Hi everyone, I’m Adam, 27 years old from Manchester. I currently work full time in warehouse distribution and was informed about this site from a nephew of a former colleague. I’ve tried to trade binary options with the help of so called “professionals” and lost quite a chunk of money. After hearing about Forex, I’ve decided to try and learn as much as I can about trading in these markets because I believe the financial rewards can be amazing, however the losses can be just as bad without proper risk management. I trade on the CMC Markets platform with one of the demo accounts to try and understand how the markets work and currently I’m working through the babypips courses and quizzing myself regularly. I’ve also invested in a book called the 3 dimensional approach to forex trading which was advised to me by a mentor so I am trying my best to understand as much as possible before I dive in with real money investment.
The main problem I have is that I don’t have a really high capital… only can really maybe start with £300, so the mentor told me that maybe a wise choice would be to trade at 0.30 per pip with a stop loss of £3 that way I can do at least 100 trades.
Its nice to meet everyone and would appreciate any advice or guidance