Hey guys,
Just started trading on a demo account, after having read babypips.
opened with £500 on a leverage of 1:20. The plan is to make around £100 a week (eventually). Any suggestions on where I can begin? I work 9-5 so need to figure out a way to trade around that since I have a blackberry, and there doesn’t seem to be one decent app to use during the day!
Currently I’m an idiot. Theres so much stuff out there, I have no idea where to begin!
First thing, realize that £100 a week will require much more money in your account than what you’ve go now (think multiple factors of 10).
Second, as you seem to have already realized, you need to identify the timeframe that best suits you. That means the timeframe that will allow you to consistently attend to the markets with sufficient time and focus. Don’t get hung up on the idea that you have to day trade, or even swing trade.
IIRC Oanda supports a couple of Blackberry phones