First Time Trader

Hi! I’m Cacy and am new to trading. I’m a musician first and foremost but am looking to supplement my income and learn about what’s going on in the world. Definitely have been interested in Forex for a while, just haven’t had the time until now to get into it. Any advice for someone just starting out Thanks in advance!

Hi Cacy

Welcome to BP

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Focus on not losing money, first and foremost and let rewards, if any, take care of themselves.
Fx trading is a highly speculative negative sum profit and loss game, which means both ‘income’ AND ‘expenditure’, so be prepared to guard your capital at all costs. Without money you cannot trade.

This is the reality, not what social media marketing hype tells you - that’s fantasy land.


Welcome Cacy! Take your time, focus on learning and do not rush into trading with your real money.

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Welcome to the community, Cacy. Start with the education section here. Then as you go along, open a demo account to practice what you’re learning. Good luck on your fx trading journey.

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