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Newbie Question

Discussion in 'Beginners Bootcamp' started by aubie, Jul 26, 2016.

  1. Mark Fahad

    Mark Fahad Banned spammer for MxTrade and TradingBanks

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    By and large newcomers consider high leverage at many risks, but I don’t consider high leverage at any risk, if there is any risk, it is completely with non-sense planning and zero risk management policy, nothing to do with high leverage at all.
     
  2. hitfx

    hitfx Corporal

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    First of all I would like to say that history cannot be repeated in the forex, scenario can be changed, so you should not stick with only successful history, you should learn it properly and then should make a manual strong strategy for making profit.
     
  3. Melvin Leon

    Melvin Leon Recruit

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    1 pip is too low to get. You better study a bit more. There is spreads and commission in trading. 1 pip will eat out either by spreads or commission. It is better to find a good strategy. Read the charts as much as possible. You will find some unique characteristics.
     
  4. William Barnes

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    It is an incredibly widespread issue with any novice trader in this world market and they generally face difficulties in understanding the basics of pricing at the initial level . Forex is undoubtedly a highly competitive and risky market place. We traders are always in a thirst to find the best entry; exit or stop loss price. Historical price analysis can only give an overview but it is not fully wise to use it for future price decisions as we can't predict what will happen in the next day since forex is an ever changing market.

    Thereby you can take help of various technical indicators like pivot point; candlestick charting; moving average; MACD or use a combination of all to at least get a brief idea about the market trends and then take decision as you feel to be optimistic for you.
     
  5. MarryLo

    MarryLo Recruit

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    As a newbie, you have to keep the things as simple as possible. Never try to stick to the complex stuff and indicators as it will make the trading difficult for you. You are advised to learn the basics first and then move forward stepwise.
     
  6. Shalirad

    Shalirad Private

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    Very good advices here no matter how you really put it anyway. I do not see any obstacle with that techniques, but they are really advanced for any persona out there, let me see that point. Thanks for that later. I do see people above me gave me good advices.
     
  7. bigdolly

    bigdolly Sergeant Major

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    Can somebody help me or suggest a formula to calculate pip value for EURGBP if my account is in USD? I find calculations a bit confusing.
     
    JamesForexSlayer likes this.
  8. JamesForexSlayer

    JamesForexSlayer Corporal

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    try myfxbooks calculator
     
    momo3HC likes this.
  9. Glastonburyk

    Glastonburyk Private, 1st Class

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    Exactly, don’t te invent the wheel just figure out how to turn it
     

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