Before that they should learn how to use it properly. Improperly use stop loss just leads to further losses.

What is a stop loss and take profit?

A lot of people say it takes years to learn to trade though?

No skill in trading!

I completely agree. Unfortunately, those things are easy in theory but not so easy in practice, for some reason.

Forex - Tips for happy trading

And it takes a long time to learn to trade properly,I think.

Making Money is Extremely Simple

Personally, I'd like to meet at least one person who got rich quickly from forex.

Can you get rich quickly from forex trading?

Still, spread widening randomly is not a good sign. And by randomly I mean not during news events.

Widening Spread Keeps Triggering My Stop Loss

The broker factor is very important as well. If you sign up with a scammer you'll lose your account sooner or later for sure. And sadly, scammers are ubiquitous in this industry, it's very depressing. For example, Chinese investors lost an average ...

How much do people make trading FOREX

There are plenty of places one can gamble online for better or worse, but forex should definitely not be one of those places.

Thoughts of a beginner

I never say never, because Forex market is so volatile, but I do agree that what you listed does help a lot.

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Sadly a lot of people don't learn from their mistakes.

How much do people make trading FOREX

Short and to the point, great advice, thank you!

Trading Tips

In my experience most beginners struggle with fundamental analysis a lot because that requires more knowledge about global economics that than they have.

Is Fundamental Analysis Really Useful For Forex Trading?

I would add discipline as well. One needs all three to be successful.

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The CFTC, the United States regulator, the Commodity Futures Trading Commission, warned the public of fake claims of forex, CFD, and crypto firms being regulated and endorsed by the US watchdog. The following entities are the ones on the warning ...

Show me a scam broker

That is an excellent way of putting it! I absolutely agree!

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They really do and it leads to so many wiped out accounts. It doesn't help that many brokers encourage that sort of thing.

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My advice is, don't rush into attempts to make money. Rushing the process of learning leads to failure.

Best Advice You Can Give A New Trader Starting Out

True. And yet so many people overlook that, it's bizarre.

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I had never heard of it, to be honest.

Why do we still lose?

For how long have you been trading?

Why do I trade Forex