New to Forex Trading

[Xwell]

Those who decided to start their trading in this area, study the information as much as possible and what you got from practice on a demo account

 

[Lokom]

For a beginner, the most important thing is to figure it out gradually and not to rush

 

[naturecumforexlover]

For a beginner, the most important thing is to figure it out gradually and not to rush

True! If you will do hurry, market will take its time to push you back.

So better, step into the forex trading with proper gear, I mean knowledge!

 

[Nealeliff]

Go 1-minute-15-minutes and the maximum pairs I’d suggest for you should be 2-3 and all majors.

 

[Oghmaron]

Of course, it is better to choose yourself and the main topic and focus on it, then you can really reach a good result

 

[Marvini]

Newbie if you are in front of a good broker for trading will be able to quickly join the process

 

[Onra]

 

[kroxobor]

I use SL 35 pips and most of my positions close at a loss, do you use a higher stop loss? The topic of Forex is very extensive and it takes a long time to understand everything:/

Depends on volatility for Asian sessions I use tight stop loss and it works better, try to incorporate volatility data in trading if you want to avoid frequent triggering of stop losses.

 

[kroxobor]

Basically, what a newbie should not do is to make a mistake with a broker, and on the recommendation of a friend, I started cooperation with Expertoption, and I really liked it, the minimum deposit is only $ 10.

Better to start with properly regulated fx brokers which have FCA or ASIC regulation like Hotforex, Tickmill or Exness. You will avoid a lot of problems trading with regulated brokers.

 

[Esha.J]

Exactly, instead of going for the alluring offers of bonuses by the non-regulated brokers, you must go for the offers provided by the regulatory ones as your money will be more secure there.