what should new forex trader do?
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    what should new forex trader do?

    New forex trader should practice demo trading at least 4-5 month.They should follow tight money management.They should use small lot size in trading

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    Rookie mohamed reda's Avatar
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    all new traders have not any experience about how to trade successfully so that they must learn the basics of our business to be able to make profits without big loss .after learning and have a good knowledge about the market they must practice trading in a demo account for enough to be able to make profits easily in the real account .my regards .

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    As a new trader its important you read up on the terms and condition of trading in the currency market that would give you some insight on what your dealing with, then from there you start your research on how to become a successful trader and also trading strategies that would assist you in building your own trading strategy, and knowing how to mange risks is very important hence your trading In a risky investment.

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    Rookie martyn's Avatar
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    True, better new traders trading with a demo account first for a certain period of time, they can practice using the strategy and management of money, if they are able to make a good profit with they strategy and money management through the demo account then can be applied to a real account.

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    In my view a new trader should use all his ability and energy in learning the Forex trading business and he should never ever make hurry to trade on real account without forming his own profitable trading strategy if he has one that is well tested and proven for profitability in all market conditions then he can switch over for real account trading with confidence.

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    That is a selective approach and Market runs with paradigm and most of traders have failed to understand that Market is something different from Indicators and technical but It is just a help of interpertating market moves and We should keep on improving our knowledge

    regards

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    Follow steps and new traders must learn about forex as a professional and spend their time on forex education and understand to market by demo practice. and when they get experience in market so they can start real trading because if they will never follow rules then they can loss money.

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    A new trader should first have in and out knowledge of the forex trading business.Understanding of market analysis and market trend are absolute necessities. In order to gain expertise a new trader should practice a lot on Demo account and have complete control over one's emotions.

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    If you are new in Forex trading business than you must follow some rules and regulations so that you can earn profits and avoid huge losses....If you are new in these field than please keep learning and collects knowledge about Forex trading market so that you can earn lots of money...don't invest big amount at first time just keep patience and keep trading..

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    A new trader don't have proper knowledge and experience.They should practice in demo account and try to learn and gain knowledge about the Forex trading business.they should try to improve their knowledge and experience so that they can a earn certain amount of profit.They should learn to control their emotion and greed.All this will help a new trader to become a successful trader.

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