Newbie To Forex

[schonsophia]

I totally agree with that and I am learning a lot from this thread. I think you made your point and I am totally with you.

 

[Froso@FXNET]

Agree Pharaoh ..
But I Prefer Run My Live Account Manual Than For Use EA ..

This greeat recommendation to know how good the broker . besides that if we run the EA we also can forward test that EA are profitable for live or not before we use it with the big capital , when we have suits with that broker and has found the EA that powerful, certainly we can get double advantages from that process

 

[downtrend]

Newbie traders should trade in demo account for practice purposes and then they should only come to real account whey they feel they are comfortable enough with their trading system that they can confidently trade in a real account.

 

[Froso@FXNET]

Newbie traders should trade in demo account for practice purposes and then they should only come to real account whey they feel they are comfortable enough with their trading system that they can confidently trade in a real account.

And then after that i think for those newbies of trader who have poor in fund can try with bonus no deposit account for firstly to make sure that they know how risk of this business with not risking their real money to test the forex business . maybe this can help them to build the porper mindset when want doing forex business

 

[downtrend]

And then after that i think for those newbies of trader who have poor in fund can try with bonus no deposit account for firstly to make sure that they know how risk of this business with not risking their real money to test the forex business . maybe this can help them to build the porper mindset when want doing forex business

Exactly, one can make use of these welcome bonuses or forum bonus to start trade. Its not you real money but it is close to trading real money so that you can train yourself emotionally.

 

[b.robin]

All a lot of talk about starting by using bonuses. And it really effective?

 

[JesseM]

Exactly, one can make use of these welcome bonuses or forum bonus to start trade. Its not you real money but it is close to trading real money so that you can train yourself emotionally.

The only downside of all those bonuses is that you'll need to trade an unrealisticly high amount of lots in order to recieve annything of those bonusses.
A good broker is a broker who suits your trading style, there are reviews enough of every broker just do some research.

 

[Froso@FXNET]

The only downside of all those bonuses is that you'll need to trade an unrealisticly high amount of lots in order to recieve annything of those bonusses.
A good broker is a broker who suits your trading style, there are reviews enough of every broker just do some research.

Its bad idea if someone assume the bonus from forum paid not real money then trade that bonus not in manageable . its advisable no matter demo account or bonus account still use management if want get optimum result

 

[Pharaoh]

All a lot of talk about starting by using bonuses. And it really effective?

Bonuses typically come with many strings attached. This makes bonuses very effective - at keeping your money trapped with the broker so you can't withdraw it.

Add in the number of scammy brokers that feel they have the right to accuse anyone who takes a bonus of cheating and grab their profits without needing to present a shred of evidence, and bonuses are generally a VERY bad idea.

Don't hand excuses to a broker. Once you've got enough confidence to trade live, then do your trading with your own money.

 

[JesseM]

Bonuses typically come with many strings attached. This makes bonuses very effective - at keeping your money trapped with the broker so you can't withdraw it.

Add in the number of scammy brokers that feel they have the right to accuse anyone who takes a bonus of cheating and grab their profits without needing to present a shred of evidence, and bonuses are generally a VERY bad idea.

Don't hand excuses to a broker. Once you've got enough confidence to trade live, then do your trading with your own money.

True bonusses are mostly 0 sum games. But it looks attractive to start, but like everything, always read the small lines before you plunge into something.