Hello guys,I officially want to enter 2014 and start trading.
I joined this forum because i heard it would give amazing pointers on how to trade and how to make it as a forex trader.
Can anyone be kind enough to put me through the basics as to where do i start trading from, how much would you advise i start with, and any other info you are willing to share.
Thanks guys.
I am expecting a reply. Also eager to learn:21:
You start with baby pips school, while you go through the school, you open a demo account to practice what you’re learning. If you have questions, you post them in Newbie Island, the more detailed your questions, the better the answers will be.
Good Luck
Gp
I used Forex.com from the very start so I recommend them. They also offered FREE webinars from time to time so I also encourage you to join them when you have time…
Good-luck!
Both are good for demo trading. Don’t forget to learn important stuffs before start trading
fxpro and forex.com are good choice, I am also a newbie and I see some good feed-back about them. But start learning at babypips school first.
All brokers are very good for Demo trading. However, do not expect to get same fast execution from them when you go live. Also, do not choose a broker only base on regulation. There are far more better offshore brokers who can give you good trading condition. When it comes to money security, all brokers are risky.
Also keep in mind that the BP school is an introductory course which teaches you the basics of FOREX trading. Before you trade live, make sure you have developed a method or system that works for you on a demo account.
Good luck!
All of the above true and some great advice. Let me just add, you can open more than one demo account and you should as a matter of fact and compare the accounts. When you open your account, use the same amount of starting capital you intend to go live with and use the same leverage you intend to go live with. In other words treat your demo account as if it is your live account. The other thing you should do is while you’re using demo account, ask support a question or two and see how quickly they get back to you.
Very good suggestion, you can really check out the broker with this…
You can check sites like forexsanity, earnforex, forexchurch and others for good broker to start with. Or go to the broker section on this forum, and I want to quickly say that you should lean because of being new, there is always a first time to everything. Just learn and practice, you would get there!