Newbie in trading

Community Introduce Yourself
1

Hi im new here hope to learn a lot about trading. Thanks!

1 Like
2

Welcome to the club!

3

Welcome @CatzLi! Enjoy your stay here.

4

There are many traders with careers and very intelligent who lose their money, instead people without studies who follow their system to the letter without contemplation do better. If you allow me a couple of tips:

  1. Do not spend much money on training. The courses that sell some super expensive gurus won’t help you. Invest something but little money if necessary. I tell you from experience.

  2. Get a trading system that gives you the guidelines of when to enter and when to enter the market. A system with which you are comfortable and practice it with discipline to see that it gives you good results. Keep your operation well annotated in a trading notebook. Write it all down daily, results, feelings, and why you entered and left the market.

  3. Choose a broker and a platform that allows you a simulation account to practice your system for as long as you need without being asked for money for it. There are brokers that have hardly any commissions and are free to simulate your system in real time. Practice it in simulation for at least 3 or four months until you see that it gives you long-term results.

4 If you are starting, you better not invest a lot of money to start with your real account. Start from the minimum because in trading you learn losing money. So lose as little as possible. There are brokers that allow you accounts with minimum amounts ideal for your beginnings.

The results in trading are exponential. They grow with the same effort increasing the risky amount. Start with a small account that doesn’t hurt if you lose your money. It is better to see that your account is growing little by little and at the same time it grows you can increase the risk to obtain more benefits.

5

right place for the traders who are above all newcomers. so enjoy your stay.

6

welcome Dear , keep focus and be patience. remember there is no short cut of learning in Forex trading.

7

nice message you have provide , really no way to bring profit from here very rapidly.

8

Welcome for choosing this Forum.

9

Welcome to bp @CatzLi! You came to the right place for learning. :blush: