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  1. #1
    Senior Member shere0901's Avatar
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    Default What is a beginner could do for first time trading

    what could do a beginner for first tome trading and how and where ho could get training and help for forex....

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    Investor CahCuncun's Avatar
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    Beginner must learn first before trading. Without learning, surely, they will not be able to get maximal result in forex trading. They should use demo account first to educate themselves and prepare themselves before start trading in forex. Use real account with minimum deposit too because psychology also must be learned.

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    Senior Investor Uncle Gober's Avatar
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    Quote Originally Posted by CahCuncun View Post
    Beginner must learn first before trading. Without learning, surely, they will not be able to get maximal result in forex trading. They should use demo account first to educate themselves and prepare themselves before start trading in forex. Use real account with minimum deposit too because psychology also must be learned.
    Yeah, demo account is good for traders who are new in forex. They can get trading experience using demo account and it will help them when they use real account. I think they also should try trading using real account to test their psychology, because when we trade using demo account, our psychology is not be honed, in fact they are traders who are failed because they did not have good psychology. 15 EUR welcome bonus from Armada Markets also can be used.

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    its better for a beginner to open Demo account get in touch with the market behaviour, and he should learn about different aspects of the market while trading....

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    The best thing a new comer could do while starting trading for first time is to have right plans and strict money management, it is going to make sure that we don’t lose, if we don’t win then it’s okay but at least it will save us from losing. I am using OctaFX broker with their supportive system which includes the giant 50% bonus, so this is an addition ideal for new comers to boost the money management plan that we create!

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    Senior Investor Rahul247's Avatar
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    I think first thing is education and learning of the Forex Market, so traders need to first of all educate themselves and then chose a good Forex Broker for better results.

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    When I was first timer, I made mistake of over-trading and that was mainly down to excitement, so I will say the best thing new comer do is practice on demo account and get use to trading. Once we are settled in trading than we could move towards real account which will help us keep control of the nerves and currently I have followed this way only with help of OctaFX broker especially with their cTrader demo contest where there is huge prize up to 400 dollar to be won.

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    In my view when we are just starting out, it is best if we focus on getting the simple factors right and that includes strict money management, it is something that always do the trick, so that’s why if we are to be successful then having correct money management is way to go. Right now I am getting it all perfect with help of FMbinary.com Company which provides one of the largest bonuses amongst all binary brokers and that’s up to 100% on deposit!

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    The best thing beginners could do is to create one proper strategy to follow and to practice is regularly on demo till there is some sort of perfection into it. I don’t need to face dull demo because I have highly attractive 200 USD free welcome bonus offer available with Nova FX broker, it is a very powerful company with having this feature, so that really helps me prepare well and allows me to be successful easily without much trouble at all.

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    Quote Originally Posted by Billy Prince View Post
    In my view when we are just starting out, it is best if we focus on getting the simple factors right and that includes strict money management, it is something that always do the trick, so that’s why if we are to be successful then having correct money management is way to go. Right now I am getting it all perfect with help of FMbinary.com Company which provides one of the largest bonuses amongst all binary brokers and that’s up to 100% on deposit!
    Yea when we start trading we try to over do things and try to do many things at one time.

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