Forex Trading tips for beginner???

[Electric Rainbow]

First, you need to find out what type of trader you are, look into things like your behavioral, emotional, and personality traits. Are you a patient person, risk-averse, discipline etc.. You can determine, what types of time frames fit your personality.

 

[Frigo]

Many newbies confuse trading on forex with gambling and different casinos. But this is certainly far from it, everything here depends not on some written algorithm, but on the brain of a trader himself and on his actions during the trade.

 

[Christof]

A gambler can neither earn money on the casino nor on the Forex market. Forex market has a history which repeats itself on the market. All the analysis and indicators work on the base of historical charts which tell the whole story and a trader have to read the right one. Do you believe in it?

 

[aqibFXmart]

be a trader not a gambler. learn about forex from basic till expert with a mentor is better than selftaught because a lot of the newbies will get a lot of mistakes in the first learn

 

[Osmibie]

I really liked the first line that gamblers go the casino. Yes, I agree as gamblers do not have a room on the forex market as it is an anlytical market and you can analyze well if you have the adequate knowledge about something. So, be analytical and be successful! Best of luck!

 

[Christof]

The best tip that i can give to beginners is that don't rush things. Take your time in learning the basics and fundamentals of forex trading. Nobody said that it would be easy to become successful in forex. If are looking for shortcuts to become rich, then i am sorry forex is not the place for you.

 

[Christof]

I will highly recommend young traders to do demo account trading. You shouldn't over-look it. Many people will tell you that you will be wasting your time but don't listen to them. I believe that demo account trading should be compulsory before investing in the actual life trading.

 

[JaneAnwari]

First, you need to find out what type of trader you are, look into things like your behavioral, emotional, and personality traits. Are you a patient person, risk-averse, discipline etc.. You can determine, what types of time frames fit your personality.

newbies can receive all the answers on these issues simply by using practice accounts