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

[YERUS]

It is easy for a beginner in forex trading to get discouraged and would want to stop trading if he/she is not successful with a series of first trades.

What skill will suggest to a beginner in forex to be successful in their initial and future trades?

Beginners will have to be very patient.
It takes determined traders not to pull out after experiencing losses.
Take your time, study the market trends and keep learning more on forex trading.

 

[07Trinity]

The best method for beginners to trade on is to look out for pairs that are less volatile and less spread,they should focus on resistance and support zones.

 

[Toyoabasi]

It is easy for a beginner in forex trading to get discouraged and would want to stop trading if he/she is not successful with a series of first trades.

What skill will suggest to a beginner in forex to be successful in their initial and future trades?

New traders or beginners will have to exercise patience when experiencing failure at the beginning of the trading.
Being discouraged is normal, but to be persistent and keep pushing is of importance.

 

[Stylex]

plan ,when you plan everything you won't have much problem on forex trading ,as a beginner you will face many challenges but if you overcome them you will be successful and never give up on any cost.

Post automatically merged: Oct 13, 2021

plan ,when you plan everything you won't have much problem on forex trading ,as a beginner you will face many challenges but if you overcome them you will be successful and never give up on any cost.

 

[Edi]

The best trading skills for beginners to me is learning the candle sticks. Candle sticks tells a lot about the currency you are looking to purchase or sell.

 

[Partisan]

Strong analytical skills. ...
Good Numeracy and Mathematics Abilities. ...
Interest in finance and the financial markets to research. ...
Focus. ...
Physical and mental stamina. ...
Record Keeping. ...

 

[Kelly5]

Sorry to disappoint you on this subject. There is no one here that's going to tell you that trading this way it that way in the forex market is the best way for you. Just know how to trade your pattern and follow it

 

[Allenetisang]

There's no particular beginner skill, that's why one must use a demo account to test out a lot of trading skills and strategies to perfect them and move onto using live funds.

 

[Skysaint]

Well, am still yet to become a forex trader as I am still in my learning process but making use of marketing indicators will be of help and also listening to news in matters regarding global financial fluctuations

 

[Kingstone]

When I wanted to start trading, I began with the basis like learning how to interpret the candlesticks and knowing when to enter and exit the market. Don't be greedy is my mentor's watchword

 

[CeeJase]

If you have no skill on how to do your market trend analysis even when you are given the signal to trade with, it's not going to be worth it in my opinion.

 

[Immilash]

to be a successful trader you need to have a mentor.your mentor will help you with many things.you also need to study the forex market . that's the best skills you need to be successful.

 

[joy101]

I think a beginner in forex trading should always have a good plan and also to follow it so that he/she can never make mistake, it is good to learn it very well before trading.

 

[Lens]

The best advice to give is that the beginners shouldn't jump into forex trades rather, they should be keen to getting the required knowledge around forex. They should also practise using the game before entering trading proper.

 

[greenie]

Develop a trading plan. Once you already have a plan, be consistent in following it. Always have a plan on every trade. It may not work all the time, but it can minimize your risks. You can always improve these plans to make them fit every trade you make. Always be disciplined. Even if you badly want to make a shortcut out of your trading plan, control yourself and continue on with your initial plan. This way, you may lose a bit in a trade, but at least you were able to practice self-discipline which you can use in the long run.

 

[Kaffyfolla]

The best traders hone their skills through practice and discipline. They also perform self-analysis to see what drives their trades and learn how to keep fear and greed out of the equation. These are the skills any forex trader should practice.

 

[eLdavis]

When it comes to forex trading, I just can't decide on the skill that is most needed because every skill in forex trading is important. I guess for a beginner you need to have basic knowledge and be emotionally stable as well. It would be useless if you have forex trading skills but your emotions get the best of you.

 

[HayKay]

The best skill I'll advice that a beginner gets to invest in is emotional intelligence and management - once you're able to master your emotions in this market, I assure you have a 30% chance of succeeding in this market.

 

[Lens]

The basic skills is to know your way around the price action. The price action is what you should base your knowledge on for now. Later, you may have to include the use of indicators.

 

[Syldan]

To be successful in forex trading, you need to be someone who is free minded in asking possible questions concerning the time necessary for trading and investment seeking knowledge from those who are good into the business.