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Thread: how to start
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06-27-2013, 11:25 PM #1
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how to start
Where to start
Where to start, help! What is necessary start-up capital? What DC is less reliable. I hope for your answers! Thanks in advance
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06-28-2013, 03:41 PM #2
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Here is some advice:
Do not count on help from above when trading in the market.
Take your time with the definition of market highs and lows. Provide the market to tell you about it.
. If you use another person's idea, use it from the beginning to the end.
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06-28-2013, 05:11 PM #3
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@solo2000,
Coming to the issue on how to start trading, it is important the trader or the newbie realizes that starting small is to his advantage. And that has to do with the level of investment of the trader. Personally, I will advise that a trader would invest not more that 25-100 dollars, so that if by chance his skill is not good enough to make him consistent profit, the loss he would make will not hurt him so much. So, investing small, and using it as a check on his performance, is one of the good ways to start trading.
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06-30-2013, 10:26 PM #4
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Start is very difficult, if you make a good start then you will gain a good result. So, lets start with learning from the basic of forex education. Those will give newbie a strong foundation and understanding forex very well at earlier time, before it too late. Forex have a lot of advantages if we can start in a properly method. Do not eager or greed for big money here.
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07-01-2013, 03:30 AM #5
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@topman,
I agree with you. The mode at which a trader starts his trading career, determine how soon he will become successful. A trader who is not yet convinced on how to start, should just go straight to the demo account. The demo account is a pool of resource where any trader can upload lots of ideas and wisdom, in order to trade safe and thrive in his forex trading business. Starting point, help to determining the earning point. If the starting point is strong and good, the earning point will be great.
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07-01-2013, 03:24 PM #6
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For a new trader there is no capital requirement you can take start with any amount and can experience forex trading but when you get hands on trading there you need to invest reasonable amount that can earn you some reasonable profits. You need to make your target accordingly and always plan your trading this will make trading easy for you.
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07-01-2013, 07:44 PM #7
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The start capital investment varies from trader to trader depending upon their risk appetite. Thus, the traders should always try to invest some decent amount of money in the forex market which they can afford to risk because of the extreme possibilities which may happen while trading in the forex market.
I would suggest that better to start with anything above $500 if you have good knowledge regarding the forex market and want to earn decent income by trading in the forex market. I started with $200 during the start of my trading career which was not sufficient for me because of my own mistakes which led to losses.
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07-02-2013, 08:10 AM #8
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Personally, I have always preferred anyone coming into the forex trading business to start from the aspect of demo trading. Usually anyone who makes a start from it, and does it sincerely and patiently, always come out good and successful. And the demo trading also has a way of building patience, determination and discipline in the mind of the trader. So, the demo account is the best way to start trading no matter what other people or forex marketers are saying based on their selfish motives and interest. Whoever starts with it, will definitely have a positive testimony to share at the end of the day.
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07-02-2013, 01:48 PM #9
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To start trading the forex market , first you have to have a positive mind set in the market , believe and have passion that this business works and that is the only time you will be able to work hard and do all it takes to make money in the market .
proceed to learn , you can learn on-line or offline , but a strongly recommend offline learning with some one good in the market , demo trade a trade strategy and then start your own live market
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07-02-2013, 02:56 PM #10
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The first step to enter in this business for beginners/newbies start from the Demo account which used for practice, experience, and also gaining the knowledge. This account works like the real account but some difference has occurred in it. The demo account is the best teacher and further for enhancing the knowledge skill the trader should consult the websites and e books for increasing the knowledge. This is very important.
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07-02-2013, 03:41 PM #11
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Starting off from the demo accounts is very much good for the traders so that they can learn the trading without having to waste their own real money at the starting. But not all traders have patience to demo trade for longer period of time because they just want to jump into the real account trading for making money instantly. This approach of the traders should be avoided for their benefit.
Thus, the traders should demo trade first and then when they have gained the confidence of obtaining consistent profits they should test their skills on real account with the money they can afford to lose.
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07-02-2013, 10:09 PM #12
Местный
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why you look for where and we have demo for training and practice ,every one can trade on demo as he want and use all the systems on it to choose the good .we can using robot or using manual on demo beside that we must use the same account we will invest it on real because demo give big capital and this capital make us not trading quality but playing with lots so if we start with 200 or 300 as capital we will learn how to survive and save our money
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07-03-2013, 01:20 AM #13
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Its has become a lot easier now than before to learn and start trading Forex. Previously we needed a large start up capital to start Forex trading and also learning Forex was not free. However now we can start trading Forex with as little as a $.
Also learning Forex has become a lot easier. There are several sites which offer us free training and courses to learn Forex. Forum sponsored by rvdmarkets not only provides us a platform to learn Forex but also rewards us with a generous bonus which we can use for trading.
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07-03-2013, 08:29 AM #14
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For forex trading,capital is not much important.DEMO account is helpful for forex trading.It is not easy to start but one can earn enough money from here.One needs to have minimum knowledge to start forex trading.It is an open marketing area.Any one can share his opinion,views,experience etc.
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07-03-2013, 10:22 PM #15
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How to start?
You have to start from the most simple thing, you should start by learning basic, you have to start with a demo trading. That's three things I suggest to you. Do you make yourself complicated by finding a HolyGrail system, as I'm sure it's nothing, you're just wasting your time in finding a system. First you need to understand the characteristics of the market very well. Like a warlord who want to fight against enemy forces, you must learn the power of the enemy, you have to learn the battle field. Thus you will know your enemy's weakness.