My beginners advice

[nehmer]

Watch first the news events before you are starting to trade again it is better that you are prepared to what the market will come and make sure that you are able to cut your losses when you see that you are loosing in forex its better for you to cut it rather than loose more here.

[learvy]

So mean for me. Waiting may helps you sometimes but too much waiting may lead you to bankruptcy if you cant monitor your open trades. Maintain stop loss and never forget it in all of orders that you have made. Accept your losses and never trade for a revenge.

[cash2cash87]

My beginners advice is to be patient with the markets. Never try to be ahead of the markets and always remember that a trader can never make all the money there is to make from forex in one day. Using a good money management technique and also implementing trading plans no matter the market conditions will keep a trader in favourable position to be profitable.

[luke1]

To watch the news, it is more talking about the Fundamental here. So anyway, Fundamental News is really important anywhere here. This is for every trader. Even the EA Robot can not stand with the fundamental news actually here. Many proofs already seen

[profitsbuzz]

I have only one advice, always have a stop loss. With that no matter how bad is the trade that go against you, your loses are limited. With that protection in place you would be able to trade another. If you do not have a stop lose, you might lose everything on a single trade. You would not want that to happen when you start your trade.

[r i d d i c k09]

To watch the news, it is more talking about the Fundamental here. So anyway, Fundamental News is really important anywhere here. This is for every trader. Even the EA Robot can not stand with the fundamental news actually here. Many proofs already seen

Fundamental analysis is really important to traders as always we do need both of them including technical analysis. As we cannot say always that fundamental analysis will work or maybe will not give us when it will impact the market so we do need to still have check technical analysis.

[ayushsrk]

My advice would be to control your emotions especially.There are many other ways for the beginners to learn forex.And there are also sites that teach you to learn forex in depth.And maybe sites like babypips will help.

[jumpingkid77]

All nw trader must learn to demo trade for at least 3 or 4 months after which they must arrive at a system that is consistent and is able to produce gains at the end of the day. If this is not achieved, the new trader will have to continue with the demo accounts.

[dollarscout313]

I say 6 months before making any attempt at the live accounts. Forex is not a free playing ground where mistakes by trader are overlooked. It is better for a trader to have a working system before making any effort to go live.

[onedollar232]

A new trader should at all cost learn to keep the risks very low. To do this, a new trader has to implement a good and realistic money management technique so that a trader does not commit too much money to one single trade.

[crazypavement56]

In making sure that he risk involved in trading forex is kept low, a trader should learn how to use a low leverage to trade. Using a very high leverage will only end up blowing the traders account in no time.

[flybiz08]

I do not condescend to the fact that a high leverage will always end up blowing a traders account but that is what it is in most cases. For a new trader who may not know how to properly utilize the leverage offered by the broker, its good to stick to the low leverage.

[prindra]

News is the most important thing for the forex trader.You can learn many more thing about the forex through news so to be the sucessful trader you must read the news.News cover all thinging for the traders.You will get what is going on and it will help in trading whether to trade and you can find tha actual time to trade.Any time anything can happen if we will not see the news so be regular new reader about the forex.

[frchowe214]

Watch first the news events before you are starting to trade again it is better that you are prepared to what the market will come and make sure that you are able to cut your losses when you see that you are loosing in forex its better for you to cut it rather than loose more here.

I think we have to made trades on different days and in different times during the year to expertise in this profession and be fully operational in Forex trading. If we only made selective trades or limited to days we can't be a good trader and not able to join Forex as a profession. So we have to seek many phases of market during a year and face the up and downs of the market.

[brokenblade]

Never trade more than you can afford. Understand that whatever potential you have to profit, you have that same potential to lose in the least. also, like others will say, pay attention to the news.

Manage your emotions before jumping into the market.

[frchowe214]

Never trade more than you can afford. Understand that whatever potential you have to profit, you have that same potential to lose in the least. also, like others will say, pay attention to the news.

Manage your emotions before jumping into the market.

Just want to say exactly as you said over here, we must concentrate on the news and feeds by different source and experts to make our decisions more precisely and also try to make safe trades on Forex channel.

[davidjss]

"1. If the markets aren’t really predictable, how come some analysts are still predicting? – K. A"

There are traders who say that their losing percentage in forex is higher than their winning percentage. Meaning, they lose a lot of times more than the times they win. But they still come up earning because they can control their losses. So, even if Forex is unpredictable, which may lead to more losses, you can end up earning if you know how to control things.

[ermaniso2011]

l want to also share a hint about news.most of just wait for the news to release and it is natural.but l think we have to also if what is expected for the news.we have to watch if it i expected positive or negative so that we will have an idea of possible direction.but still we have to wait for the results before deciding to open a position.

[frchowe214]

l want to also share a hint about news.most of just wait for the news to release and it is natural.but l think we have to also if what is expected for the news.we have to watch if it i expected positive or negative so that we will have an idea of possible direction.but still we have to wait for the results before deciding to open a position.

I think we should go to find out any latest news by ourselves, besides just waiting for it to be released. Because in my point of view, sometimes it was too late to get a news and then open a specific position on the base of that particular news. In Pakistan, out best source to get the latest breaking news on time about Forex is CNBC tv network. I must advise my fellow country mates to watch this source of media news as well.

[bucktaller13]

A forex beginner should not in any way depend on forex trading robots because these robots will make a forex trader not excel in his trading abilities as well as the trading experience.