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New Traders Forum

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Luck or Hard Work?

By Dictiony Jun 23, 2020 at 05:09

Hard work and a little bit of luck too

116 Replies 6,246 Skatījumi

Pēdējais ieraksts no Goldbarrel Apr 26, 2023 at 20:07

90% are loser ..why ?

By Admoni Sep 01, 2017 at 09:50

Rightly said, one should focus more on gaining knowledge and experience

308 Replies 17,875 Skatījumi

Pēdējais ieraksts no electrica333 Apr 14, 2023 at 07:15

Best currency pair for trading

By maria_taylor Jun 03, 2018 at 08:31

this major pairs are too safe than all others we have in online. have a very good journey

99 Replies 6,859 Skatījumi

Pēdējais ieraksts no Tradelist45 Apr 12, 2023 at 09:38

I'm new to Forex trading and looking for some advice

By Lswilliams Dec 19, 2014 at 15:24

I've seen traders who make money in 1 year and I've seen traders who haven't made money in 10 years. Do you understand the reasoning?

55 Replies 3,921 Skatījumi

Pēdējais ieraksts no Lazard Apr 12, 2023 at 06:21

Is a demo account really neccassary?

By James_Bond Aug 05, 2012 at 07:44

yes in demo it is a best place to test your trading strategy ,really supportive

155 Replies 8,742 Skatījumi

Pēdējais ieraksts no AdomKutler Mar 30, 2023 at 11:42

Books or Videos - Which one is better for learning?

By cashonmymind Jan 28, 2021 at 16:49

Personally, I found that learning about forex trading using a combination of books and videos was the most effective method for me. Books gave me a firm knowledge base and helped me thoroughly understand the principles and methods, whereas videos allowed me to see these concepts in action and obtain practical insights from experienced traders. Ulti...

68 Replies 4,702 Skatījumi

Pēdējais ieraksts no essencejo Mar 30, 2023 at 10:19

Broker Suggestion

By SigmaVess Mar 19, 2013 at 21:36

A scalper too, choose an ECN broker Fxview, XM, or Hotforex for low spreads.

78 Replies 5,094 Skatījumi

Pēdējais ieraksts no Brick_56 Mar 28, 2023 at 12:29

Daily Market Diary

By OnyotYecyec Mar 20, 2023 at 04:41

🔵Holding a belief that trading will work in a short period of timeThe Dangers of Trading Too Quickly Believing that Trading Will Work in a Short Amount of TimeTraders who think they can make money in a short amount of time reflect the modern world in which we all live. They think they can make a lot of money quickly if they just trade a lot, even ...

0 Replies 488 Skatījumi

Pēdējais ieraksts no OnyotYecyec Mar 20, 2023 at 04:41

Money Management

By Mohammadi May 07, 2020 at 11:38

Thanks for sharing this info. I will try to follow this.

50 Replies 3,513 Skatījumi

Pēdējais ieraksts no LeslieRuiz Mar 03, 2023 at 06:24

Patience is best tool to get success

By Dictiony Apr 19, 2020 at 05:14

Patience is crucial in trading because it allows for better decision-making and the ability to stay calm during market fluctuations. Impulsive actions based on emotions can lead to unnecessary losses.

163 Replies 9,115 Skatījumi

Pēdējais ieraksts no Leonor_Lou2 Feb 28, 2023 at 12:35

Looking for Broker

By dap042s1 Nov 10, 2020 at 03:31

I definitely recommend Interactive Brokers. It is an American company, which is regulated under US Forex laws. Simply known as IBKR, this broker is available in over 30 countries around the world, giving clients access to numerous trading assets.

57 Replies 4,245 Skatījumi

Pēdējais ieraksts no Investfox Feb 20, 2023 at 15:19

Diffrence between real & demo trading

By fxking1 Dec 10, 2013 at 21:24

The main differences between the two are as follows:-Real Account: A real account is a trading account that is used for trading with real money. It involves depositing funds into the account and using them to buy and sell assets in the market. As a result, any profits or losses incurred in a real account are actual and can affect the trader's f...

61 Replies 4,318 Skatījumi

Pēdējais ieraksts no paulajen Feb 17, 2023 at 05:56

Forex correlation

By tostyleun Jan 15, 2023 at 06:30

Thank you so much . Yes i am sticking to the pair i am trading in . It can get a bit uncomfortable when u look at corelated stocks but in time i think i will get used to it.

3 Replies 572 Skatījumi

Pēdējais ieraksts no tostyleun Jan 17, 2023 at 19:54

For Newbie

By Michihito Oct 19, 2020 at 06:50

How do you think how to choose broker ? maybe you have a your list of top5 ? or you have only one broker?

67 Replies 3,894 Skatījumi

Pēdējais ieraksts no vikailjina Jan 12, 2023 at 12:04

LOSE AND PROFIT

By shussainviha1 Jan 06, 2023 at 14:14

ONE COMINT LOSS AND PROFITE 😄

0 Replies 452 Skatījumi

Pēdējais ieraksts no shussainviha1 Jan 06, 2023 at 14:14

How long on a demo account

By chesterjohn Apr 21, 2018 at 12:17

I Demo traded for a year in 2005. Even as a professional account manager, i still connect my Live trades to Demo account and use it to tweak daily, As i can not connect my live accounts managed in public, not only due to the size, But i like just being on lowkey.

198 Replies 11,269 Skatījumi

Pēdējais ieraksts no forex_trader_3132761 Jan 05, 2023 at 11:22

Commission fees spread

By Wagscd Dec 24, 2022 at 06:24

You are welcome :)

7 Replies 720 Skatījumi

Pēdējais ieraksts no Phorbic Dec 30, 2022 at 09:12

How long does it take one to be consistently profitable with forex trading

By MokgadiMafa Apr 21, 2022 at 08:33

Personally I feel that everyone should practise in a demo account until they learn trading skills irrespective of the time it takes. Rushing the process will not be beneficial to you. Proper practice will assist you in honing your skills and getting ready for later trading with real money.

49 Replies 3,499 Skatījumi

Pēdējais ieraksts no jambeau Dec 29, 2022 at 11:45

Greed is poison

By Dictiony Apr 05, 2020 at 01:19

Too much greed can lead to impulsive or risky decisions. Moreover, when traders are driven by greed, you may be more likely to take on excessive risk or to ignore potential warning signs in the market. This can increase the chances of losing money, and can ultimately undermine the long-term success of a trading strategy.

74 Replies 4,590 Skatījumi

Pēdējais ieraksts no binarysumo22 Dec 28, 2022 at 06:29

How often does the market change?

By socks Nov 30, 2015 at 08:11

The market changes very frequently. The knowledge when to change your strategy according to market conditions comes with experience. But I must say to beginners that when you cannot find the right price range or favourable condition for your strategy to make a profit, for at least a maximum of 3 months, it's time to make changes and modify your...

28 Replies 2,347 Skatījumi

Pēdējais ieraksts no Potatory Dec 28, 2022 at 06:21

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Any opinions or market advice provided in the community sections are not necessarily the opinions of Myfxbook or its affiliates. The comments and opinions posted are of traders who may or may not be experienced. The comments are not reviewed or researched by Myfxbook.com or its affiliates. If you choose to make decisions or place trades based upon the comments, you are doing so at your own risk. Myfxbook and its affiliates are not responsible for any losses incurred due to the use of the content provided.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.