monyitomon Posted January 12, 2013 Share Posted January 12, 2013 That is because they are in a hurry as everyone would like to jump with a real trading because they thought that Forex trading is like a Gambling that they have a chance for the jackpot. If that is their beliefs that they can always go with a shorcut I am sure that they will experience the bitter taste of defeat. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 13, 2013 Share Posted January 13, 2013 There is a saying that goes thus and that is that there is no shortcut to success.it is either we take our time to achieve it or we dont eventually achieve it.sincerely that likewisely applies to forex meaning newbies just have to put extra hardwork for them to succeed in it. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 13, 2013 Share Posted January 13, 2013 Yes success have no short cuts and only hard work and dedication can achieve your goal so in my opinion it is always good to try to develop your forex skills as much as possible and that will help you in making good profits with forex . in my opinion that is the only way of success of forex . Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 14, 2013 Share Posted January 14, 2013 Yes, for a newbie if they really want to be successful then they will fist taste the bitter taste of defeat, but of course all of us does because it's part of Forex trading as there is no exception in here as even you are trading for several years, I am sure that you still experiencing losses from trading. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 14, 2013 Share Posted January 14, 2013 To me newbies shouldn't be sad or frustrated when they get to loose in forex at the early stage.t is just something that would be a stepping stone to them succeeding in forex in the future.Forex would forever be good to those who are patient. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 16, 2013 Share Posted January 16, 2013 Its easy to get frustrated for newbies because they dont understand where they are going wrong in the beginning. You are right though in that its better to take it easy because fact is that things dont happen very easy in forex and it will take time and a lot of losses along the to learn. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 16, 2013 Share Posted January 16, 2013 Newbies shouldn't be scared when they want to do forex.Forex to me isn't as hard as we see it.it is easy if we want it to be easy.i as a person love forex before i even joined because at a point in my life,my major wish was to do forex everytime. Quote Link to comment Share on other sites More sharing options...
rexway Posted January 17, 2013 Share Posted January 17, 2013 That is very true and I support that fact in forex trading a trader who really want to make difference must try his possible and make sure that he get the right training ever needed to do better things and trade profitably so as to bring in success. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 18, 2013 Share Posted January 18, 2013 Every success willing trader must be positive.he or she must be having the mindset of a winner.Anything outside that wouldn't be helping him or her build the inner self confidence that would be going ahead to help him or her likewisely trade. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 18, 2013 Share Posted January 18, 2013 many thing is easy to say rather than to do, in fact not all people will just jump into forex, in my life i see many poster that not actually traders but it seems like have good knowledge in forex but in fact they don't feel what is really forex are, there are many thing that make new traders feel down, and feel like useless to do trade in forex. and usually that new trader need some new motivation to make them back to trade, and of course it is all about psychology thing Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 19, 2013 Share Posted January 19, 2013 Every trader needs a preparation because it's not easy at all that's why those newbies should not be in hurry. It's not a short time commitment, it really requires a dedication if you want to be successful in Forex trading. I know someone who is just High School student, but he's earning quite good, thinking about them gives me motivation. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 19, 2013 Share Posted January 19, 2013 Yeah that's true.Age doesn't have anything to do with forex success and that is why we tend to get the percentage of the seriousness we give to forex in the profit we later get.sincerely forex is extremely good and that is why we need to give it our best. Quote Link to comment Share on other sites More sharing options...
gaban Posted January 19, 2013 Share Posted January 19, 2013 The mistakes is less practice. Before you begin throwing your funds into a Forex Trading Account, make practice with one (or more) of Forex Demo Accounts. This is one of the most important Forex tips for the beginners. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 19, 2013 Share Posted January 19, 2013 The demo account is a very important tool for a beginner trader because it will ensure that they get the necessary practice indeed so it necessary to begin with. One must also be careful not to leave the demo account prematurely and be in a hurry to trade in the real account before they see good results in here first. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 19, 2013 Share Posted January 19, 2013 Sincerely GOD has given us the power to want to succeed.Anyone who wants to succeed in forex must be ready to take that decision by himself or herself.Forex requires extensive learning for every indivindual to give it at every point of time. Quote Link to comment Share on other sites More sharing options...
pepy Posted January 20, 2013 Share Posted January 20, 2013 i think all of you already told that all and even some of it already mentioned over and over again. i think it is all about indiscipline from new traders, maybe because of become overconfident with their skills and also greedy since they want to earn big amount of money from forex in fast way, what people need also in forex is patience and know the right way to sell and buy. sometimes this thing that mostly new traders forget Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 20, 2013 Share Posted January 20, 2013 Yeah that's true.i would be sticking to greed.it is a kind of distraction to newbies.it makes them feel they could be getting huge funds overnight.sincerely what i expect every newbie to do away with when doing forex is greed at every point of time. Quote Link to comment Share on other sites More sharing options...
tirus Posted January 20, 2013 Share Posted January 20, 2013 Unfortunately greed will only lead to a trader losing out on a lot of money instead of making huge amount of profits as many would expect. It just shows that one should be realistic about their expectations of forex trading and that if you do things systematically you can better returns this way but while minimising the risk. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 21, 2013 Share Posted January 21, 2013 Sincerely we must endeavour to minimize risk at every point of time.If we are able to do that then we wouldn't easily be falling for the test of greed.Every new forex trader must ensure to avoid this so that he or she wouldn't be regreting ever doing forex. Quote Link to comment Share on other sites More sharing options...
chintu Posted January 22, 2013 Share Posted January 22, 2013 Sincerely we must endeavour to minimize risk at every point of time.If we are able to do that then we wouldn't easily be falling for the test of greed.Every new forex trader must ensure to avoid this so that he or she wouldn't be regreting ever doing forex. Â We all know the risk in forex is very high and we can see that there are less chances of earning and more chances of losing its all depend on the knowledge we have . In my opinion it is not at all possible to eliminate the risk in forex so it is good to have a better knowledge before trading with real account , till then you can practice with demo account . Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 22, 2013 Share Posted January 22, 2013 Yeah that's true.we must know that the chances of losing is everly more than we profiting at every point of time and that is the much reason at every point likewise we must endeavour to put the risk in order by just doing or trading what we could afford to lose. Quote Link to comment Share on other sites More sharing options...
monyitomon Posted January 23, 2013 Share Posted January 23, 2013 That is one thing a newbie must know because we must be prepared to lose the amount on our trading account because if you can't afford to lose it then it will be surely gonna be hard for you to move on. There are many newbies who are trading with the amount that they can't afford losing that's why they end up regretting their actions. Quote Link to comment Share on other sites More sharing options...
protox Posted January 23, 2013 Share Posted January 23, 2013 If they are not learning to trade properly, they might fail in trading. Some newbie are also jumping into trading without practicing with demo account. They only get the basic idea of trading from e-books. Even sometimes, they only learn from friend who trade based on experience. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted January 23, 2013 Share Posted January 23, 2013 Its going to no certainty when we are going to learn everything but actually, we will keep on having mistakes and losses therefore, it's part of trading experience and its inevitable though, we can somehow lower the risks and losses we can make by learn and gaining more knowledge and experience. Many traders mistakes is that they don't gather more resources and rely only in few info or strategy. Quote Link to comment Share on other sites More sharing options...
Syrine22 Posted January 24, 2013 Share Posted January 24, 2013 Another mistake that i would be getting to mention is that forex newbies tend to put their blames(losing mistakes)on somebody else instead of taking responsibility of it.They must learn to take mistakes and ensure that they correct it themselves. Quote Link to comment Share on other sites More sharing options...
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