Hey,
I am a beginner in FOREX, now I am planning to start real account in MT4. I wish to get some tips on how to trade profitably with less risk.

Hi Fxmoneymaker,

Several days ago, I read some basic rules on the website Profiforex.
Something likes this:
1. The trend is your friend.
2. Trade on a simple and clear plan.
3. Trust only yourself.
4. You must be persistent in achieving goals to succeed on Forex.
5. Don't trade just because of doing something. Sometimes it's better to wait, and then act quickly.
6. Success always likes emotionally stable traders.
7. Don't be afraid of losses. Sometimes it happens with everybody. But don't let a small loss turn into total loss.
8. Always be careful, make decisions by yourself.
9. Remember: fear, greediness, bustle and implicit faith are not for Forex.
10. Don't feel sorry if you closed the position in the middle of the price movement and didn't get the whole possible profit. You'll have other opportunities.
Maybe my share will help you.

heey fxmoneymaker,, I'm also newbie in Forex,, I use MT4 in fbs now,, maybe we can share our experience together here,, my experience just loss and loss until now,, hehe,,

pays the small amount of money because I do lose it a few times but with it, it will teach you a lot

I suggest you to start with real money don't use demo accounts to practice your forex trading! The reason is because when you practice with demo accounts you don't learn exactly what you need to learn you just playing entering and exiting trades. Forex is fundamental game treat forex as you are doing business and one wrong move can cost you money!

By using your hard earning money you will learn:

- Totally Focusing on your trade
- Fundamentally prepared taking risk
- Self Confidence
- Manage to make your own strategies

With money there's always risk involved no matter if it is high or low! It always depends on your investement if you invest more than you can't afford than offcourse it is a higher risk for you. Always remember don't be over confident because there's people who's in this business for years and still learning so be careful don't make long jumps climb step by step. Once you succeed in this the doors of success will open itself for you!

You might fall in the begining but you will learn much quicker than what you will learn in months through Demo!

GOOD LUCK!

Hello fxmoneymaker,

Here I would like to introduce you a presentation about forex trading for beginners: How to get profit on forex. This presentation describe the basic and main point about forex trading, and in the last part of this presentation, there are many useful recommendation about forex trading. I think it is useful for you. You can find it through internet.

Hey, have you started finding reading material to learn the basics of forex trading yet? If you haven't, then I suggest you do. Don't open a live account yet! Open a demo account first and start doing paper trades first.

Make sure you are understanding enough about the forex markets. And you have your trading system trained. Better using demo account until you are really understanding and make consistant profit with your demo account.

For newbie it is necessary that they should know the basic knowledge and experience about Forex trade so that they will be able to trade more properly. Newbies should know Proper money management skills and some good strategies to achieve the goals of success in Forex.

try this site. it could help you answer all your questions about forex.forex strategy

Newbies must spent time in Demo account to increase their knowledge and experience which will help them to trade in Real account properly. Beginners should first focus on learning the basics of Forex trading which will help them to make consistent profit in Real account.

That is not true. You will never learn how to trade in demo accounts. It is a big myth. You can only learn how to trade by actually trading.