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  1. #1
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    MTW Points (TOP! 34)
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    Tips for New Forex Traders

    Forex has always been a magnet for investors and traders, who are looking for an exciting business venture to invest in, giving them the thrill, adventure and excitement, along with an idea of a quick and easy way to make profits.

    But, for those who are relatively new to the Forex trading world, it is extremely important to know exactly what you are getting into. When it comes to the matter of investing a huge amount of your hard earned money into something, first time investors should always make sure what they ought to expect out of it. What should and should not be done. What steps should be taken to play safe and what to do that keeps them at away from the frauds and scams.





    Trading 15 Weeks To Success Program | Trading For Daily Profits | Trading For Daily Profits

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  3. #2
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    8
    trader must take a total responsibility of the result they get in there trading so that they can find the solution to it.many trader make the same mistake to trade the market instead of finding solution to there problem.

  4. #3
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    This is why its important for new traders to learn as much as possible about trading and make sure they that they know what they are getting themselves into. This will also help to ensure that the beginner is able to make realistic goals and expectations out of forex.

  5. #4
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    Always do the basics, we can learn through ourselves only if we are not capable of having training but we know that there are many available resources online that we can have in order for us to learn Forex trading in not so expensive way and the better way for me.

  6. #5
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    The Only best tip we can give for a newbie trader is they need to be good in practicing with demo account i mean to say they should take there demo trading very seriously so that they will get practice with demo account and they can perform well with the real account so that they have many chances of winning the traders .

  7. #6
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    Yes, besides from the learning one has to make sure that they put in a good amount of practice in the demo account as well because it would help improve your forex trading skills. If you able to understand the basics and fundamentals of forex trading then you will be able to stand a better chance to actually apply it in your trades.

  8. #7
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    Yes practice is really very important because with out practice it is not at all possible for the traders to get some profits when they trade directly with out any practice . and i can say that demo account is really a great gift for the traders to practice and to do all the experiments on the forex .

  9. #8
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    For new traders who want to find a solution to avoid many scams in forex, can be done with diligent visiting forex forums, forex forum can give as much information about a broker's reputation in the online world

  10. #9
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    Basic knowledge and experience is necessary for traders so the trading become easy for the traders and also we can take the guide from expert traders to develop our trading skills so every trader should learn first either from demo account or from expert traders.
    UMOFX | FSP Regulated | NDD Broker | Deposit and Get up to $2000 Bonus

  11. #10
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    I will suggest the newbies traders that first they learn the knowledge and practice of the trading and i think if you will practice of the trading and learn the trading properly then you will be able to get the success in the trading business.

  12. #11
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    As a new trader always try to trade with lots of knowledge and knowledge will help you reduce risks and also reduce all that you could lose. You will lose less with practice in a demo and make like 600 trades and gain like eight percent of them before you move out to the real market. You can also try etoro and try to copy successful trader if you're not too good at it or never have luck but want to trade anyways. You should use low capital and low leverage to prevent large losses and trade on weekdays for best movement.

  13. #12
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    Newbies should not see Forex as a place that they can possibly fulfill all their financial goals within a short period of time. No, that is not what Forex lives for. It is quite a lucrative business that puts money in the pocket but not a get rich quick syndrome.

  14. #13
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    Nicely said, to top that off, slow and steady definitely beats everything else.

  15. #14
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    A few tips for the newbie :

    - Don't use leverage in the first months. If you cannot make money with 0.01 lot, why would be able to make money with 0.10 lot?
    - Hide your equity. Just look at the chart, and trade.
    - Always use stoploss - in every case!
    - Try to be with the trend.
    - Have a proper trade plan! Have a strategy!
    - Try avoid trading while news coming.


    Let's Try Myfxbook Autotrade : Choose a trading system and trust your funds to carefully picked strategy

  16. #15
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    If youre new look the ones who has been too successful . Follow their principles .Someday, youll end up becoming better than them.

  17. #16
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    For newbies, I would like to say, don't panic, don't hesistate taking risks but not too big. don't make fast unplanned decisions ,it will cost you.

  18. #17
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    Maybe you may get few losses at first but eventually you learn and your experience gradually increases making you a better trader with time.

  19. #18
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    Knowledge and experience will be a must need to become professional traders. Well, mistakes are something that increases these both by a lot so learn from them.

  20. #19
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    Quote Originally Posted by Rikrish Shrestha View Post
    Knowledge and experience will be a must need to become professional traders. Well, mistakes are something that increases these both by a lot so learn from them.
    Learning is important, because it always do in learning, then traders will be more able to run trading well. Merchants are always looking for direct access to many direct prices and they want good customer support. FXB Trading is one of the sites that will supply both. Trading with this website will give traders confidence in their reliance on accurate data.

  21. #20
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    I always like to trade with lowest trading spreads for making profit with centrally by scalping that brings profit in a short time. thatís why without LQDFX I have not option , this STP execution trading platform for all time ensures best trading environment for scalping by providing lowest trading spreads from 0 pips. By using their comfortable trading spreads I can make profit with certainly almost every time when scalping practically. So, my trading life is very much comfortable.

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