Please House! Is it a proper idea to finish the Babypips School before entering live trade? Since I am a total novice in the forex trading business. Kindly advice and God bless.
Thank you.
Personally before you place a live trade , get your foundation plan in place using the education and test it on a demo , then use a small amount of real money ie the least the broker will allow to test again , as your mind set changes once real money at stake. Once the gains are consistent look to increase bid size as the plan continues to win. Don’t worry if you get it wrong a 100% system does not exist and that is where controlling lose trades pays off.
Best of luck and a lot of good guys here to help you. If stuck drop me a line as at the screens everyday
Kind Regards
Langers
The Scruffy Trader
If you want a feel for real money trading and don’t mind losing a bit of money then trading with micro lots is an option
For sure. Dont rush yourself to go live if youre not 1000% sure you`re ready and demo tested.
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That’s great. Hope you’ve spent some time demo trading too.
Also i would recommend going with a plan would be really helpful.
Go through a few times and then demo