Hi all.
Im Jase, a retailer from Kent, UK. Ive been reading up on FOREX for a while now unleased myself into the world of forex about a 3 weeks ago when i felt like a had a grip on my Demo account. I went live a made £1000 in the first two weeks before i hit a few snags. I was using the Plus500 platform as i could understand how it worked fairly easily and i could get my money out with the time frame they said. To be fair, they have been ok, its my trades and poor quality controls that let me down last week and today.
Ive been working through the school of pips and have been a peeping tom when it has come to the forum etc.
Where is the best place to ask questions like, where are the best charts online, what is the best beginner platform?
Cheers in advance, Jase.
Welcome ro babypips Jase. I am only new too So cant truly answer you completly. I think pip school is a good srart. I amabout 1/3 way in to it. Chck through forums also has some great points to learn. As for live trading Money management is a must. No more than 1% of account balance on a trade. If loose 4 in a row halve trade size. My plan when I go live 2 loses in a day walk away. 5 in a week no more fore week. 10 in a month no more for month. That is in a row with out a win. Gives head time to clear and keep emotions out of it. Also i was advised here when I win after 300 consecitive trades and 6 months I will be ready to go live. My personal goal there I would like maybe 45 or 59% win trades and see maybe 20 or 25 % increase in account. Sorry if this is long winded but that can be me.
Happy Trading and all the best with pip school. John.