Hi all,
I've just started to learn to invest in Forex. This is a good way to earn money if we well understand about trading, tools, and strategies in Forex. As a newbie, I follow instruction, create a demo at fxdialogue because it is said that the best way to learn Forex is open a demo account. A demo account helps me understand Forex better. Alike any other newbies, I still have not much experiences. Therefore, I create this thread to put advices and experiences in. Obviously sometime advices cannot be correct for 100 situation, but it helps us gain experiences. I really appreciate your advices, and experiences. Post them in, so we can make this thread become collection advices for beginners.
I start first, and if there is something wrong, please notice
1. As I said above: "Never start Trading without FIRST using a*DEMO Account".A Demo Account allows you to become familiar with trading procedures, such as placing Market, Stop and Limit orders without any risk. All dollar losses or gains in a Demo Account are imaginary but the
2. Start with basic trading knowledge. There are some people invest without knowing what they are doing. It's the worst thing human have ever made. We don’t need to have MA degree, 'cause even MA will lose sometimes, but we've better knew deeply about what we will do.
3. No one cares about your money as you do. Take 100% responsibility and never wait for brokers to take your responsibility. Brokers do not always show a potato as it really is. You have to know what they tell you are true or not.
4. Don't forget your discipline.Anyone can learn the basics of the trading game. Sadly, most of us will fail because of a lack of self-control, not a lack of knowledge.
5. Don't chase the crowd.Tune out the groupthink and dance to the beat of your own drummer. Get out of the chat rooms and off the stock boards. This is serious business.
6. 5 Ways To Identify Fake Forex Broker Reviews
I've just started to learn to invest in Forex. This is a good way to earn money if we well understand about trading, tools, and strategies in Forex. As a newbie, I follow instruction, create a demo at fxdialogue because it is said that the best way to learn Forex is open a demo account. A demo account helps me understand Forex better. Alike any other newbies, I still have not much experiences. Therefore, I create this thread to put advices and experiences in. Obviously sometime advices cannot be correct for 100 situation, but it helps us gain experiences. I really appreciate your advices, and experiences. Post them in, so we can make this thread become collection advices for beginners.
I start first, and if there is something wrong, please notice
1. As I said above: "Never start Trading without FIRST using a*DEMO Account".A Demo Account allows you to become familiar with trading procedures, such as placing Market, Stop and Limit orders without any risk. All dollar losses or gains in a Demo Account are imaginary but the
2. Start with basic trading knowledge. There are some people invest without knowing what they are doing. It's the worst thing human have ever made. We don’t need to have MA degree, 'cause even MA will lose sometimes, but we've better knew deeply about what we will do.
3. No one cares about your money as you do. Take 100% responsibility and never wait for brokers to take your responsibility. Brokers do not always show a potato as it really is. You have to know what they tell you are true or not.
4. Don't forget your discipline.Anyone can learn the basics of the trading game. Sadly, most of us will fail because of a lack of self-control, not a lack of knowledge.
5. Don't chase the crowd.Tune out the groupthink and dance to the beat of your own drummer. Get out of the chat rooms and off the stock boards. This is serious business.
6. 5 Ways To Identify Fake Forex Broker Reviews
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