A newbie should be, first of all, Demo’in with real money.
Throw down $50 on Oanda Mini,
This is a game of PIPS, which translates into + or - depending on your strat,
Learn to count pips first, then the money will follow,
Start with a dollar is you want, the matter of fact is, you can only Leverage what you have available, and that % will never change, reguardless if its $10 or $1000
And, I want o actually add this, Test strat with Demo, when your comfortable, then go to real money, but there is no need to gamble away $1000’s when you dont know whats going on to begin with…
Just keep in mind, THis is a game of PIPS, The $$$ part is a smoke screen to trick the mind.
There is a differance in losing pips when the pair jumps out of the blue, and losing pips due to not haveing the proper knowledge of whats going on.
Learn to win, EVERYTIME, and the $ will follow suit,
- Like I should even be writing in this thread, LOL…