Hello I am a new trader looking to profit

[mitchalcling]

I think it’s best to try your hands at a few trades first so that you get a clear picture of the market. You won’t get to know what it is if you are not putting in enough effort to understand.

 

[Psychomancy]

You have to be skilled to make money. Thinking of the forex market as a place to make quick money is just not right. Using margin and leverage can be harmful to your trading account if you don’t know how to use them properly. So, better use them when you know what you are doing and can handle the risks properly.

 

[VargaDimwit]

@sarahgoutvaks I totally agree! It is important that a trader work hard so as to gain proper knowledge without which it is impossible to make profits in trading.

 

[Allegator]

You have to be skilled to make money. Thinking of the forex market as a place to make quick money is just not right. Using margin and leverage can be harmful to your trading account if you don’t know how to use them properly. So, better use them when you know what you are doing and can handle the risks properly.

I agree! Trader can’t make a profit if he doesn’t have appropriate trading skills and good emotional health. Traders should practice enough and gain knowledge so as to acquire these trading skills.

 

[ShihTzu]

Don’t take forex trading as a way of making easy money. Take it as a career if you really want to do something. Learn and practice well and focus on obtaining skills.

 

[valerkata]

In my opinion the easiest way to learn trading is to use backtesting program, and start testing each idea many times, its a long road

 

[Fxzombie]

I agree! Trader can’t make a profit if he doesn’t have appropriate trading skills and good emotional health. Traders should practice enough and gain knowledge so as to acquire these trading skills.

Yes, controlling emotion is important to keep track of quality trading,. How to make quality trading needs a trading plan, which includes strategies, money management, and risk management.

 

[pippin]

I think it’s best to try your hands at a few trades first so that you get a clear picture of the market. You won’t get to know what it is if you are not putting in enough effort to understand.

As a new trader looking to profit, it's essential to start by learning the basics of trading and risk management. Focus on developing a solid trading plan, including clear entry and exit strategies and risk controls like stop losses. Begin with a demo account to practice without risking real money, and gradually refine your strategies based on experience and market conditions.

 

[Fxzombie]

As a new trader looking to profit, it's essential to start by learning the basics of trading and risk management. Focus on developing a solid trading plan, including clear entry and exit strategies and risk controls like stop losses. Begin with a demo account to practice without risking real money, and gradually refine your strategies based on experience and market conditions.

How to become profitable as a trader needs a learning process, maybe every trader has different talents, however, one of the best ways to hone skills is to study, even if you have talent but don't want to learn, it is impossible for talent to produce results.

 

[pippin]

How to become profitable as a trader needs a learning process, maybe every trader has different talents, however, one of the best ways to hone skills is to study, even if you have talent but don't want to learn, it is impossible for talent to produce results.

I completely agree. While natural talent can give a trader an edge, consistent profitability in trading requires dedicated learning and practice. Understanding market fundamentals, technical analysis, and effective risk management are crucial skills that need to be developed and honed over time. Even the most talented traders need to continuously study and adapt to changing market conditions to achieve long-term success.

 

[Fxzombie]

I completely agree. While natural talent can give a trader an edge, consistent profitability in trading requires dedicated learning and practice. Understanding market fundamentals, technical analysis, and effective risk management are crucial skills that need to be developed and honed over time. Even the most talented traders need to continuously study and adapt to changing market conditions to achieve long-term success.

Maybe if we can enjoy our journey, there will be many challenges that can be overcome, but if we blame ourselves, or the market, or even blame others, it can hinder the process itself from achieving the goal.'

 

[Fin_Trader]

First of all, you need to have a good understanding of technical and fundamental analysis. In this case, your trades will be reasonable and balanced, subject to certain rules of your trading strategy. Also, do not forget about risk control when trading and be able to choose a reliable broker. When choosing a company for trading, I paid attention to regulation, a long period of work in the market and the quality of trading conditions.

 

[Jonathan Lee]

If you're looking for a trading system with margin, most forex and CFD brokers offer leveraged accounts. You can use smaller accounts with high leverage, but it's important to focus on risk management. Rather than planning for losses, aim to grow your account consistently with controlled risks.

 

[Jason Libson]

To trade using margin and risk a small account, look for brokers offering high leverage (e.g., 1:500). Set strict risk management to avoid large losses and test strategies on a demo account first. Ensure you're aware of the risks, as margin trading can quickly deplete your account if not managed carefully.