How To Start Making Money with Forex as a New Beginner

#11
Starting a career in Forex is not as easy as others are saying over here, learning Forex from zero point and then implement all the concepts in Demo takes lot of times. If you are mentally prepare for this then only try your luck in Forex.
Yeah it had never been an easy task and it will never be one. You need lots of practice if you really wanna be successful in Forex Trading.
 
#12
As a beginner your pot of gold o holy grail is to practice,practice ,practice and practice.Get the basic knowledge of forex very well and demo till you are good enough .
 
#13
As a beginner your pot of gold o holy grail is to practice,practice ,practice and practice.Get the basic knowledge of forex very well and demo till you are good enough .
Practice is a must ! Demo trading can be a biggest asset for any successful trader so its importance should not be ignored.
 
#14
Practice is a must ! Demo trading can be a biggest asset for any successful trader so its importance should not be ignored.
Demo trading can works as miracle to any trader but you should take it as serious as you are working live account. Otherwise it will be useless because most trader fails after working demo account.
 
#15
Starting a career in Forex is not as easy as others are saying over here, learning Forex from zero point and then implement all the concepts in Demo takes lot of times. If you are mentally prepare for this then only try your luck in Forex.
Totally Agreed. Forex Market may be open for everyone, but it is advisable for only those to enter who is serious enough and they need to learn a lot before being prepared for the live account.
 
#16
The safest way to succeed as a new trader is not jumping on a trading system you heard is winning when you basically lack the experience as a new trader. It is better to start with a demo account and patiently learn your way up.
 
#18
To put it simply, the basis of making money trading forex sounds relatively easy: when the price is low, buy; when the price is high, sell. However, supposedly up to 96% of traders lose money and end up quitting altogether. Conversely, other sources have suggested that actually, traders win more trades than they lose, but often their losses are larger than their gains. It really requires a mixture of Patience, Understand forex, Understand risk management, The ability to strategize.
 
#19
I would suggest treating trading like an investment or business. Do your research, find what kind of trader are you, whether you a risk taker or risk-averse, swing trader, or day trader. The market is constantly changing, you need to learn to adapt and adjust your position accordingly.
 

stoch

Active Member
#20
I think you should start little-by-little, keeping risk managed by use of tight stop loss and lowered position size. It is much easier to tolerate a series of small loss rather than big one because the former is less unexpected, you gradually arrive to the result so it's easier to adapt.
 

Similar threads