Thread: NEWBIE Tactics!

Short or long positions don't affect in losses or gains. You can make or lose money with both. You can do the same like me by trying it in DEMO accounts, particularly I favor the brief ones, it seems that the trader learns faster along with his strikes and wrongs.

Using a demonion, although would suggest the same. .

One thing for sure, to get new comers that the best thing to do is keep trading presentation and keep on studying, I know that it can be annoying as you will not be earning any money doing deo, but thats the first step to avoid falling with at the 95% of traders who failed.

Yes trading that the trend is okay, I also recomend that you try different trading systems, different trading methods, and try them out on demo, slowly you'll have a good picture and you'll have the ability to produce your own trading method/system which suits you. and best of luck.

Originally Posted by ;

Hi Guys

As a newbie here I was wondering what advice more experienced traders could contribute to a FX newbie? ...

Common Guys get real!
I am amazed that account size hasn't yet been cited as applicable to time frame traded.
From my limited experience, it would appear that blindly trading TFs state 1Hr and above with a minimum account of about $250 will be quite unlikely to hold out against the typical drawdown that would happen.
This leads into the second vital fallacy. . .Demo accounts. Certain egies would be OK on demo, once the plogical part is completely absent. Could be very tough to sustain runs that are similar onto a live account.
So to me it would appear that using minimum lots on a live account will actually focus the mind and speed up the learning.
EP

Originally Posted by ;

Hi Guys

As a newbie here I was wondering what advice more seasoned traders could give to an FX newbie? From research I have done it would appear that trading the tendency is suggested for newcomers and to focus on the longer time frames as opposed to the shorter ones. Is this the ideal way?
Any thoughts or opinions valued.

Trading is wasting your time and money...

What do u guys think about my egy?

Subscribe to 10 free signs service. Try them on demo account to get a 2 months.
Following the 2 months. Decide on the top 3 most profitable signal service and utilize them live accounts.

Can somebody tell me exactly what the weakness of the egy?

Due

Originally Posted by ;

Yes I agree with the two, especially longer timeframes

Have a go through all of the sticky newcomer information here. Make certain you learn proper MM!

Best of luck on your trip

Mike

I agree with Mike, and continue using your demo for better practice.

Thats one way to put it, but it is going to just slow your forex expansion don't you think guys?

Originally Posted by ;

Hello Men

As a newbie here I was wondering what information more seasoned traders would give to a FX newbie? From research I have done it would appear that trading the trend is suggested for newcomers and to concentrate on the longer time frames instead of the shorter ones. Is this the way to go?
Any thoughts or opinions valued.

Yes I agree with the two, notably longer timeframes

Take a go through all the sticky beginner information here. Make sure that you learn proper MM!

Best of luck on your journey

Mike