Forex Newbie seeking advice

[Agynary]

As a forex newbie, you must not rush things. Let the information sink in. Take as much time as you need to develop an understanding of the market and plan before you use it. Planned moves will give you time to adapt to the market changes more easily.

 

[Berserker]

Learn to keep patience. Keep a trading journal so that you know where you need to improve. Try different strategies and learn to grow. Avoid shortcuts and stick to your trading plan.

 

[Mesology]

Every newbie wants to conquer it all. But it’s a mistake to think that the traders who have been in the market have been sitting on their hands. They have had a hard time trading and the uncertainties of the market are still there. You better think before you do anything.

 

[Citigrade]

Honestly speaking there's not a single way to grow money fast. Forex reaps rewards only when you’re experienced and knowledgeable. If you’re looking for any shortcut to make money then forex won’t work for you. Often novice traders want to take a shortcut but end up losing their money. Remember that forex when traded with a proper blend of strategy and patience can make you successful.

 

[Siphonic]

The earlier you would expect to make profits, the earlier you will lose your money. Start with a small account but don’t expect it to get you a big profit. You have a long journey to take and it would be best if you control your emotions.

 

[Chorology]

It’s good that you are here to make money but don’t make that the sole purpose of trading because it won’t let you learn and you will leave before you reach consistency. Learn to retain all the important market lessons so that you know how to behave in a certain situation.

 

[Quibble]

1. Do not withdraw from your account
2. Gain live trading experiences
3. Avoid overtrading
4. Set your risk per trade.
5. Learn from your mistakes

 

[Angiosperm]

As a beginner I don’t think of making money so soon. I believe your account grows gradually as you gain experience. Improve your trading abilities and knowledge. Manage your risks and adjust your trading strategy based on current market conditions. Forex trading research is true. If you take this technique, you may make a lot of money from your trades. But have faith and patience, don’t look for shortcuts. Forex trading isn’t gambling.

 

[Clydiinho]

Hi everyone.
I need advice on how to grow a small account quickly.
Thanks

you get any help? ive blown 3x small accounts

 

[Andile Roshal]

Trade news or put big lots.. And prepare for losing money fast

True

 

[Macromania]

Rushing in your trading career won’t get you close to your wins. It will instead take you away from what you want to achieve. Forex trading is a great career only if you can do it well. So, consider moving ahead step by step so that you are not doing anything beyond your understanding.

 

[Hipparchy]

The right way is as important as the goal you want to reach. Don’t expect your small account to start bearing fruit for you soon. Take time to grow and find ways to stay in the market for long because haste often makes waste.

 

[InnerMarshal]

Everything will go fine once you are in the process. Expecting to trade perfectly from the start will not give you the results. Let mistakes happen, and do not focus on them in a negative way (if they make you feel bad, pay attention to something else until you find yourself in a better mood).

 

[Andile Roshal]

True

What kind of an advice is that

 

[Andile Roshal]

Rushing in your trading career won’t get you close to your wins. It will instead take you away from what you want to achieve. Forex trading is a great career only if you can do it well. So, consider moving ahead step by step so that you are not doing anything beyond your understanding.

Loud and clear

 

[Fin_Trader]

In trading, consistency and the ability to analyze the market situation are important. Therefore, first of all, you need to move towards creating your own trading strategy, which can show when and under what conditions you need to make transactions, and when you need to wait. Without such a strategy, there will be no chance of making money on Forex and all trading will lead to guessing exchange rates for luck.