I just started using the demo at forex.com and was given 10k. I made $500 with 1 lot of GBP/AUD. If i would have started with 1k would i have made the same amount? I got it at 2.30917 sell. Now it is at 2.37337. If i am not mistaken this would have cost me $230 to get right? Or ist there a glitch in their system. I cannot believe i did this good. thanks in advance
Well, I’ll be the first to welcome you to the forum. There are a lot of great folks here that have a good deal of knowledge, so if you have any questions don’t hesitate to ask.
I’ll also be the first to suggest (if you haven’t already done so) that you go through the BabyPips school. It will help you out a lot! It will be suggested a lot, but study money management for your trades. That is possibly [I]the [/I]hardest aspect of trading.
Good luck in your forex journey.
-j
Welcome to a great place. JMichael is right, check out the school it’s the best place to start. Money management is important as well as figuring out Margin vs. