What is the most important thing a beginer should learn ??

[NVP]

Some interesting posts on here, from someone who used to trade for a prop house of old the amount of traders who could profit on demo and collapse on live accounts was immense. It took me 10 years plus to be consistent my own study blown accounts, over trading to the point of gambling I’ve done it all and believe all successful traders have to go through it to progress and find a style that suits them. I have a target 100 ticks a week and I’m out screens turned off and I forget about trading until the following week. It suits my personality although it may not suit others.

10 years sounds about right ....by the time I was posting here regularly at t2w I was about 8 years into forex .....it takes a while to get consistently profitable

N

 

[NVP]

It will never stop being risky. The question that needs to be answered is whether or not you can handle risk under pressure. The sooner you find out the better.

No risk no reward ......

 

[bha1]

I think the most important thing that beginners should bear in mind is that forex is not a way to double your money in a few days or so. It requires a lot pf patience and practice to able to generate profits from forex.

Wise words

 

[Happy2trade]

Beginners should first learn to trade on demo account and then jump into live trading.

Demo trading is certainly very important this step shouldnt be skipped at all. I still use demo account to backtest my strategies.

 

[wmram]

Forget about looking for quality trades. The entities that you are trading against are in the business of seeing to it that do not see those quality trades. Intraday trading is largely about trapping and holding volume. Want to make some money in the world of short term trading as apposed to investing or active investing ; learn how to tell whether or not you are about to enter as a result of a lure to trap volume or the beginning of a substantive move. If you can't do that, get yourself a decent boundary indicator something reactive without being too reactive and play a numbers game.

 

[Henow1969]

A beginner should learn before the start and after learning he must do some practice with the demo account. A demo account will be helpful for him to get a good experience, which will be helpful for real trading.

 

[FX-PIP]

Most important thing in trading is emotional control and Risk Money Management
All other - not so important

 

[Simionluca]

Most important thing in trading is emotional control and Risk Money Management
All other - not so important

How do you manage to control your emotions when you know you are not doing well in trading?

 

[mpups]

How do you manage to control your emotions when you know you are not doing well in trading?

Whether you are doing well or not, I don't think you "control your emotions" as such - you try to eliminate their influence on your trading.

 

[hatemypips]

Whether you are doing well or not, I don't think you "control your emotions" as such - you try to eliminate their influence on your trading.

Correct, you remove or add triggers depending on what behaviour you want to get. Working with cause is always better than treating a symptom.

 

[IceThor]

Strategy

 

[MJ7896]

Sound risk management techniques!

 

[0FXTrader0]

Learn to deal with setbacks, have positive psychology and don't believe there is a holy grail.

 

[kevinberry]

Start with clearing your basics and then move to more complex concepts. You must also give demo trading some time so that you can put your knowledge to the test.

 

[mpups]

For me, the most important part is getting knowledge about trading platform/broker. I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me to choose the right broker. I searched a lot of sites in order to find smth good. I also spent a lot of time looking for a broker and accidentally found this site Finarm, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights.

Thank you for taking the time to promote your affiliate links on T2W 😘

 

[NVP]

patience....you wont make it unless you slowly build up experience and knowledge......im now over 20 years specialising in forex and learn new stuff every day ...

 

[Farm Yard Forex]

Discipline is the cornerstone of anyone successful in trading.

 

[No Quarter]

Stick to your strategy for at least 3 months and record the results. Not just the development of your $, but the points it earns (or not). After each week, spend an hour analyzing what went well and what didn't. Believe me, you will learn a lot...

 

[FerarriBit]

In March 2021, I created a so-called "portfolio of the future" on my own, in which I invested $50. I used that amount to buy 13 undervalued cryptocurrencies, which were worth less than $1 at the time. But in the five years ahead, I expect a completely different value for the coins. Thanks to the help of the guys at crypto gateway you can learn a lot, including that the cryptocurrency wallet is accessible 24 hours a day, so withdrawals can be made at any time.

 

[Jungletrader]

Patience pays let the market come to you so to speak.
If you miss a trade fear not plenty more opportunities abound don't trade for the sake of it