Hello all,
My name is Nick and i want to start trading 1st because is something I always wanted to try and 2nd because i want to progressively be able to make an income of this.
I have been studying technichal analisys but was focused on stocks, but due to the restrictions in PDT and time to trade (schedule) i want to swicth my focus on FX.
My first question will be what is the best plataform to start paper trading?
Thanx a lot to all!!
The best platform is one that suits your trading style. Bear in mind Forex trading is not, and never will be, an income provider. At best it’s profitable - some pro traders could wait months before a suitable trade opportunity occurs.
Thanks a lot, will have it in mind…
I’m in no rush whatsoever, so I plan to learn and practice with patience…
You can do whatever suits your trading psychology. You can try different types and see where you belong. Keep experimenting and good luck.
When you have set your goals and know where you are heading, trading forex becomes quite easier. You can make decisions according to your requirements because you will already have an idea of your destination. Just make sure that you choose the type of trading that fits your personality.