Author Topic: How do i get started?  (Read 27954 times)

Offline Earleone

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Re: How do i get started?
« Reply #30 on: December 10, 2015, 10:52:40 AM »
Quote from: plamar link=msg=350278 date=1449744201

Quote from: erik.shaban link=msg=348876 date=1446429967

Use a demo to watch currency trends for a few months before trading.  I pretend like my demo is real money.  Work hard to develop a strategy or find an EA. 

When you make the transition to a live account, use your strategy with small trades.  As I take my account to new heights, I increase my trade size by very small amounts. 

Demo is much different the a real account.
You may see a price movement, but all the rest will differ a lot.
And first of all - emotions. If you think you ready after watching demo a few months, you wrong. It's like to drive a real racing car after training at the children's carts.

I agree for scalping . But if your trading strategy is like f.ex the Sleep well strategy that is in trading journals here on site or trading on higher tf then 1H demo account will give you qte similar results. But on real account  there is other psychological factor for the trader then on demo so if you let feelings control your trades ( not following a strict trading plan) you will get big differences. So dont ignore the psychological factor difference demo / real account . 

Offline hybrid

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Re: How do i get started?
« Reply #31 on: March 08, 2016, 01:32:51 PM »
In real trading we feel much stress than demo we try to control every aspect of trading . When you start trading see your needs and plan trading accordingly. your emotion should be less involved in it . Must see what is market doing this time turn yourself as it says.

Offline growing_mark

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Re: How do i get started?
« Reply #32 on: April 11, 2016, 12:31:41 PM »
I'm a newbie too, I'm learning at babypips and brokerarena and trading demo at the same time

Offline equityfx

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Re: How do i get started?
« Reply #33 on: May 16, 2016, 05:06:19 PM »
New traders can avail many opportunities for learning .As different forums , videos and lectures are on internet  for their help . They have to do much practice on demo to learn trading actually. This practice is important to go to live trading.

Offline diamond

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Re: How do i get started?
« Reply #34 on: November 08, 2016, 05:13:12 PM »

There is much material on internet to learn all about trading . Brokers also provide basic forex education . Along with this forums are also a good source of getting knowledge after it you should trade in demo to have a practical start .

Offline Haffizz

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Re: How do i get started?
« Reply #35 on: January 30, 2017, 02:56:04 PM »
If you really want to be sucessful in forex, this is my advise.

1. Get a mentor, any mentor worth there salt is going to charge high . I know a few good ones.

2. Dont take advise on forums. Forums consist of the 98% of the people who do not make money. Any good mentor will tell you to just stay away from them! So I dont blame you for disregarding this post  ;)

3. "Get a strategy, any strategy. Trade that Strategy!" -Bollinger.

 Stick to the rules! "Hard to do when your reading all this wonderful advise on these forums".

Now if you want a cheap start creating your personal system, read bollinger bands by bollinger. Thats a mentor! You get his advise for the price of a book! But its just a stepping stone in your trading system.

I fully agree with Autotrader in reading tutorial if you have no idea whats going on. I also suggest you subscribe to the free newsletters at Kathy Lien does an excellent job at explaining why things are happening in the market place.

You know, I saw people on forums that post good signals (for free) and trading ideas, and mentors who want only the money from newbies. They take money, but give beginners the information that can be found anywhere in the internet for free.
As a trader I am always ready to help newcomers to make their way here, as I know how hard it can be sometimes to find a mistake that causes total losses.
Dear newbie traders, if you have some situations with orders or technical questions, feel free to comment after this post and I'll try to help you for free.
Moreover, I can show you screenshots from my trading ECN account to prove that I really work as a trader.
And I won't give you any advice about companies to work with. I can share my experience and highlight pros and cons but I'll never insist on working with them or copying my signals on some pairs I trade.
As every beginner should do it by himself.

I wish you all profitable trading!

Offline diyforexskills

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Re: How do i get started?
« Reply #36 on: May 05, 2018, 06:26:52 AM »
Need a bit of help?

Manual trading is a good way to start trading since you learn about what makes for profitable setups as you go. As opposed to buying an EA and just hoping for the best.

But most of us are time poor and spending long times at the computer is not healthy - for neck and shoulders and back as i have learned!

I came across this free offer for an EA which partly automates the placement and management of the trade, based on having some understanding of Support and Resistance and trendlines.

Even though I have and market my own trading tools and EAs, this product looks fun to use and I think could be helpful for those who want to be in charge of their trading but need some auto assistance with execution.

You can check it out here. Watch the video

PS I have no association with this vendor. This is just something I thought worth sharing and it seems to be from someone who is knowledgeable and honest.
Information, rebates and products -

Offline Paul.Trafford

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Re: How do i get started?
« Reply #37 on: May 23, 2018, 11:34:56 AM »
It looks interesting diyforexskills, however I rather trade manually with just simple indicators helping me on the chart

Offline dvid

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Re: How do i get started?
« Reply #38 on: May 28, 2018, 12:11:09 PM »
First you should learn the basics of forex. After that try to find an learn a trading strategy and start testing it on a demo account. After trading for minimum of 3 months successfully, then you can try your trading strategy on a live trading account.

Offline Weumin

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Re: How do i get started?
« Reply #39 on: December 12, 2018, 05:52:06 AM »
Be a very smart buddy and take couple of months for learning and training. Forex market is not a joke and you cannot learn its basis overnight. I also recommend first practicing on any Demo account before you go live. However, the choice is only yours.

Offline Nuadagas

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Re: How do i get started?
« Reply #40 on: March 27, 2019, 12:37:52 PM »
I don't know how trading with a robot has been working for you, but I know it's different from real trading. In order to succeed in forex trading, there are some steps that you must consider passing through. You must first learn all you can about trading basics. Then select a broker to work with and sign up for a demo account. Find a trading strategy that works for you and test it on demo. When you feel content with the results, go into live trading. Make sure you go through the threads on risk management if you don't want to meet disappointments

Offline stevegonzo

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Re: How do i get started?
« Reply #41 on: March 28, 2019, 03:17:39 PM »
Cheers! Tons and tons of information is available online - try using forums, youtube etc., so you can get full picture of the things that happening.
In order to start you need to be devoted and spend a lot of time figuring out how does the Market works. Once you got it - it will be a piece of cake for you!
Have a nice day!
Person that is reading this - beautiful :)

Offline scottynorman

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Re: How do i get started?
« Reply #42 on: March 28, 2019, 04:26:19 PM »
Yeah, staring at the screen 24/7 is going to kill you tbh. But it's the only one way to succeed. So what should you do?
Use EA.
I mean before that do your homework and figure out how does market work.
After that learn more about robots.
And then just pick one.
You will have personal life AND money. You gotta be careful tho - there are a lot of "high-profitable robots" around. Be aware of scam.
I spent couple thousands dollars before I've discovered perfect robot for me.
Don't be discouraged by lose! Be happy that you are still in the game!
You want to play? Let's play!
P.S. Huge fan of U2

Offline laracroft

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Re: How do i get started?
« Reply #43 on: May 01, 2019, 03:25:33 PM »
Has anyone used an autochartist, a software provided by many brokers, as a basis for manual trading and with what result?
For example ICMARKETS offers alerts every day before the European session, indicating for all the main pairs the identified patterns, the profit targets, the time period in which they will be reached and the support or resistance levels to be used as stop loss


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