i am completely new to Forex. I actually stumbled into this site 2 days ago by mistake!! But it is the best i could have ever hoped for.
i have read the first few lessons and i am currently in the school.
My first question is…At what stage do you suggest i open a demo account bearing in mind that i know nothing about Forex at the present time?
Secondly, how do we place a trade? perhaps i am 2 eager as i hope all will be revealed as i progress on the course.
Hey there!
My advice to you is open a demo account ASAP and play along as you go through the school. Make sure you go through the school a FEW times because some of the earlier lessons make a lot more sense after you’ve actually gone through the motions!
Shamoon
Welcome to the site. I would definately open a demo right away just so you can play around with the interface you want to use. Get a feel for how to draw the trendlines, MA’s Fibo, etc. You will get a feel for your platform while learningfrom the school and who knows you might even stumble across a nice idea for a system :). I wouldn’t worry about making winning trades because you can always reset your balance anytime you want to any amount you want. Atleast on Oanda you can which is what I use.
Topgun
thank you for your response. i will do that straight away.
Phil
Why are you waiting? Open a demo now. Get stupid with it. Do everything that you know you shouldn’t do and do things that you don’t know you shouldn’t do. When you blow that account away then get serious and open an account with the amount that you plan on going live with. When you do go live open a micro account.