Thread: Some tips for the beginners in trading

many traders are involving in forex every day and they are doing trade in order to become rich. here i mention some necessary tips for the beginners:
1.before entering in real trade they have to trade at least three months in demo account which will increase their knowledge
2.have to be confident about winning in trade
3. have to keep patience when they face loosing
4.always have to avoid fear and greed.

Thanks for sharing. Those are very helpful for beginners. And it must be noted and done by beginners, start trading with demo account first. Try to invest our time here to get knowledge and experience as assets for us to start trading with real account. Using $10, you can start with TenkoFx.

Forex beginner should get full knowledge of Forex then practice on demo account. Learn to control your greed. Make a good strategy, don’t be emotional on trading time, it can affect your trading. Avoid “be rich in short period” mentality. Make your own strategy plan and stick with it. After that we can use the benefit of free welcome bonus from the broker like 15 EUR Welcome bonus from Armada Markets

I think every beginner should start trading with demo account and should practice Demo for at least three months because Demo account is the first step of trading successfully in Forex.

Originally Posted by raybenz1983

I think every beginner should start trading with demo account and should practice Demo for at least three months because Demo account is the first step of trading successfully in Forex.

Yes, Demo forex trading is very important if you want to be successful forex trading. I think the importance of having a proper demo trading can make you more confident and may be as a measure of the time you live trading.

Demo account will give you an idea about your knowledge and trading skilld you don't have to risk your hard earned money in the real account,...

There are lots of advantage of Forex market with practice on demo trading platform. Demo trading is like greatest opportunity. With the help of practice on demo trading account people are permit and perfect to trade on Forex market. Demo trade is the mirror of real trading account. Without demo practice trader are disable to trade here. It is also biggest learning platform. my broker give this demo avvount and minimal deposit $10. my broker is TenkoFx

i advise to new trader that without knowledge and experience you cannot get success in forex. so first learning then earning. new trader should must do more and more practice in demo. control you emotions because emotions are enemy of forex trading. Afterthat, you can use a free capital from broker like $5 cash rewards from FBS

In my view the best tips for beginners in trading is to be focus on the task and never get greedy or impatient, if we do that then we will struggle, so that’s why it is so crucial that we do basis right and that will definitely help us to trade better, I am able to do basis things really well thanks to OctaFX broker and their low spread of 0.2 pips for all major pairs, it’s a really great option to have especially in any market situation.

Some tips are very beneficial for beginners is to try to trade using small capital first. By trading using small capital will allow us to trade with the maximum. and trading with small capital then we can train with a good trading psychology. With the rise of psychology will help us to improve the results of this well forex trading