Forex beginners

[Nich]

How much profit you can earn by your trading strategies it depends on your money managing approach. Without most accurate money management it is not possible to get maximal result despite of having most powerful trading strategies.

I totally agree, plus you have to be dedicated and have faith in a strategy that has been working for you. But if there is need to upgrade, re-plan and change strategy, then be ready to be flexible.

[Lea]

If you don’t work hard during your Forex trading career, depending on your trading strategy of course, you will struggle very hard to become successful. But is also important to work smart, to work smart, you need to think carefully about how you use your time.

You know, one time I was reading this article from the library of forexchief which has some very good lines;
"Individuality and money management are rather best guides for Forex market. However, you can hardly expect long-term success without analyzing other people's mistakes. So it is important to be discrete in the market..."
They sure do have some great stuff in that library!

[Golden Sark]

It would be great if we get a wide range of trading facilities from our brokers as like superior execution for trading , security of funds at any kinds of deposits , lowest trading spreads for using any kinds of trading techniques , high leverage , minimum margin requirements, low transaction cost , easy withdrawal system and much more that are very supportive to lead a comfortable trading life with certainly.

[babushkafx]

It may be a tough task for beginner to reap pips soon after starting to trade however patience will most likely result in a desired outcome. Also reliable broker is needed to avoid systemic risks like Hotforex

[Golden Sark]

Strategy will be profitable if the maximum is already owned , for me it is always to try to learn as possible in a demo account to hone knowledge and trading skill to become better and better able to understand forex working properly also profitable.

[Golden Sark]

The regulated trading broker always guarantees their clients funds with certainly. but first of all you have to make sure the real regulation which can be UK US or Australian , this kinds of regulation are too much strong than others and always make sure secure environment for trading.

[Golden Sark]

in this volatile trading place devoid of stop loss you trading condition can be as like a ship in an ocean without a rudder. So it’s an inevitable part of trading. We have to set stop loss according to previous support and resistance level. However, any form of strategy has different rules in point out stop loss level. Even some traders choose to use manual cut loss. and does not use stop loss tool. Since they are implement scalping technique and always monitoring the trade.

[Golden Sark]

The traders who are particularly beginners for all time fall a great loss by taking high leverage due to non-sense planning and zero risk management policy . so, it is more appropriate to acquire proper risk management policy before using high leverage . actually from all trading elements leverage is one which always contains too much risk.

[Nich]

The traders who are particularly beginners for all time fall a great loss by taking high leverage due to non-sense planning and zero risk management policy . so, it is more appropriate to acquire proper risk management policy before using high leverage . actually from all trading elements leverage is one which always contains too much risk.

High leverage and greedy lotsize are among the pitfalls for newbies. If you must succeed you need to work against this.

[Golden Sark]

Which broker is good or not , right now it is quite difficult to make sure , because so many brokers are available and most of them are found to be scams. By the way, we can choose the regulated broker which is especially regulated by US UK or Australian. They are real regulated and always ensure security of funds with a wide range of trading technologies.