MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » Beginners Forum

[Alvin_Harper]

Hi, I’m a newbie in the currency market and I’ve acquired more losses in trying the system than actual profit. You really must know what you’re doing beforehand.

[rious]

I am also just starting out forex trading, I'm going to be tracking my progress on my new blog fx4u.blogspot.com Please let me know if you have any advice about forex trading.

[fxtino]

The best way to start with FX trading is demo, demo and demo trading. 90% FX traders lose their entire accounts in 6 months or less. So just do demo or try something else.

[SoundFX]

Get ready for years of anguish if you're persistent, peppered with a few moments of triumph. If you're not ready for that, then go ahead and give your money to charity. There's nothing tougher than trading. Best of luck though, and welcome aboard! Its a damn fun and potentially rewarding road.

-SFX

[Lhar_moneytec]

Originally Posted by Alvin_Harper

Hi, I’m a newbie in the currency market and I’ve acquired more losses in trying the system than actual profit. You really must know what you’re doing beforehand.

sad to hear that from you, but anyway that's the part of trading, since you acquired more losses, therefore you should come up with your strategy
wee, I can't blame with that, try to visit this site, fofexface.com
goodluck with your next trading

[hale24]

Originally Posted by Lhar_moneytec

sad to hear that from you, but anyway that's the part of trading, since you acquired more losses, therefore you should come up with your strategy
wee, I can't blame with that, try to visit this site, fofexface.com
goodluck with your next trading

forex provide good financial plans and strategies. there's a lot to see through net. google or yahoo...

[grunwald]

Originally Posted by Alvin_Harper

Hi, I’m a newbie in the currency market and I’ve acquired more losses in trying the system than actual profit. You really must know what you’re doing beforehand.

Hi,
It is rather typical to have losses when one starts trading. It takes some time to develop the patience and discipline needed to be a profitable trader. Stick around and keep working.

FX Madness.

[hale24]

Originally Posted by grunwald

Hi,
It is rather typical to have losses when one starts trading. It takes some time to develop the patience and discipline needed to be a profitable trader. Stick around and keep working.

FX Madness.

yes that is so true. first trials are more likely to be loss. but not all. you can always have an online demo account to get used to it or get familiar with the functions or set up. there, you can always have mistakes without lossing a single cent.

[pinalli]

Guys “If you fail to plan, you plan to fail”. A trading plan is especially crucial in forex trading to stay ‘in-control’ against the emotional stress in speculative situation. Often, your emotions will blind and lead you to the negative sides: greed causes you to over-ride on a win while fear causes you to cut short in your profits. Hence, a well organized operation has to be predetermined and strictly followed.

[kilua29]

The second statement you said says it all for you.I am also interested in forex but I didn't take the plunge yet because I am not yet sure of what to expect so right now , what I am doing is self-studying such as joining forums, searching the net for ebooks and other forex related stuff but best of all, I am asking tenured or seasoned forex traders here at Moneytech about anything and everything forex.Believe me they are very much open to help anyone who needs their help.Thanks Guys!

[pinalli]

Welcome. You are at the right path. Just go ahead, read plenty of information and practice demos. I am sure you will become a refined trader one day.

All the best!

[kilua29]

Originally Posted by pinalli

Welcome. You are at the right path. Just go ahead, read plenty of information and practice demos. I am sure you will become a refined trader one day.

All the best!

Hi pinalii ! I sure do hope to become a refined trader someday coz I've been getting a lot of help from you guys here at Moneytech. Thanks a lot and happy pips!

[Lhar_moneytec]

Originally Posted by pinalli

Guys “If you fail to plan, you plan to fail”. A trading plan is especially crucial in forex trading to stay ‘in-control’ against the emotional stress in speculative situation. Often, your emotions will blind and lead you to the negative sides: greed causes you to over-ride on a win while fear causes you to cut short in your profits. Hence, a well organized operation has to be predetermined and strictly followed.

I like that motto "if you fail to plan, you plan to fail". I am 100% agree with that. Just any other successful businesses, they also started with plans.

[CashSplash]

When you are a beginner its sometimes good to fail, because you will learn from your mistakes.
If we never fail, or our plans don't work out, how are we to know what's right or wrong...

But of-course you must improve every time you fail, only than you will be very good at what you do.

[trader545]

Dear New Forex Traders,

What is your first step in Forex Trading. Here is some tips that can guides you if you're really serious in this field:

Tip 1-The value of basic Forex education
Tip 2-Attend trading courses
Tip 3-Create your own profitable Forex Trading system
Tip 4-Apply Forex Trading strategies
Tip 5-Trade Forex in its best hours
Tip 6-Use Forex Trading Software A Must
Tip 7-Stay safe - use common sense!

If you guys have another tip or strategies please share with us here!