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  1. #1
    Join Date
    Jul 2020
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    162

    New traders lack trading experience

    New traders often lose money in trading. Because they lack trading experience, they tend to be too reckless to make a profit in trading. But when they release their own mistakes, they can learn from these experiences. Create a trading journal to record the trading process and learn from your mistake. Many brokers also offer electronic journals to their traders.

  2. #2
    Join Date
    Apr 2017
    Posts
    719
    Nobody could stay safe in Forex market without ensuring a reliable and regulated trading broker. Various brokers are available in Forex market but when choosing a broker, we should check carefully about their details. I found TP Global FX is a solid and trusted broker who doesn’t have any bad reputation. Moreover, for providing active customer service they won many best awards in this market. Now I am trading really very comfortably with them.

  3. #3
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    Apr 2020
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    For a beginner, experience is really a key issue. When I first started working with a broker from Amarkets, I used the demo mode for training.

  4. #4
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    Jul 2020
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    The most important thing to pay attention to is the demo mode. Without this, getting the desired work result is quite difficult, and it is worth understanding.

  5. #5
    Join Date
    Aug 2020
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    157
    Trading is not just market analysis. As money is involved here, emotions play the big parts during trading. Most of the traders ignore this. They come here to make huge money overnight. They become greedy when make some profit and they also feel broken when lose money. Without being discipline success in forex Market is not possible. I trade forex Eurotrader broker. I like their low spreads and instant deposit and withdrawal facility.

  6. #6
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    Apr 2020
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    The most important thing that a beginner needs to do is work on a demo. I consider this a key task for the newcomer. He himself began with the demo account of the broker Amarkets, and only then began to work on the main account.

  7. #7
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    Jul 2020
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    794
    As for me, experience is a really important aspect for a beginner. For example, I started working with the broker ExpertOption from the demo account, and this is really the best option.

  8. #8
    Join Date
    Dec 2020
    Posts
    35
    Every beginner has minimal experience in trading, and this is a natural thing, but in order to achieve a result, you need to gain as much experience as possible, and demo accounts are very suitable for this.

  9. #9
    Join Date
    Nov 2020
    Posts
    45
    Do not forget what you can get by trading on a demo account and using all its possibilities. At least, the demo account of the Amarkets broker gave me a lot and it is also very important to listen to the advice of managers.

  10. #10
    Join Date
    Jun 2020
    Posts
    205
    A broker is an important element in forex trading. Without broker a trader cannot trade in forex market. It is the main duty as a trader is to choose a good broker or him. There are a lot of fake or scam brokers in the market. So, it is really difficult to choose the best one from all of the brokers in forex market. I had faced same problem while i was choosing a broker for me to trade. At last I found Forex4you. They are really great in all sectors. They give low spreads start from 0.1 pips. They also give maximum leverage of 1:1000. They also provide 24X5 customer service to their account holder. They also have diverse tradable instrument. There are 56 pairs of FX in their site. So, overall it is the best broker for me. I am still trading with them.

  11. #11
    Join Date
    May 2020
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    1,473
    I believe that it is very important for a beginner to start their journey with a demo account. At least, I started with the Amarkets broker with a demo account, and the result of the work seemed to me quite positive.

  12. #12
    Join Date
    Jan 2021
    Posts
    405
    Well, how can beginners have some kind of experience in Forex? they just need to spend more time on different trading methods and understanding their work

  13. #13
    Join Date
    Dec 2020
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    Quote Originally Posted by Diedriarekh View Post
    Well, how can beginners have some kind of experience in Forex? they just need to spend more time on different trading methods and understanding their work
    For getting income in our trading we will need to make use of such a Trading Strategy that is easy for us to understand and make use in our trades.

  14. #14
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    Jan 2021
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    405
    in general, beginners have many simple situations, both winning and vice versa, since they do not fully understand what to do and what not to do

  15. #15
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    Aug 2017
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    1,331
    There will be losses in trading but if you try to cover this loss immediately then you will never be successful in trading. There will be a loss in trading so you have to try to cover that loss according to the plan. Trading is not possible without patience. When I was a new trader, if a trade stop loss hit, I would start overtrading to cover that loss. By trading like this, I have lost a lot of my investment. I am currently trading with Forex4you broker. They also help me to minimize my losses with their services and support.

  16. #16
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    Apr 2020
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    The most important thing for a beginner is to qualitatively undergo training. For example, when I started working with a broker from Amarkets, I worked for a long time on a demo account.

  17. #17
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    Jul 2020
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    794
    A beginner really needs experience. It is worth understanding that without experience, a beginner can simply lose profit, which is not the most positive scenario for him.

  18. #18
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    Dec 2020
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    Quote Originally Posted by dayzzz View Post
    A beginner really needs experience. It is worth understanding that without experience, a beginner can simply lose profit, which is not the most positive scenario for him.
    If we want to increase our trading skills in this business then we will have to use such type of a trading system that is easy for us to understand and use also.

  19. #19
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    Jan 2021
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    405
    well, this is the rule of any occupation, beginners are always lucky, only this luck does not last long, so you should not rely so much on such a principle

  20. #20
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    Dec 2020
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    Quote Originally Posted by Diedriarekh View Post
    well, this is the rule of any occupation, beginners are always lucky, only this luck does not last long, so you should not rely so much on such a principle
    We must not depend on Luck while doing our trades because the Trading skills are more important for getting success from this business.

  21. #21
    Join Date
    Jul 2020
    Posts
    794
    The most important thing for a beginner is to work on a demo account, with the more, the better. When I started working with a broker from ExpertOption, I used this particular rule.

  22. #22
    Join Date
    Feb 2021
    Posts
    9
    Of course, beginners make a lot of mistakes because they have no experience, but everything comes with time and practice, so there is no need to despair.

  23. #23
    Join Date
    Feb 2021
    Posts
    9
    The first experience can be obtained on a demo account, and this is an excellent platform for getting ready and switching to a real account.

  24. #24
    Join Date
    May 2020
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    1,473
    The most important thing for a beginner to do is work with a demo account. When I started working with a broker from Amarkets, I used a demo account for training.

  25. #25
    Join Date
    Dec 2020
    Location
    Asia
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    Quote Originally Posted by malopis View Post
    The most important thing for a beginner to do is work with a demo account. When I started working with a broker from Amarkets, I used a demo account for training.
    We will need to understand that if we will start using the Demo trading accounts then we can increase our Trading Skills and also learn new trading strategy.

  26. #26
    Join Date
    Jan 2021
    Posts
    405
    as practice shows, that newcomers are always and everywhere lucky, only this luck will not work for a long time, and this must be understood

  27. #27
    Join Date
    Jan 2021
    Posts
    12
    Everyone comes into this area without certain knowledge and experience, and thanks to the demo account provided to Expertoption brokers, you can learn to practice without risking your own funds.

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