Forex beginners

**Nich** · 11-16-2022, 07:38 PM

Originally Posted by Lea

I couldn't agree more, and you have to pay close attention to the market as you scalp.

It's also very advisable to use stop lose and take profit, especially the stop lose as the market can go against you.

**Lea** · 11-21-2022, 10:32 PM

Originally Posted by Nich

It's also very advisable to use stop lose and take profit, especially the stop lose as the market can go against you.

True, and also very important to trade with a broker with fast execution else you are in for trouble. I haven't had any issues on this with forexchief though but I know how it feels like when your execution stalls from previous experience.

**babushkafx** · 11-23-2022, 11:05 AM

I think forex is an ideal market for beginners because it allows to place short and long-term trades, try news, swing trading, momentum, etc. It exhibits different qualities and respond to various events so we can try any strategy we can think of.

**Lea** · 11-25-2022, 10:34 PM

Originally Posted by babushkafx

I think forex is an ideal market for beginners because it allows to place short and long-term trades, try news, swing trading, momentum, etc. It exhibits different qualities and respond to various events so we can try any strategy we can think of.

I would say this is way too complex for a newbie, always trade with a plan and always keep your plans simple.
Check this article, might help.

**Nich** · 11-29-2022, 03:29 PM

Originally Posted by Lea

I would say this is way too complex for a newbie, always trade with a plan and always keep your plans simple.
Check this article, might help.

Simplicity is key, one can stick with a simple plan like having daily target, simple trading strategy and be very focused.

**Golden Sark** · 12-07-2022, 11:52 AM

Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

**Lea** · 12-08-2022, 12:22 PM

Originally Posted by Golden Sark

Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

This is so part of the reason why many newbies run off the market so easily, no patience. There is no holy grail here, you must learn to grow steadily not speedily.

**Nich** · 12-11-2022, 09:30 PM

Originally Posted by Lea

This is so part of the reason why many newbies run off the market so easily, no patience. There is no holy grail here, you must learn to grow steadily not speedily.

Honestly most times it's not so easy being consistent especially when things are not going well even with several efforts. All I can say we shouldn't give up.

**Golden Sark** · 01-10-2023, 03:06 PM

In Fx trading by and large traders think only good trading knowledge can brings success very rapidly , but practically despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage your time.