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Newbies should make a proper plan


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It is not easy to make profit for newbies. It takes time to gain knowledge and skill. I recommend to trader in demo account for 5-6 month before investing money. After that If you ae confident then go for the real investment. I am also a trader. I am trading with Eurotrader. My broker helps me lot in my 2years for trading journey.

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7 hours ago, Nilde Lucchese said:

It is not easy to make profit for newbies. It takes time to gain knowledge and skill. I recommend to trader in demo account for 5-6 month before investing money. After that If you ae confident then go for the real investment. I am also a trader. I am trading with Eurotrader. My broker helps me lot in my 2years for trading journey.

Those traders who are Newbie traders will have to understand that the risks in their trading can be more.

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  • 1 month later...

To become successful the easiest way in Forex market is to trade after completing the learning process and trade professionally. So, we need to ensue this two things must if want to become a successful Forex trader. From my reliable broker Tpglobalfx I have full trading support including educational to instant market execution systems. I learn from their free video tutorial classes. And their expert assistance help me to overcome my mistakes.
 

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Low spreads is one of the most important elements of trading. The broker who gives low spreads are basically well known to the traders. Specially the newcomers and the low investors rely on the low spreads broker. I usually trade with Forex4you, which provides low spreads starting from 0.1 pips. Their spreads don't change much. So, it is very much pleasant for me to trade with them.
 

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The demo account is the best way to learn and develop your trading skill in the forex market. However, demo performance is often better than live performance. It will not give you the same result due to emotion. Demo traders lack emotion because of virtual money. In real trading, traders fell to all kinds of negative emotions.

So, I better to control your emotion. I am taking Forex4you free educational courses to control my emotion. This is the best broker I have ever seen. They always help me to make consistent profit from this market. They are very reliable. They provide 24/5 customer support to their clients. 
 

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In Forex trading, leverage means that traders can have a small amount of capital in their account to control a larger amount in the market. Traders can trade big and can earn more money than they have. Forex leverage is the amount of trading funds that brokers are willing to lend. Many brokers like TP Global FX offer high leverage in the market.
 

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9 hours ago, Ross Edwards said:

In Forex trading, leverage means that traders can have a small amount of capital in their account to control a larger amount in the market. Traders can trade big and can earn more money than they have. Forex leverage is the amount of trading funds that brokers are willing to lend. Many brokers like TP Global FX offer high leverage in the market.
 

We must make use of the Lower Trading Leverages in doing our trades in the markets.

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  • 1 year later...

Our newbies suffer a lot in making better trading plan, which works as a hurdle for them. They should nurture a jolly mind and earn knowledge more and more. Otherwise, you won’t find satisfaction even if you earn millions of dollars.Eurotrader allows all investors with a whopping 111% deposit bonus.

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That's right, I completely agree. For beginners who are new to forex trading, it's best to take advantage of the demo account facility, so that traders can not only learn about forex, but also prepare everything thoroughly, so that trading can be better and profitable with Tickmill broker.

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  • 7 months later...

This practice of over-trading should be deducted to attain trading success; otherwise trading success will become a mirage for traders. Limit your trades to make profit on average. Over-trading reduces your equity gradually. FXOpulence provides a free demo account with two live accounts including ECN and Classic.

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Newcomers to trading should prioritize creating a well-thought-out plan. This plan should encompass their goals, risk tolerance, and strategies. Planning not only helps navigate the complex world of trading but also instills discipline and a clear path toward achieving success in the financial markets. When choosing a broker, consider platforms like Inveslo, which can provide valuable support and tools for your trading journey.

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For beginners who are just entering the world of forex trading, it is indeed advisable to make the most of all the facilities provided by the broker. This is highly beneficial for gaining knowledge and understanding of forex, so that traders will be better prepared for trading on a real account with the Tickmill broker.

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Absolutely, newbies in forex trading should create a well-thought-out trading plan. This plan should include clear goals, risk management strategies, and a defined trading strategy. It's like having a roadmap that helps you stay disciplined and avoid impulsive decisions in the fast-paced world of forex trading.

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