What is the best trading skill for beginner in forex trading??9

[joy101]

You should have trading plan as a beginner in order to succeed on it, because is very important to have a plan and also to know the market very well.

 

[Danny4cash]

I would advise that anyone who is interested in forex trading should enrol for training to learn the rudiments. I am not familiar with forex trading, but I have friend who is into it. I always overheard him talking about market analysis. I guess that should be one of the important skill a beginner should have

 

[tyrim88]

One thing to understand about forex trading is that one need to learn the fundamentals first and then device a pattern that will suit him and then he should be consistent with it and trade with caution.

 

[Setho]

The most important thing is for you to know how to do risk management and also control your greed. This is going to solve you a lot of problems and save your money.

 

[tyrim88]

One of the things that a person who is new into the trading of forex is that he should be able to aviod greed and also have a daily target on what he wants to trade for the day,with that he will be able to minimise his loss.

 

[GoldenLady]

There are many important things a new trader should know, but one of the most important ones is risk management. People think trading is all about the amount of money you use, but that's the fastest way to blow your account. Learning about risk management and portfolio allocation will save you more money in the market.

 

[tray59]

Just try and know how to hedge master some custom indicator and copy from the experts sometime.you can also chose to invest in pamm account

 

[greenie]

Currency trading strategies are a game of trial and error. It may be worth trying out the strategies from list above to see if any work for you. However, we will look at two further strategies which tend to be more common than the ones previously mentioned.

What’s more, they have been consistently proven to work.

 

[Genie01]

The best trading skill for a newbie (infact if I could go back in time to tell myself the truth ) I would say is the psychology of seeking after the process trading and not after the profits

 

[Floura]

Before you can actually earn money for the market you need to have a good experience with on a lots of things in the forex market, things like technical analysis.

 

[ghxstvecna]

One of these strategies which can be suitable for beginner Forex traders is the “buy the dips” trading strategy. This strategy recommends identifying trade opportunities on the weekly time frame and using the 4 hourly or hourly chart to identify an entry signal, which I explained above.

 

[tyrim88]

You should have trading plan as a beginner in order to succeed on it, because is very important to have a plan and also to know the market very well.

That is true,as a begginer you should have the basic knowledge about the market and then you should by all means aviod greed while you are trading in the market and you should have a daily target.

 

[Genie01]

The best skill in forex trading for a beginner is patience. The impulsiveness of wanting to make money and wanting to be rich very quick has made alot of traders to make bad trading decision.