Login
| Sign up | Contact us

 


10 Tips for Beginners (and not!)

 

1) Many people think that the "Stock Exchange" is only shares.


The "Market" instead, is composed of many instruments, all different from each other and each requires a different approach.


Start you, first of all, with the figure in which "territory" you want to specialize. And equip yourself with maps!

 

I suggest, therefore, at the beginning of at least one read glossary of financial terms (see the special section in FOREX GLOSSARY).


It is essential to know the language of the country you are visiting!

 

 

 

 

 

 

 

 

 

 

2) Do not scatter, initially, with technical details such as bank or broker, platform, oscillators etc. This is all about the "AFTER".

 

Start studying the ABC. The choice of books is essential.

We need to provide a solid foundation.

See Forex trading (FREE) E-Books.

 

 

 

 

 

 

 

 

 

 

 

 

3) Once you have decided on what to work and having at least a good baggage of study, we go to practice with a DEMO PLATFORM.

Do not start, repeat NOT START ever with real money !!!!
Sure, you can get lucky and earn at the beginning.

 

But it would ONLY LUCK.

 

Try to know the market and yourself.
Stay on the demo until you are sure of what you are doing.

 

 

 

 

 

 

 

 

 

4) The market changes.

Do not be impressed by the gains.

One of the worst things that can happen to those who earn at start!

 

The case distributes winnings and losses. But you do not want to play roulette, right?

Only skill and experience ensure steady gains and contained losses.

 

Remember that there will ALWAYS losses. Do not think you able to cancel them.
Losses can only be limited.

 

 

 

 

 

 

 

5) Read, read, read.
There are many sites where you can learn a lot without spending much money. But remember, always think with your head!


Do not trust unsolicited advice. And even if the advice is required on... think about it, but in the end, always be you to decide with your head.

 

 

 

 

 

 

magic wand

 

 

6) There are a lot of courses for a fee. Some "good traders" teach, but most of them are not teachers because they are good traders (that's why they write books).
Do not ever listen to those who offer easy money, the Eldorado, magic trick ...

 

There is no easy money in the "Markets". NEVER.

 

It 'a serious profession and it's tiring. You can earn, of course, but only with constant application, study, seriousness. Although this remains very difficult to gain (97 of 100 traders fail in less than 1 year).

 

 

 

 

 

 

 

7) Give yourself time.
Give yourself time to study, to understand and, above all, to try.
Try demo in as much as possible.

 

Build yourself a solid market experience and a solid strategy.
The market is always there and always will be! So, why hurry?

 

 

 

 

 

 

 

 

thinking

 

 

8) Got to know. Study your reactions to stress.

 

In trading the psychological component is important because it has to do with money and in the human mind taking several mechanisms that influence us and change us.

 

Only the best traders have learned to manage their mind and emotions efficiently.

The better you know yourself, more you'll improve your performance. This is true in every field.


 

 

 

 

compass

 

 

 

9) If you can, do not start with minimal capital.
It 's very difficult to survive.

 

As said, the losses are part of the job. If you are undercapitalized there's high risk of being wiped out by losses even "normal".

 

 

 

 

 

 

 

 

 

 

follow money

 

 

 

10) Do not ever think to "how much you could earn".

 

Think always "what you might lose".

 

 

 

 

 

 

 

 

 

We wish you happy and safe trading, keep reading more interesting articles on www.newethicaltrading.com 

New Ethical Trading
       
   


 

DISCLAIMER

 

HIGH RISK - ATTENTION:

Forex imply an elevate level of risk which might be not suitable for all investors. Leverage generate further exposition and loss risks. Before to take decision of trading forex, consider carefully yours investment objectives, expertise level and propensity to risk. Past performance is not indicative of future results. Your starting investment might be lost partially or totally. Don’t invest money you cannot afford to lose.

 

 

DISCLAIMER:

Pages contained in this web site in any case constitute neither financial counsel service nor solicitation to public saving.
Nothing contained in this web site constitute solicitation, offer or recommendation to purchase or sell any investment or to commit in any transaction.

Nothing contained in this web site constitute solicitation to investment, fund raising or management for third party.

Information contained in this web site are not dedicated to distribution or to be used from anybody or entity in every jurisdiction or country where this use is against the law.
This web site isn’t dedicated to be used from anybody who be part of a jurisdiction where publish or make available our services isn’t allowed, for the sake of their nationality, residence or other. People under these restrictions are not allowed to use this web site. 

Opinions, article, analysis report, operational report and other documents realized from NEWETHICALTRADING which have to do with market speculation, are dedicated to sustain our individual trading and in any case to represent, solicitation, advice or invest invitation. 
The web site has just a guise of sharing, cultural and expertise.

Although the indication quoted are provided with a mere informative scope, we refuse all responsibility, charged to web site Administrator, for possible negative consequences which should come from an operational funded on their observance.
It’s possible that everybody who write in the web site be directly interested to the progress of the analyzed market. As much as we pay attention to the exactness of what published, we can’t exclude error presence on what manually worked, on what automatically generated directly from on-line and off-line tools, about data and quotations used and/or exposed.
Besides, isn’t possible, to perform any form of control about truthfulness and reliability of news/report published in the web site sections.
It declines whatever form of responsibility about reliability and precision of advertising, information, products and distributed data, contained or proposed as links or downloadable like files in the frame of service offered in the web site.

 

Provision of services has done with the maximum attention to regularity, nevertheless neither the web site nor his internal collaborators can be considered responsible for errors, delay and publishing omission, occasionally or protract.
Data usage and information as support for investment choice is at full risk of the user.



New Ethical Trading Ltd - Seychelles
IBC No 139932
info@newethicaltrading.com