Post
Topic
Board Trading Discussion
Re: Trading Tips for Traders here
by
Reatim
on 30/01/2020, 06:06:30 UTC
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.
but first they must learn which exchange is legit because even how good we teach newbies to trade but they don't know what exchange is really all about then the chance of being failure is there.
Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.
there are some online sites now that offers some jobs easily like EL TORO and other companies in which trying to help us trade easily and reliable ,but i never had a chance using them maybe in future as i am still studying their offers.