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3 Tips for beginners starting Forex

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3 Tips for beginners starting Forex in Forex Education_xx
3 Tips for beginners starting Forex

 I am still a beginner but I have a suggestion for friends who want to start forex. Some of the following forex trading suggestions can help eliminate doubt in starting forex. 

1. Limiting Risk The first forex trading advice for friends is related to many things, for example the amount of nominal you deposit and the amount of Stop Loss determined. Try to make your deposit amount a loss that you can tolerate. you should not use daily necessities. One thing to remember, the tolerance limit between one trader and another trader is not the same. 
As a beginner trader, you can try with a 1-3% risk measure first. If after trading several times then you feel the size of 1-3% is too heavy, do not get carried away with emotion and finally without good management you will continue to lose money. 

2. Stop Loss 
Required for beginner traders, the next forex trading advice is to pay attention to Stop Loss. Because if you don't pay attention, the loss will continue. Even senior traders always use stop loss. 
As good as any analysis and as sophisticated as the trading strategy used, you must still determine Stop Loss as early protection. 

3. Don't Use Margin More Than 20% Per Trading 

Avoid doing Open Position using Margin above 20% is the second forex trading suggestion. In accordance with the principle of safe playing forex, use Margin below 20%, so that the rest can be used to hold losses (losses) when the price of the currency moves in the opposite direction you expect. 
As a beginner trader, you should not be too eager when you see a large potential profit, so you decide to install high margins. Forex trading is a transaction with High Risk High Return: the amount of profit is also proportional to the amount of risk. So you must be careful in determining margins. Do not let Loss and Loss 😊 

Maybe there are friends who want to add ? 

Linkback: https://www.forex.zone/forex-education/29/3-tips-for-beginners-starting-forex/1222/
#1 - February 10, 2019, 08:18:51 AM

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3 Tips for beginners starting Forex in Forex Education_xx
3 Tips for beginners starting Forex

I am still a beginner but I have a suggestion for friends who want to start forex. Some of the following forex trading suggestions can help eliminate doubt in starting forex.

1. Limiting Risk The first forex trading advice for friends is related to many things, for example the amount of nominal you deposit and the amount of Stop Loss determined. Try to make your deposit amount a loss that you can tolerate. you should not use daily necessities. One thing to remember, the tolerance limit between one trader and another trader is not the same.
As a beginner trader, you can try with a 1-3% risk measure first. If after trading several times then you feel the size of 1-3% is too heavy, do not get carried away with emotion and finally without good management you will continue to lose money.

2. Stop Loss
Required for beginner traders, the next forex trading advice is to pay attention to Stop Loss. Because if you don't pay attention, the loss will continue. Even senior traders always use stop loss.
As good as any analysis and as sophisticated as the trading strategy used, you must still determine Stop Loss as early protection.

3. Don't Use Margin More Than 20% Per Trading

Avoid doing Open Position using Margin above 20% is the second forex trading suggestion. In accordance with the principle of safe playing forex, use Margin below 20%, so that the rest can be used to hold losses (losses) when the price of the currency moves in the opposite direction you expect.
As a beginner trader, you should not be too eager when you see a large potential profit, so you decide to install high margins. Forex trading is a transaction with High Risk High Return: the amount of profit is also proportional to the amount of risk. So you must be careful in determining margins. Do not let Loss and Loss 😊

Maybe there are friends who want to add ?
Thanks you for sharing bro. This is really good advice for newbie in forex like me. 
I want to add about emotion in trading, like you should not greedy or dont be angry with market because of your loss and something like that
#2 - February 10, 2019, 09:20:26 AM

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Thanks you for sharing bro. This is really good advice for newbie in forex like me.
I want to add about emotion in trading, like you should not greedy or dont be angry with market because of your loss and something like that
yes we share knowledge, maybe with basic and trading tips for beginners can be made a good start to start tracking. nice addition of friends.
Thanks
#3 - February 10, 2019, 09:34:53 AM

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yes we share knowledge, maybe with basic and trading tips for beginners can be made a good start to start tracking. nice addition of friends.
Thanks

Ok bro, nice to have someone share his knowledge about forex for beginner
#4 - February 10, 2019, 10:32:47 AM

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thank you very much this is very helpful for me
#5 - February 10, 2019, 10:35:35 AM

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3 Tips for beginners starting Forex in Forex Education_xx
3 Tips for beginners starting Forex

I am still a beginner but I have a suggestion for friends who want to start forex. Some of the following forex trading suggestions can help eliminate doubt in starting forex.

1. Limiting Risk The first forex trading advice for friends is related to many things, for example the amount of nominal you deposit and the amount of Stop Loss determined. Try to make your deposit amount a loss that you can tolerate. you should not use daily necessities. One thing to remember, the tolerance limit between one trader and another trader is not the same.
As a beginner trader, you can try with a 1-3% risk measure first. If after trading several times then you feel the size of 1-3% is too heavy, do not get carried away with emotion and finally without good management you will continue to lose money.

2. Stop Loss
Required for beginner traders, the next forex trading advice is to pay attention to Stop Loss. Because if you don't pay attention, the loss will continue. Even senior traders always use stop loss.
As good as any analysis and as sophisticated as the trading strategy used, you must still determine Stop Loss as early protection.

