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3 Tips for beginners starting Forex

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for beginners in starting forex trading, of course, they must be equipped with information like this. besic which must be known starting from MM, strategy, analysis etc.
#16 - May 14, 2019, 08:57:50 AM

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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 need information like this, because I'm still a beginner. great tips for starting trading.
thanks you.
#17 - May 15, 2019, 02:56:37 AM

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if a beginner can be disciplined to run these 3 things, surely the trading performance will increase rapidly.
#18 - May 15, 2019, 11:01:07 AM

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in every trade I always use a maximum of 5% of my margin and if I have lost 10%, I will stop trading.
#19 - May 15, 2019, 12:28:42 PM
« Last Edit: May 15, 2019, 12:32:38 PM by Admin »

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I like the tips sir, for beginners like me this is a useful additional knowledge.
#20 - May 15, 2019, 12:45:36 PM

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Okay, thanks. Tips that are very useful for me as a beginner
#21 - May 16, 2019, 12:58:14 AM

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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 ?
Hello, maybe I will add that there is a good analysis and psychological factors that must be controlled. trading is even better, because trading is not just about MM.
#22 - May 16, 2019, 01:56:40 AM

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Hello, maybe I will add that there is a good analysis and psychological factors that must be controlled. trading is even better, because trading is not just about MM.
Many rules in forex trading, MM is only a small part of the overall aspect.
#23 - May 16, 2019, 04:12:35 AM

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Thank you for the tips sir, I will put it well in the trading that I did.
#24 - May 16, 2019, 07:21:09 AM

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for beginners you should first test your strategy and don't change strategies quickly. If you have found the right one, be consistent with the strategies you have chosen and discipline in using them.
#25 - May 25, 2019, 09:47:12 AM

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good tips sir, in my opinion all traders, especially beginners, must know and apply it in every transaction.
#26 - May 25, 2019, 10:33:51 AM

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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 ?
good tips for beginner traders who don't understand management money.
#27 - May 26, 2019, 03:14:32 AM

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these tips are more included in management risk, by implementing a management risk system so that novice traders can reduce losses.
#28 - July 27, 2019, 11:48:50 PM

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these three tips are very helpful for beginners, the saga agrees about stop losses. do not leave the stop loss.
#29 - July 28, 2019, 02:16:07 PM

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good tips, indeed for new traders you have to learn a lot and consider following your tips
#30 - July 30, 2019, 07:57:46 AM

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