Most Important Q to all forex traders?!

[Babysteps]

I think i will start with Alpari with 300$ but Not befor ending my babypip school:-)

Please i have 2 more question:
From your experience guys which currency pairs should i start?
Is it ok with EUR/USD - USD/CHF?

Which leverage range should i start "Margin%" ?

Thanks

[Cdawg]

All of my demo accounts were opened with $250. Because I knew I would at least put that much in.

When I first started out, I figured if I could just make $15 a day, that would be more than I had. When I doubled my account, I doubled my goal to $30 a day.

Dude, thats a 6% daily return, and a wee bit on the high side if you ask me.

Anyway, i'm using IBFX (interbank) trading microlots at the moment whilst learning the ropes and I'm still demo trading as well. You can trade anywhere from .1 of a lot and up to where ever your comfortable. In addition you can basically select just about any leverage setting you want from 400:1 down.
I chose IBFX just cause of the MT platform and the unlimited Demo account (it is supposed to expire after 20 days, but only does if you dont use it), i'm sure others are just as good.

I am demo trading with a $5k account balance cause that is where i will really start when i feel i'm ready, but no rush to do that as yet.

[Trade It]

Now look back at that post and look how I put ''if'' in there. 15 pips a day is very doable for me. Thats why I started at that point. I realize that is a good return, but it doesn't happen everyday, but on average.

Didn't mean to mislead you.

Trade well!

[rhodytrader]

Originally Posted by Babysteps

From your experience guys which currency pairs should i start?
Is it ok with EUR/USD - USD/CHF?

EUR/USD is likely the easier to handle because the pip values don't change as price does, which is the case with USD/CHF. Makes it that much easier for one just getting started to do risk calculations and the like.

Which leverage range should i start "Margin%" ?

As much as will allow you to trade the position size you will be trading based on the risk you are taking on each position.

[Babysteps]

Thanks to all good guys who writen babypip school, Everyday i learn something new and find answers to my questions

I just finished : The Number One Cause of Death for Forex Traders

Very honest and true espically this part:
"Forex trading should be treated as a job or business. Don’t think that just because brokers allow you to use high leverage with a low minimum deposit that you can “make a quick <insert choice of currency here>” or “get rich quick”. Approach the currency markets with respect.

Be realistic in your expectations and be willing to properly educate yourself"