3. Don't Use Margin More Than 20% Per Trading

Avoid doing Open Position using Margin above 20% is the second forex trading suggestion. In accordance with the principle of safe playing forex, use Margin below 20%, so that the rest can be used to hold losses (losses) when the price of the currency moves in the opposite direction you expect.
As a beginner trader, you should not be too eager when you see a large potential profit, so you decide to install high margins. Forex trading is a transaction with High Risk High Return: the amount of profit is also proportional to the amount of risk. So you must be careful in determining margins. Do not let Loss and Loss 😊

Maybe there are friends who want to add ?
I think that you mentioned all of that is part of money management, and in trading not just relying on it alone, psychology, mindset and strategy are also very much needed.
#6 - February 14, 2019, 12:58:17 AM

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I think that you mentioned all of that is part of money management, and in trading not just relying on it alone, psychology, mindset and strategy are also very much needed.
it's true that it's all money management, because in my opinion for a beginner the most important thing is that. if for analysis, indicators and others that are included for mid traders.

but if you want to add to this topic for further information please give us information about what strategy you are using.

So that this topic will grow and add insight to all of us.
#7 - February 14, 2019, 01:05:52 AM

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all that you mention is called wise money management and Money management which is money management which is not focused on pursuing property targets but focuses on the safety of trading accounts.

Margin on our trading account is our tool to get propit, without any margin trading it will not be able to open an open position, so this margin trading must be maintained as well as possible because only with sufficient amount of margin trading can we produce propit
#8 - February 14, 2019, 07:04:42 AM

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thank you for the advice and ways that have been shared, it will really help me
#9 - February 14, 2019, 07:18:09 AM

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3 Tips for beginners starting Forex in Forex Education_xx
3 Tips for beginners starting Forex

I am still a beginner but I have a suggestion for friends who want to start forex. Some of the following forex trading suggestions can help eliminate doubt in starting forex.

1. Limiting Risk The first forex trading advice for friends is related to many things, for example the amount of nominal you deposit and the amount of Stop Loss determined. Try to make your deposit amount a loss that you can tolerate. you should not use daily necessities. One thing to remember, the tolerance limit between one trader and another trader is not the same.
As a beginner trader, you can try with a 1-3% risk measure first. If after trading several times then you feel the size of 1-3% is too heavy, do not get carried away with emotion and finally without good management you will continue to lose money.

2. Stop Loss
Required for beginner traders, the next forex trading advice is to pay attention to Stop Loss. Because if you don't pay attention, the loss will continue. Even senior traders always use stop loss.
As good as any analysis and as sophisticated as the trading strategy used, you must still determine Stop Loss as early protection.

3. Don't Use Margin More Than 20% Per Trading

Avoid doing Open Position using Margin above 20% is the second forex trading suggestion. In accordance with the principle of safe playing forex, use Margin below 20%, so that the rest can be used to hold losses (losses) when the price of the currency moves in the opposite direction you expect.
As a beginner trader, you should not be too eager when you see a large potential profit, so you decide to install high margins. Forex trading is a transaction with High Risk High Return: the amount of profit is also proportional to the amount of risk. So you must be careful in determining margins. Do not let Loss and Loss 😊

Maybe there are friends who want to add ?

How about the size of the profit target? Because we aim to trade also to get profits. Is there an ideal size for profit targets for beginners like me. Thank you...!!!
#10 - February 14, 2019, 07:43:33 AM
« Last Edit: February 14, 2019, 07:54:46 AM by SilorFX »

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How about the size of the profit target? Because we aim to trade also to get profits. Is there an ideal size for profit targets for beginners like me. Thank you...!!!
of course there is. I suggest using RR.
RR = Risk, Reward. for example,

we have opened the GU position at the price of 1.28300. with distance taking is 50 pips.
Then SL = 1.28250
TP 1 = 1.28350
Tp 2 = 1.28400
Tp 3 = 1.28450

But for the determination of pips it is recommended to calculate from our capital.
#11 - February 14, 2019, 09:59:53 AM

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useful info for new traders like me

hopefully keep that in mind when going to transact:)
#12 - February 14, 2019, 05:27:48 PM

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yes we share knowledge, maybe with basic and trading tips for beginners can be made a good start to start tracking. nice addition of friends.
Thanks

thank you friend, this is a new science for me

hopefully you can understand it
#13 - February 14, 2019, 05:29:09 PM

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3 Tips for beginners starting Forex in Forex Education_xx
3 Tips for beginners starting Forex

I am still a beginner but I have a suggestion for friends who want to start forex. Some of the following forex trading suggestions can help eliminate doubt in starting forex.

1. Limiting Risk The first forex trading advice for friends is related to many things, for example the amount of nominal you deposit and the amount of Stop Loss determined. Try to make your deposit amount a loss that you can tolerate. you should not use daily necessities. One thing to remember, the tolerance limit between one trader and another trader is not the same.
As a beginner trader, you can try with a 1-3% risk measure first. If after trading several times then you feel the size of 1-3% is too heavy, do not get carried away with emotion and finally without good management you will continue to lose money.

2. Stop Loss
Required for beginner traders, the next forex trading advice is to pay attention to Stop Loss. Because if you don't pay attention, the loss will continue. Even senior traders always use stop loss.
As good as any analysis and as sophisticated as the trading strategy used, you must still determine Stop Loss as early protection.

3. Don't Use Margin More Than 20% Per Trading

Avoid doing Open Position using Margin above 20% is the second forex trading suggestion. In accordance with the principle of safe playing forex, use Margin below 20%, so that the rest can be used to hold losses (losses) when the price of the currency moves in the opposite direction you expect.
As a beginner trader, you should not be too eager when you see a large potential profit, so you decide to install high margins. Forex trading is a transaction with High Risk High Return: the amount of profit is also proportional to the amount of risk. So you must be careful in determining margins. Do not let Loss and Loss 😊

Maybe there are friends who want to add ?
I agree with your statement very much. basic for beginners in starting a trade must know MM.
what you mentioned is a way to manage good money management so that when trading everything can be controlled.
#14 - May 14, 2019, 01:46:34 AM

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Of course these three things refer to risk management and it is true that beginners should prioritize risk rather than target profit.
#15 - May 14, 2019, 02:38:11 AM

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