Beginners really must lose?

[Newbie]

People always say that beginners have to lose in addition to make some profits a bit later.
I'd like to ask you why do you think that? Is that the correct way to learn how to trade forex If I already have told myself that I'll lose my money with my first trade?
Is this is the self confidence I need right now while reading technical books?

Thanks for your time..!

[IGAL]

The main reason why people are saying that is because it's too dangerous to have too much self confidence and that is what you'll have if you'll make some profits with your first trades.

[Vivian]

Open a demo account before going live.

[tradehoney]

Originally Posted by Vivian

Open a demo account before going live.

Well yeah.. It's pretty much of help when opening demo account first before going live.. So before starting a career in forex trading, better to prepare for the risks involve in forex so make sure to learn what you have learn and study what you have to study. There are lots of books online which would help you to learn. Trading in the zone by Mark Douglas is a good book. You'll sure learn a lot from it.

I've come across to this video on youtube, YouTube - Forex Traders Who Plan to Win Watch This . This trading group sounds very interesting. I heard that people are having good results with this

I hope that helps.

Good luck!

[zero_digit]

the you tube traders plan are very informative, but is it that hard to trade for a newbie guys?

[Fred Smilek]

You should start with a demo account and test your strategies there. This way you will not only get practice but you will also try and update the techniques your using so that you can get better at finding the opportunities and timing of trades. This will ensure you get over the ‘new traders losing theory’. But although I say this you need to be aware that there are going to be times when you lose even as a new trader or an expert trader and there will be times when you win. You can’t expect to win all the time. Trading does not exist in a perfect environment so you need to be aware of this. But if you test out your techniques and adjust them while using a demo account you should really be on the way to profiting when you switch to live account. Also be careful because paper is not 100% reflection of the real world. I have been filled in paper during extremely volatile news events that never would have been filled live.