Exchange Blog Cryptocurrency Blog
e_abrams
-
Posts
263 -
Joined
-
Last visited
Posts posted by e_abrams
-
-
In my opinion, a beginner should start with a demo, and then invest a small amount in a cent or micro account and trade with those money to get used to trading on a live account, rather than for profit.
-
What would you consider to be the correct approach then?
-
Personally, I think scalping should be for more experienced traders, actually. It requires an excellent understanding of technical analysis and quick reflexes to get out of a position on time. It's not nearly as easy as it looks.
-
After a fashion, yes. One should still strive to minimize those risk as much as possible though.
-
Indeed. Usually, the smaller the spread, the better, especially if one is scalping.
-
What advice would you give about how to minimize one's risk though?
-
Indeed. Quick profits tend to lead to quick losses too.
-
The idea is to minimize one's capital as much as possible indeed and to do as much research as possible.
Trading Emotions.
in Forex Newbies
Posted
Have a comprehensive trading journal. Record every trade and analyze every mistake - as well as every success, so you can learn from both. The more you know, the less anxiety you will feel.