Hello :)

Community Introduce Yourself
1

Hello everybody, I am new to forex trading and to babypips :slight_smile:

I have many questions so I will ask a couple now.

  1. I really want to get into forex trading, where is the best to start and what way to take?
  2. Is it a good idea to (auto) copy some traders on etoro when learning to trade on my own? Just to make a little profit in the process…
  3. Is it possible to get very rich with forex trading? Im not asking about get rich quick and stuff, but to get very rich over a period of time.
  4. Are there any successful people here who wouldnt mind telling me their total profit with forex trading?
  5. Are there any bloggers forex traders? Where they share their earnings, stories, etc…?
2

Welcome buddy. Sign up for a demo account and play with practice money to start with. Remember to only shell out cash where you can afford to lose.

3

Hello and welcome to our community! I suggest you get your learning started in our School of Pipsology: School of Pipsology | Learn Forex Trading then put your skills to the test with a demo account. Once you start making consistent returns, you could move on to a live account where you should risk money that you can afford to lose (as mithcd suggested!). I don’t recommend copying other traders’ setups since this won’t really hone your skills very much.

4

Hey mate! To answer your questions:

  1. I suggest you start with the School of Pipsology to learn the basics and to understand the tools/analysis that you will need.
  2. I don’t recommend copying other traders’ setups because this won’t help you develop your own skills. You might wind up being completely clueless once they stop posting trades or if you want to start trading on your own.
  3. It is possible but it requires a lot of skill, discipline, patience, practice… among many other things. If you put in enough screen time and make the right trading decisions, you can be able to achieve your goals.
  4. I think there are plenty of folks in this forum community that were able to achieve success in forex trading. Do drop by the Honorary Members’ Club section if you have time!
  5. You can check out the Blogs section of this website to see the setups being taken by the FX-men. Those are complete with trade updates, too!
5

I think it is quite possible to get rich trading forex. Just be patient, find a strategy that works and manage your risk :slight_smile:
Good luck!