No retreat, No surrender

Discussion in 'For novice traders' started by Thuto Tuki Baori, Oct 23, 2017.

  1. Tengkorakfx

    Tengkorakfx Active Member

    Well, the more you are into Forex trading, the more you can understand of why and how the price move. expect years of experiences to understand the market movement itself.
     
  2. liafatlouie

    liafatlouie Member

    Of course, practice makes perfect. I have to learn a lot if I want to be successful in the forex business, see the market that changes every day.
     
  3. broforex

    broforex Member

    Success in forex trading also takes time, patience and lots of practice. This is why not many beginners succeed when trading forex on their first try. In fact, popular trading discussions estimate that only 2% of novice traders end up making money.
     
  4. liafatlouie

    liafatlouie Member

    Patience in waiting for the moment is difficult for novice traders. He wanted to make a transaction quickly and make a profit. Even though forex needs accurate analysis and the right moment if we want to profit.
     
  5. Tengkorakfx

    Tengkorakfx Active Member

    It's better to wait for better opportunities rather than rushing on every single of them when you have to deal with random chances of risks. Better to take the most calculated ones in order to make your account survive longer.
     
  6. liafatlouie

    liafatlouie Member

    I will remember well, Sir!
    Instead of experiencing big losses, it is better to wait patiently for the right moment when trading.
     
  7. Tengkorakfx

    Tengkorakfx Active Member

    Yes... Better yet, look for some community with the same technical analysis you're having by now so that you can look for better opportunities not only by your own sweat. Just make sure they welcome you as a trader too.
     
  8. liafatlouie

    liafatlouie Member

    Well, it seems very interesting to follow the trader community.
    Thank you for the information.
     
  9. andengireng

    andengireng Member

    Face it, even if you Know that the forex market never sleeps, we can't guarantee that the price will move sharply all the time 24 hours. There are times when the movement is relatively quiet or the price moves in sideways conditions without direction, and it can be boring waiting for signals from our trading system to appear.
     
  10. broforex

    broforex Member

    Yes, so many trader community or groups, you have to join them to learn a lot from other trader, it must be fun and you will be better and better.
     
  11. liafatlouie

    liafatlouie Member

    Yes, You're right. I can learn and apply a lot of knowledge and experience from other traders.
     
  12. broforex

    broforex Member

    What is the point of trading if there is no account to trade? One of the common mistakes novice traders make is that they venture deep into the trading pool without bothering to learn how they can avoid sinking into losses.
     
  13. liafatlouie

    liafatlouie Member

    Sometimes beginners also want instant profit so hand over money to unknown persons to trade and end up losing their money being taken away.
     
  14. broforex

    broforex Member

    It takes a long time to understand the ins and outs of the forex market. So while gaining experience and increasing trading skills, an attitude of never giving up is always needed.
    As long as the learning process continues and the amount of risk taken is still normal, the pain that occurs during the process will not have a bad impact.
     
  15. JamesDourb

    JamesDourb Active Member

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  16. liafatlouie

    liafatlouie Member

    For novice trader, we must learn a lot firstly by reading some tutorials. Try to be consistent in pips. There is a proper guide for learning Forex for the traders who are particularly beginners. And try to join a broker and open a demo account. But you will learn what you need to do in the tutorials and try to participate on this forum especially Newbie Tips so you can learn more.
     
  17. broforex

    broforex Member

    As a new trader, you should be more active and learn everything about forex, I know it is tiring, but when you have mastered all of forex tricks, you will be happy and you will earn passive income.
     
  18. liafatlouie

    liafatlouie Member

    Good efforts will be proportional to the results obtained. So traders do have a lot to learn and practice.
     
  19. broforex

    broforex Member

    For now, EURO currency (EUR) is drop, so there is so hard if we want to make some deposit, I think I will wait until EUR will normal again, I can't wait for it. I want to use my new strategy to success in forex.
     
  20. liafatlouie

    liafatlouie Member

    This week got good gains on the EURUSD currency, the most important thing is to continue to learn analysis
     

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