Too bad it's a bad mistake and won't give any learning to those who don't understand the risk of trading.

    Not allowed!
    rules made to be followed, not to be broken

  10. #3659
    Trader
    Join Date
    Aug 2015
    Posts
    12,807
    Thumbs Up
    Received: 122
    Given: 24
    Quote Originally Posted by Silhouette View Post
    Still too far for beginners to know how to make money and focus on keeping their eyes to market because they must learn the basic understanding about market fist, which takes months to remember. It's useless for them to start their real trading earlier unless they're doing that for free based on giving their money to market as charity. Too bad it's a bad mistake and won't give any learning to those who don't understand the risk of trading.
    basic learning is important but with time we can learn and if we spend more time we can move to advance level also, i think people take it wrong, they think we need to work hard separately or anything but i am sure we can do well if we have proper management, if we have proper experience so learn trade as much as you can, it will give us more chance to earn, our hard work is everything but time have more value, time give us experience here

    Not allowed!

Page 366 of 366 FirstFirst ... 266316356362363364365366

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •