Get tips for forex trading

[gregwilson1234]

I am looking for some good tips to learn forex trading. Please give me some idea.

Thanks.

[david_wood]

I am looking for some good tips to learn forex trading. Please give me some idea.

Thanks.

Hi,

First of all you have a special forum just for that- Newbie Island.
If you want a few basic tips, here they are:

1. Open a demo account. You must get experience, not just read tips. On such an account you can try and see what, from all you learn, really works for you.
2. Take your time. Only after a few months of profits on the demo account you may think of going live.
3. Do some research and find yourself a good robot. It will make some profits for you while you learn, and if you’ll analyze its positions you can learn a lot.

The most important thing to remember is that trading is 90% psychology (and 10% robots�). That means if you understand how most of the traders think, you can come with a strategy that take advantage of their weaknesses and mistakes.

[samuelp80]

Hi,

First of all you have a special forum just for that- Newbie Island.
If you want a few basic tips, here they are:

1. Open a demo account. You must get experience, not just read tips. On such an account you can try and see what, from all you learn, really works for you.
2. Take your time. Only after a few months of profits on the demo account you may think of going live.
3. Do some research and find yourself a good robot. It will make some profits for you while you learn, and if you’ll analyze its positions you can learn a lot.

The most important thing to remember is that trading is 90% psychology (and 10% robots�). That means if you understand how most of the traders think, you can come with a strategy that take advantage of their weaknesses and mistakes.

really nice advice guys…
I’m agree with your opinion, 90% is form of psychology. it can be implemented to the robot, so our work will more easy…
I’m always trade using robot and have ripe hundreds dollar from Liteforex broker…