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Thread: Tips for New Forex Traders
  1. #51
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    Quote Originally Posted by Mastadon View Post
    The first advice is to study forex well and practically find out for yourself what is important and what is not and work with that, so you understand what makes a profit. Most of all focus on the security of the deposit, and not on profits. No need to think that in forex, the field of freedom will guarantee success. It is necessary to write clear rules and always follow them. If trading is not profitable from the very beginning, then it is better to trade on another day.
    I am agree with you. without study the forex market we can't make here money. so try to learn the forex market by using the demo account and youtube and some other articles about forex market. after read everything do not believe it just practice on it. if you got success in the forex market using the demo account then i hope you will and other user make good money.

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  3. #52
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    I am doing trade in forex market from last 3 years but, still I cannot say that I am successful trader. So, I advised to every new trailer if they want to become successful then they have need to learn it properly because, without learning Forex trading properly a trader cannot become successful.
    A trader always should have need to think like a professional trader that forex trading is all about consistent profit then he always make right decisions which become the cause of his success.

  4. #53
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    i think new forex traders should must be know proper what is forex trading.must be should trading rules and practice...........

    In Forex it is very important to follow all the rules of trade, because many do not follow them and therefore very few people can consistently make money on forex. You need to practice a lot for at least 1 year. You do not need to trade for days, but you need to open only exact transactions that will not be risky and will give a small profit.

  5. #54
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    thank you for the information.
    Good trading does not have to follow the trand because this is the best way to make a profit,, apakh there is a trader who does not follow the trand? if there is a trader who does not follow the trand she will undergo destruction...............

    There are different traders who trade differently. Of course, you need to follow the trend and trade it. There are traders who trade in the flat and they do not care about the trend. In general, you need to follow the trend to know the direction of the market. It is often very difficult to determine the trend and many often trade against the trend, although they think that they trade according to the trend.

  6. #55
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    firstly we should learn and then we should come to forex otherwise it could bevery dangerous and loss full for us. so we should open demo account first and then we need to trade .
    The success in forex is having patience If we do have patience in trade the we can a lot of money.

  7. #56
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    thank you for the information.
    Good trading does not have to follow the trand because this is the best way to make a profit,, apakh there is a trader who does not follow the trand? if there is a trader who does not follow the trand she will undergo destruction...............

    It is necessary to follow the trend, but no one knows how to determine it precisely. There are many moments on the market that supposedly confirm that there is a trend, but then a sharp turn occurs and we all lose. It is necessary to learn how to trade with trend as well as against the trend, because the trend in the market is not often and mostly you will need to trade in long-term, and many newcomers are scalping.

  8. #57
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    One characteristic of playing forex in the style of a beginner: doing transactions based on instincts, then too soon to close the transaction when only a small profit, but linger and reluctant to close the transaction when experiencing a loss until finally the capital funds run out without remainder. Did you do it? Know, one of the tips for playing forex to be successful is to avoid all three.

    For this reason, you first need to make a Trading System that contains certain rules for conducting transactions, then stick to them consistently. For example, it is determined that a Buy transaction will only be opened if the price moves above the Moving Average indicator, while Sell will only be opened if the price moves below the Moving Average indicator. Then, set the Risk / Reward Ratio 1: 2, with the application for example if it has lost 20 pips then the transaction is closed, or if the profit is 40 pips then the transaction is closed.

  9. #58
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    every new trader should be very careful in Forex trading if you really want to succeed in Forex trading you most learn how to follow the required trading rules for you to make money from Forex trading.

  10. #59
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    Beginner traders should multiply their knowledge before starting a trader. People who start trading are usually too excited, immediately trade, because they think trading is easy. Without true knowledge it is like advancing a war without weapons. As a result, the age of his account only lasts for corn or shorter. Traders who do not want to learn, will pay dearly with the end of trading capital. Noteworthy is not just any knowledge that you have to look for, but the knowledge of correct trading. Many beginners get lost learning about trading. As a result, the wrong mindset is also formed about trading. In his mind trading is easy, trading is a quick way to get rich, trading is just an analysis and so on. If you want to learn about trading, it is advisable to find a bona fide source.

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    increase the trading experience and get more knowledge about insta forex. Use a demo account for practice to became a successful trader.

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