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Author Topic: new to forex and don't know anything  (Read 6495 times)

Offline Proble

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Re: new to forex and don't know anything
« Reply #15 on: September 27, 2015, 01:24:03 PM »
Yes, you'd better start with a demo account. This way you'll test a market. But I also recommend you to test a broker before opening a trading account, cause there a lot of scams at the market. Check the reputation, looking at top ratings, check the speed of support service. I'm trading with Fresh Forex now and I researched tonnes of information before choosing this company. Now I know they're a broker with the best support service and the best broker of Asia according to independent Trading Academy and international exhibition in Shanghai.

Offline donnaforex

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Re: new to forex and don't know anything
« Reply #16 on: September 27, 2015, 07:09:03 PM »
Quote from: Forexbkk link=msg=343954 date=1437783883

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Offline Dario

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Re: new to forex and don't know anything
« Reply #17 on: October 19, 2015, 01:23:56 PM »
I guess as Nick haven't appeared anymore, things might went a little wrong, ah ???

Offline hybrid

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Re: new to forex and don't know anything
« Reply #18 on: October 27, 2015, 12:20:16 PM »
Quote from: equityfx link=msg=338387 date=1429570922

I think demo account is really important but other than that also need for community to exchange information between new to forex to another member to improve the quality trading . So from passage of time the skill will improved from practical trade also knowledgeable


yes it is good to trade on demo , it improves trading skill, our knowledge and experience of trading. New traders specially need demo practice much to understand this market. They can learn all basics here with no investment.

Offline erik.shaban

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Re: new to forex and don't know anything
« Reply #19 on: November 02, 2015, 01:19:01 AM »
Be sure to study close prices every day and watch the trends. 

This may sound obvious, but pretend like the demo account is your real money.






Offline talonsalina

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Re: new to forex and don't know anything
« Reply #20 on: November 14, 2015, 04:46:56 AM »
The Forex market is the absolute largest market in the world which accounts for over 2 trillion dollars traded daily. A little background about the forex market is it was once ruled by large multi-national corporations and large financial institutions for decades. They still do a majority of the 2 trillion dollars a day trading throughout the world daily. You can start out making profitable trades by purchasing "forex signals" from experienced forex traders. If you buy these from the right source and you get them in real time, you can easily follow an experienced forex trader to trade.

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Offline hybrid

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Re: new to forex and don't know anything
« Reply #21 on: November 19, 2015, 06:57:20 AM »
I was also puzzled as I heard about forex. it seems very complicated. Then I get some knowledge of it through inter-net, see videos and join forums to make my basic concepts clear about forex trading. Then demo helped me a lot to work in forex market. I did many mistakes , face losses but remain in touch with forex, demo trading make me a good trader with my hard work.

Offline drunkfx

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Re: new to forex and don't know anything
« Reply #22 on: November 19, 2015, 07:15:01 AM »
Quote from: hybrid link=msg=349601 date=1447916240

I was also puzzled as I heard about forex. it seems very complicated. Then I get some knowledge of it through inter-net, see videos and join forums to make my basic concepts clear about forex trading. Then demo helped me a lot to work in forex market. I did many mistakes , face losses but remain in touch with forex, demo trading make me a good trader with my hard work.


Never try to learn from different sources better to start with several that use similar strategy (for example fundamental trading and learn only through it). When I was newbie I used Investopedia, FPA military school and Hotforex webinars to work out my strategy.

Offline hybrid

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Re: new to forex and don't know anything
« Reply #23 on: December 04, 2015, 07:14:01 AM »
I think all of us feel satisfaction through different ways of learning. Once choice may be conflicted to others. I know one thing where we find best method of learning for us where we can know well join this . Others views are not important because we have to operate our account .

Offline drunkfx

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Re: new to forex and don't know anything
« Reply #24 on: December 04, 2015, 11:09:34 AM »
I think you need to learn money management first its a key to any forex strategy especially for forex which is very volatile market.

Offline Kristofer

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Re: new to forex and don't know anything
« Reply #25 on: December 20, 2015, 09:31:41 PM »
When it comes to income in Forex, a trader is expected to have a well elaborated strategy for action. First and foremost, it is the ability to conduct a market analysis. And the second - the ability to choose the moment for your transactions

Offline hybrid

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Re: new to forex and don't know anything
« Reply #26 on: December 30, 2015, 07:21:29 AM »
When we join forex we all are new traders slowly market tell us its working. It is no matter how much we had knowledge actual thing is our practice when we face market we had different psychology. That is why people say new traders do not know all about forex trading.

Offline jakesgarland

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Re: new to forex and don't know anything
« Reply #27 on: January 01, 2016, 06:31:54 AM »
Buying and selling the currencies of different countries is known as Forex or Foreign Exchange and the place where we trade foreign currencies is the Forex market. It is the most liquid financial market in the world. If you have little knowledge of how the market works, you can make money from the comfort of your home and generate the profitable income.

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Offline equityfx

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Re: new to forex and don't know anything
« Reply #28 on: January 10, 2016, 09:08:15 AM »
New trader need more attention and practice for trading. If you not had any knowledge get some learning first then do demo for several months. This will guide to make right direction.


 

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