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i would like to start my trading with liteforex broker, and i have a question. Which trading strategy is recommended for newbie?
Since the Demo’s are free of charge you could open a few and test your ideas at the same time.
i would like to start my trading with liteforex broker, and i have a question. Which trading strategy is recommended for newbie?
You need to trade on way that most suit your temperament and nature. One general mistake that almost everyone newbie made is trying to scalp the market. This is what you have to avoid in beginning, because you will not be ready to accept the loss quickly when the market turns against your positions.
Try to use larger charts and trade with small positions in the beginning and then try different styles: day trading, scalping, swing trading, long term etc. and stick to way which fits you best. Also, try to select the markets that you like :)
Greetings,
You need to trade on way that most suit your temperament and nature. One general mistake that almost everyone newbie made is trying to scalp the market. This is what you have to avoid in beginning, because you will not be ready to accept the loss quickly when the market turns against your positions.
Try to use larger charts and trade with small positions in the beginning and then try different styles: day trading, scalping, swing trading, long term etc. and stick to way which fits you best. Also, try to select the markets that you like :)