initial stage is the main stage

[Luke Hansen]

The initial stage is the main stage which can lead a new baby towards a profitable trading journey if he can try to acquire trading knowledge at first. It can be understood that each forex trader is singular and obviously what an expert trader will want from trading will not be identical with the other’s wants. Thereby a beginner should not randomly copy the pro traders’ styles; rather he can examine their behaviors first.

 

[oliver1007]

How long to take forex knowledge from a newbie to be a master and start profit?

 

[KariPlov]

Oliver1007 I find this as common question from newbies. I think that there is no answer as it is quite individual. Take as much time as needed to feel yourself quite comfortable with trading and profits, do your homework, focus on profitable strategies and learn from your mistakes

 

[amri.rudi]

All kinds of thoughts and feelings can consume you after a trade finishes. You may feel discouraged, distraught, even desperate after a losing trade, conversely, you might feel cocky, super-intelligent, or feel like you’re ‘on top of the world’ after a winning trade. this is good behaviour

 

[2iquelo]

It is not exactly how it works. Of course this is the right thing to launch a proper start, to be well trained and prepared. However more you work more experience you gain. It doesn’t mean that if you started from the false start you will never win.

 

[Hendadda]

I totally agree with this statement. Early stage is the base of your future trading success, but it is also important how you spend this period. A lot of new traders use gambling attitude, I think they get excited and don’t see the connections between the wins and loses. But their task on this stage is to learn how to analyze the situation.

 

[anna.semera]

don't forget, that's all it took persistence in their processes to strengthen the mental.

 

[Pelanali]

Amri.rudi i like very much the way you expressed all feelings that are around winning and lose trades. It is exactly how I was feeling. Luckily, during time I have managed to control my emotions by simply being aware of them and did my best to exclude them from trading

 

[Poinwan]

Very true. The initial stage of any trading journey matters so much, that if a trader ignores and jumps to real trading before being established, then you are bound to fail. That is why new traders must endeavor to get as much information as possible on forex and trade on demo first

 

[Fanaudy]

I fully agree that a lot of new traders see Forex as some sort of exciting game and follow subconsciously this approach through learning process on demo account. However, trading on demo is a little bit different then trading on live account and then problem becomes evident