As a beginner, I followed these tips which turns out to be really helpful- -Know the Markets -Make a Plan and Stick to It -Practice -Know Your Limits -Keep It Slow and Steady -Choose the right trading platform for you
Also add demo trading which can help you being a beginner learning forex trading more easy than any other useful resources or tips.
practice is more important , no way to deny. but it is really challenging to keep practice for all time at any issues.
Best tips- 1. Patience is the key 2. Learn how to analyse charts so that you can understand price movements easily. 3. To limit the risk, use stop loss while placing trades 4. Develop a strategy and stick to it.
very good tips, stop loss is pretty much a must have to stop you from overcommitting on your losing trade.
As a beginner, I followed these tips which turns out to be really helpful: 1. To begin with, you should have a thorough understanding of the market you are trading in. 2. Always develop a plan and stick to it for a specified amount of time. 3. Continue to practice your trades on a demo account. 4. Choose the right trading platform for you.
A demo account is definitely a great way to practice but making the switch to live trading is very important as well as trading on a micro/cent account as you will learn the risk and emotional management as well.