3 Tips for Forex Beginners. You Have To Know This!

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12 forex tips for a beginner from a beginner

Tips for a newbie on forex from a beginner with 1 year trading experience. What are the main mistakes a newcomer to the forex market makes. What difficulties does he have and how to deal with them.

There are a lot of tips for trading in the foreign exchange market, but they are all of a general nature, so newcomers violate them. But in everything you need to know the measure. Over the year of trading, I have developed some opinion regarding trading, and I want to share my little experience with some tips for a beginner.

  1. Everyone is advised to run a trading strategy and start trading on a demo account. I believe that on a demo you only need to learn how to press buttons, and everything else needs to learn in real life. Of course, these should be cent accounts. Yes, Forex trading requires investment. But let it be 10-20 dollars, which will not bring you significant financial inconvenience in case of loss. Again many Brokers provide free reals for trading with the ability to withdraw profits. Such accounts can be up to $ 500. This is a great opportunity for a beginner, you can not even trade on your hard-earned money.
  2. Based on my own experience, I can say that newcomers most often can make a mistake with the entry point, the size of the take / stop. Of course, over time, everyone will learn to more clearly define these points. But first, I advise you to close deals with a profit of 20-30 points with your hands.
  3. If your transaction has been in a drawdown for a long time, and you have finally reached zero or profit, close it immediately, do not wait for a profit. Most likely, there will not be any profit, since a mistake was made with the input initially.
  4. Before the release of important news and speeches, I advise you to close the profit trade or at least transfer it to breakeven.
  5. Learn the main points of technical analysis – patterns and levels. Track their work on history. Most likely you will find many patterns. To trade, choose the most technical currency pairs, it is better not to trade cross rates.
  6. Do not look for the Grail, better create your own. The simpler the better!
  7. Read analytics, but do not trust it 100%. Listen to the inner voice and make a deal only if you are 100% sure of it.
  8. A separate topic is stop orders. It is best for a beginner to trade within the day, since long stops need large stops to trade in the long term, and a beginner cannot pull them.
  9. Beginners very often overstate a lot, opening several transactions in one direction and an overestimated volume. I advise you to quickly close them upon reaching the total profit on all transactions, since the opposite is fraught with a drain of the deposit. Of course, it is better not to practice such trading in principle.
  10. I advise you not to wait for profit in the first year of trading, most likely it will not be. Do not despair! Not everyone makes money on Forex, especially in the first years of training.
  11. Do not have high hopes for a quick and large income from Forex trading.
  12. Do not get arrogant and do not become dependent on the market. You cannot change anything.

Surely you will have your own items to add to this list. Let’s discuss them Online.

What are things you must know to do forex trade?

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What are things you must know to do forex trade?

The live Forex markets no matter which one you chose to work in are an intimidating and brutal for someone who starts off with the wrong information and they can be a mysterious, murky, and complicated place for the ill advised. By following the advice in this answer post and keep it simple and take it very slow and absorbing every detail you can have the best chance for a high probability outcome as a successful market participant. Should you decide not to listen to what it says, you will have a verrrry looong and expensive journey and you WI.

3 Tips for Forex Beginners. You Have To Know This!

1. Choose the right tank for you

Every tanks has to played differently to have good results. So choose a line which forgives mistakes e.g. the soviet heavy line or the american heavy line. These are usually beginner friendly lines due to the bouncy armor and good cannons. Your tank has to fit your playstyle or you will be frustrated very easily and the game should be played for fun in first place.

2. Lern your role in the battle

You chose a tank and you are ready to fight but you don’t know what to do? It’s very important to know what you have to do and how you should react in various situatons. The easiest way to learn this is to watch/read online guides to your type of tank. Here is a short summary of the tank roles in general:

Heavy Tanks —> Those are usually heavy armored tanks with much health and are best in protecting other tanks from damage.
Medium Tanks —> They support heavy tanks or they try to sneak up from behind .
Light Tanks —> They are also in a supporter role but are most common as scouts and trying to keep the enemies visible.
TankDestroyer —> The snipers between the tanks. Usually longranged and heavy armed tanks. Try to avoid confrontation.

3. How to spend XP, time and credits

I recommend playing one main tanks at the time. What many players do is they start a tank line here and there and at the and they have 7 different lines they wanna grind and no credits. Especially at the beginning you can’t afford to buy every tank you want so just play one tank at a time (max. two tank lines). You also grind your main line faster and you reach the big machines.
Another (for me) important aspect is that you should research every module you can so later tanks can usually use these modules again. Most tanks are reaching their full might when they are fully researched. Every tank can be played successful.

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I see many players just auto-aiming and shooting and then raging about the game. It’s important to knwo that every tank has weak spots. Look them up online, in guides or find out for yourself. Aim for these spots and your shot goes through armor easiely.
If you shoot, shoot only when you are covered. A simple rule: avoid getting damage before deal damage. And you will be alive longer.

Play with other players in a platoon! If they are better than you, you can learn from them playing. You can find platoon mates if you simply ask in chats who wants to play platoon Tier XY. You’ll maybe find new friends :)

2x XP reward for the first win of the day is an intentional game motivation. But it can be a trap! If you have many tanks don’t try to get the 2x XP reward for every tank. Your winrate will suffer because you cant’t really get into playing a type of tank if you play different tanks. I recommend to choose 1-2 main tanks and just play with them. If you have 2 tanks, choose tanks which are played similar.
When you die in a battle you can play with your 2nd main tank. Although it’s better to stay in the game and watch other play and learn from them. (You can even learn from their mistakes)

Use them! They can make the difference between losing and winning. Don’t save your credits on this stuff. You can even use premium ammo BUT not as you main ammo. If you use premium ammo, use it just in emergency cases. (1-5 HE Shells are recommended for tanks without armor)

Doesn’t matter if you’re in a platoon or not. Don’t forget that this is a team game! Don’t drive alone or you die early in the game. Don’t block your teammates or they will die. Help your teammates if you see they are in trouble.

Use the chat to give important information or simply use your hotkeys F4-F8. These commands are maybe life savers and you should really look in the chat for them.
And always remember: It’s a game. Don’t insult other people just because they are bad. Instead tell them what they do wrong and help them make it better next time. If you’re getting insulted in the chat, simply ignore them. You know better and they are probably just mad. Stay cool and don’t let them distract you from playing this game

That’s all I can think of and if you have any questions or you saw a mistake I made just let me know. I’m sorry for any spelling mistakes or just mistakes in general.

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