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What are the best methodologies for novices .?

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Black Dollar

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Here we examine some fundamental and simple procedures for forex amateur and offer our insight for newcomers in this advanced commercial centre. My guidance for fledglings is that you individuals do some quality exchanging practice on demo account and after that doing scalping on around 5 to $10 every day or 10 to 15 pips per day.

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#1 - January 04, 2021, 04:09:48 AM

miqbal79

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Continuous practice on a demo account is very good, but my advice is not to scalp because scalping is an unsafe strategy for beginners because beginners do not have an established psychology while scalping requires patience and it can only be had by professional traders. take an intraday strategy to start your trading practice.
#2 - January 05, 2021, 10:27:11 AM

Tahajud

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everyone feels like they have their own system, some like scalping, some like day trading, some like trading with long terms and so on, the point is that whatever system we use we must be disciplined and patient in running it
#3 - January 05, 2021, 11:59:22 PM

OjoL2904

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The best strategy is still the strategy that is created and owned by a trader, related to his trading style, then over time the trader will know for himself which strategies are suitable and which are not suitable.
#4 - January 06, 2021, 11:18:20 AM

ariezz

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make the demo account a place to train skills, but if you are proficient enough, you must also train psychology on a cent account or a new micro account, you can continue to a larger real account.
#5 - January 06, 2021, 04:04:36 PM

Kapoor

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In my opinion, a good method or strategy for beginners is the strategy he is most familiar with, don't just focus on the target or risk limit, but both add a good strategy.
#6 - January 06, 2021, 04:52:17 PM

Billy Atkinson

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The scalping method is not a bad strategy, but when you are a beginner a trader must be able to adjust to a strategy that fits his psychology.
#7 - January 07, 2021, 05:40:40 AM

Trader Hijrah

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What we have to understand when trading by scalping is, we have to move and think quickly in determining the Action we have to do, and don't forget our loss immediately
#8 - February 09, 2022, 02:21:55 AM

novales

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The best methodology is of course the comfortable we use and everyone will be different
#9 - May 26, 2022, 02:21:14 AM

Nick77

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Quote from: novales on May 26, 2022, 02:21:14 AM
The best methodology is of course the comfortable we use and everyone will be different
That's right, don't use the methodology just because you see other people successfully using it, but do your own trials
#10 - September 10, 2022, 01:26:24 PM

GOD LIKE

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for trading scalping in my opinion the target is only 5 or 10 pips only
#11 - November 17, 2022, 08:42:36 AM

Kardel Sharpeye

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Novices in forex trading should start by learning the basics, such as market structure, technical analysis, and risk management. They should also practice with a demo account, develop a trading plan, and follow a disciplined approach to trading. Seeking guidance from experienced traders and staying up-to-date with market news and trends can also be helpful.
#12 - March 17, 2023, 12:14:54 PM
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