Information For Beginners

thread: Information For Beginners

  1. #1

    Information For Beginners

    Pay close attention to this cash management articles 18 thru 33 as you read this thread.

  2. #2
    Junior Member edu333's Avatar
    26
    Recommended Reading - Books Articles http://www.fxstreet.com/nou/contingu...tat2=fxegylogo - Recommended by Isotonic
    Hi, right now there is no link available! Would you please check one again?

  3. #3
    Junior Member CARLUCAPV's Avatar
    15
    Hi guys, thought id share this connection with you

    Its a trader who blogs his expertise, largely discusses the plogy of gambling. Great read for anyone starting out.

    Https://www.tradersreality.com/


    Happy Trading

  4. #4
    Junior Member
    1
    Hi!
    I am not sure whether this is the right place to speak about this subject, but since I have just begun Forex trading, I guess I am a beginner and I am at the right location.

    I have begun trading for just over 3 months. Mistakes were made by me, had a good run and I am still studying.

    But recently I am having this happening scenario happening and I am not certain whether this is really normal.

    I am usually 40% to 60% directly on the direction on where the chart is going. However recently I am getting stop-loss by 1 to 10 pips until the price goes my direction or the price is just 1 to 10 pips out of hitting my limit order before going the direction I intended. It has been consecutively happening for this particular week, out of my 13 consecutively losses, 8 of them hit on my SLs before going my intended direction. It doesn't matter whether the SL is 40 pips away or over 100 pips away, it keep happening. Additionally, I have missed over 6 to seven trades that were good since price didn't reach my limit, missing up to 0.5 pips away! It has been happening for the past week and I believe its very unusual or does luck have anything to do with this? Does this phenomenon occurs all the time to some experienced traders on the market?

    I would like to find somewhere to rage but I don't want to perform it in the markets from revenge trading and I don't need to chase the trades too.

  5. #5
    Junior Member edu333's Avatar
    26
    Beginners should continue to learning in Forex trading to gain knowledge and skills for their work. There are so many trips and suggestions are there for any newbie, but self learning is best.
    Self learning isn't just Fx but also others profession. But speaking without a mentor that is great that difficult to learn Forex as a beginner. Since this market is widespread and much volatile. Demo trading can be taken by beginners for self learning besides Pips school.

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