Hello world!Hello baby pips community!I eventually decided to join this forum and hopefully you will tolerate me as i am.:pI’m a newbie but now i stragling to learn about the fx world as much as posible.I graduated the baby pips college and I downloaded some free e-books from forexsniffer about forex basics,money management and strategies and i started to learn step by step.
I also opened a free demo account and started to practice trading but unfortunately after i doubled my initial balance i lost all my money No problem,as i read it, Trade,trade,trade So guys please tell me what should i do first,where should i start?the books from forexsniffer are good or bad?i also saw i book on their site and i want to buy it Forex Simplified Is it worth the money?Thank you very much for your advices.
O,i forgot.do you want to initiate a little forex contest for newbies?we all start at a specific date with a fresh demo account and after 2 weeks who earned the most money(pips) wins 100 $.is it ok?
Hi td
welcome to the forum. Spend some time reading the various threads here. You really need a strategy that incorporates proper MM and r/r.There are many simple strats available, here and on other forums. Find one with an active trading thread, many have experienced traders that are willing to assist novice traders
best regards
Dave
Having given this some thought,I do not think that this is a good idea. All novice traders must develop at their own pace and however well intentioned, to initiate a contest may well instill bad trading habits. There are many trading strategies and it would be impractical to compare position traders with intraday traders for example. Trading requires patience and discipline neither of which, I think, would be promoted in this way
best regards
Dave
i have doubled my initial 10.000 $ account in 1 month FINALLY
Now i want to experience a real fx contest and i registered to a very exciting fx game with lots of prizes(xtb).i’ll keep you updated.wish me luck
you can access xtb.ro and enter the competition.good luck!until 1 april you can play and practice for free.i’ve also opened a demo account an etoro from forexsniffer[dot]com and hope i will manage the competition.