Goodmorning fellow babypippers. I’m Deberry, new to the world of Forex!! and what a world it is. Ive been practicing for a month with FXCM and plan to practice with a few more platforms before going live. Still in the process of completing babypips awesome school, possible the best resource ever for a new trader. I plan to play the tortoise for the next several years and realize that starting at a good place is vital. Any advice is helpful! I could really use some money management advice in terms of strategies and methodologies. Good luck this week and for many more!
In regards to tips regarding money management, you might be interested in this DailyFX study on trader profitability based on statistics gathered from tens of thousands of trading accounts. If you have any questions about your FXCM practice account, feel free to ask me questions in the Broker Aid Station.