General advises and experiences sharing for forex traders

[Shing1985]

Patience is equally of success in the forex market without patients we cannot success I will suggest you will increase your patience you will work hard and putting her best efforts and patience mean success and making more profit service suggest you if you are a new person and less experience person you will work in this platform confidently and full patience.

 

[Majind]

Never do anything in forex without thinking carefully about it first. There are a lot of newbies that make so many mistakes because they are reckless. Know your way around forex first before you think about trading. Learn as much as you can. Skills in forex do not just come by like that.

 

[Spellweaver]

Never give up when your trades are unsuccessful. Loss is part of forex. It is all part of the experience. If you have not exoerience any losses then you are not an experienced forex trader, Learn form the losses you make and come up with better strategies. Do not be weak because forex is not for weak people.

 

[Morlugamand]

What I have learnt in forex to this point is that you should never get into it with high expectations. You cannot tell the outcome of something if you have never tried it. If you are new and you have such high expectations then change your mindset. Learn first then make the decision later.

 

[Gurrentoln]

There are a lot of risks assosoated with scalping as much as losses are not that high. We all know the problem that many of the forex traders face which is the scammers. The scammers have been increasing as tome goes by that identifying them is not longer easy. You have to be constanly on the look out for them.

 

[Rexscar]

Some very important advise that I think that you guys should know is this.Never get into forex with money that is very important to you. The losses that make people fail in forex is because they use money that when lost is very painful to them. Some people trade with their life savings then lose it all. Be smart.

 

[Agamatius]

Forex and emotions are not a good mix. What do I mean by emotion. emotionn can be the desire for moeny. When traes are successful and you keep on trading more and more then you are letting your emotions get in between you and forex. Never allow that. The results are usually looses and feelings of failure.

 

[Electric Rainbow]

I do not quite understand what is the point of your trading journal if you have not even told what strategy and tools you use in trading?

Agreed to your point, this journal can only be helpful if we can know the strategy, technic, tools, and method used to earn a profit. Only then other new trader's can get guidance from this forum posted.

 

[Shing1985]

What is the broker and what is your plan and strategy to trade with your broker?

 

[Blackfont]

In my opinion I think that the newbies should soend as much time as they can in their demo accounts. The more time you spend on i then the better prepared you will be for live trading. Demo accounts serve as a good training ground for the newbies and they should take it seriously. Practice over and over.