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Thread: novice traders

  1. #1
    Abu Salam is offline Banned
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    Default novice traders

    Generally, novice traders should start from basic level! According to my personal experience, BabyPips School is a good place for start with! Besides, new traders need to open a demo for practicing purpose! Demo is the most decent way of Forex learning.

  2. #2
    Fin Candy is offline Banned
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    mostly traders consider Fx as a scam, Fx not Scam , the traders activity looks always scam, they take it as a Casino and try to bring more profit within very short time.*

  3. #3
    Burgy is offline Junior Member
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    New Traders already know that they need to learn. They also know that they cannot risk their hard earned money as amateur traders. So the best place to start is on a demo platform. Youtube videos on Forex can also help them.

  4. #4
    andengireng is offline Banned
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    For Novice traders, my advice is...

    You have to choose the right broker, because you will deposit some money to your broker.

  5. #5
    Angel candy is offline Senior Member
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    New traders always focus on learning about Forex and work on demo account so that he can understand the real market then he should move to real work.

  6. #6
    FTS
    FTS is offline Junior Member
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    For sure, learning process is extremely important for newbie traders. In fact, proper learning process is much more important than earning money. Most of the traders wouldn`t be able to generate profit during the first year of trading, so they need to be able to be consistent on low sizes first. Only after being consistently profitable duting several months in a row trader could increase size.
    It would be also very useful for novice traders to find other traders to exchange with their ideas and opinions and share their experience. Working in a group they are more likely to reach significant results.

  7. #7
    Nikolas is offline Junior Member
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    Working in groups, even online trading chat groups can significantly boost the learning curve and the results of a novice trader. Most traders underestimate the need for proper training and directly start betting their entire capital which can be very dangerous to their trading career. Fully agree with FTS that anyone who is new to the trading game should learn and practice at least several months with very small, I can say even minimal required capital and minimal trade size, and only when they see some kind of consistency in the results can increase their position sizing.

  8. #8
    Angel candy is offline Senior Member
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    Many traders do not understand that what should they actually do because there are many suggestions. But the fact is, first is study and education about the trading.

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