What is the best trading style for a beginner trader

[Agbalagbaa]

If you are a beginner in forex trading you need to take your time and learn, if you have all the required knowledge you can earn money easily with trading, a lot of people don't get this.

That's true, if you have the right knowledge you are going to be earning a tangible amount of money with trading, but if you don't have idea on what you are doing, you'll lose a lot of money.

 

[Danny4cash]

I also believe day trading is the best for beginners because it afford one the opportunity to review the techniques and system adopted. If the techniques is not working, then you can easily change it.

 

[eenya00]

Lower timeframe analysis has alot of noise and can cause alot of losses.
It is best of align your lower timeframe entry with higher timeframe analysis.
I don't think swing trading would work well for beginners

I also do not think that swing trading would work for beginners as it would be very technical for them to fully grasp the concept and can lead them to a lot of losses at the long run

 

[Chibson]

I also do not think that swing trading would work for beginners as it would be very technical for them to fully grasp the concept and can lead them to a lot of losses at the long run

Yeah, newbies will find it very difficult to be profitable in swing trading or day trading. The only thing that would work for them is if they're able to make simple research and invest for long-term purposes.

 

[Alogakho Esson]

Making people know about your business either through advertisement of block chain of publicity either used of mass media and jungles etc

 

[Setho]

A beginner trader should be more focused on how to use trading indicators and how to dominate the long-term. You are then going to get experienced and start taking more risk.

 

[tyrim88]

If you are a beginner I think that you need to consider doing long term trading don't just trade in lower time frame you need to trade on higher time frame and also try scalping

One of he things that any trader that wants to be very proficient in his trading of forex is that he should be able to take good position and ensure his risk factor is very low to aviod losses.

 

[Bookwormlux]

As a beginner, you can decide to link up with people who share live trade signals from their experience.

it's easier to rise this way than any other method as you won't lose much money.

 

[Genie01]

The best strategy for beginners is the one that gives them immediate feedback of their progress. I believe that day trading is the best and it would definitely help them grow.

 

[eenya00]

A beginner trader should be more focused on how to use trading indicators and how to dominate the long-term. You are then going to get experienced and start taking more risk.

Indicators is something I wouldn't advise every beginner to take very serious as it can be very productive to you as an individual of you intend on been a long term trader.

 

[Yaqoob Habib]

Position trading, swing trading, scalping and day trading are the major types of trading we have.
For a beginner trader, o would suggest that he goes for day trading.
This is because ,it would afford one the time to make decisions and subsequently guage one's progress everyday

If you are new in the field of trading then you have to do very careful trading.Like when you start trading , you do not have any experience about it, so it is better that you do at least trading.If you have a lose in trading then you should think about it. Know its lose reason when you will be able to become a good trader.

 

[Smiles20]

Any of those ones could be profitable , but I believe scalping strategy will be the best since newbies may not be sure of the next market movement and they should try as much as possible to take as quick profit as they can.

It is going to be very difficult for a new person to enjoy scalping because you are going to need very short attention span and very good knowledge in order to enter and exit so I will not recommend.

 

[Shahid987]

Beginner trader will depend on their individual goals, risk tolerance, and level of experience. However, some popular options for beginner traders include:
Long-term investing: This involves buying stocks or other assets and holding onto them for a long period of time, typically several years. This can be a good option for beginner traders who are risk-averse and want to build wealth over time.
Swing trading: This involves holding onto stocks or other assets for a few days to a few weeks, taking advantage of short-term price movements. This can be a good option for beginner traders who are comfortable with a moderate level of risk and have a good understanding of technical analysis.
Day trading: This involves buying and selling stocks or other assets within the same trading day, taking advantage of short-term price movements. This can be a high-risk option and is not recommended for beginner traders without a strong understanding of technical analysis and risk management.
It's important for beginner trader to do their own research, understand the market and their own risk tolerance before they start trading.

 

[Abigael]

If I were to start forex trading, I would start with day trading. That is where I advice newbies to start from. It is simpler than the other methods of trading and it is easier to manage.

 

[Syldan]

For every newbie into online, there is something to start with. personally I believe knowledge is the first and most importantly in all forms of business. try hard to get the knowledge.

 

[Planbizzle]

Position trading, swing trading, scalping and day trading are the major types of trading we have.
For a beginner trader, o would suggest that he goes for day trading.
This is because ,it would afford one the time to make decisions and subsequently guage one's progress everyday

The ideal trading technique is usually a conservative strategy that entails trading just the major currency pairings and concentrating on long-term patterns. This trading technique helps traders to gain more experience and enhance their knowledge while avoiding excessive risk. Holding trading positions open for extended periods of time can also help to alleviate the effects of market fluctuations.

 

[tray59]

For every newbie into online, there is something to start with. personally I believe knowledge is the first and most importantly in all forms of business. try hard to get the knowledge.

Knowledge is the best thing that is why I always say if you want to trade why not hire someone who can teach you the basics it's one of those ways which you can trade safely,webinar is another good way to acquire knowledge to trade well

 

[eenya00]

Any of those ones could be profitable , but I believe scalping strategy will be the best since newbies may not be sure of the next market movement and they should try as much as possible to take as quick profit as they can.

I don't like scalping strategy and I don't think it is advisable for beginners to use that strategy as they could lose all of their profit in a twinkle of an eye as the risk is much when scalping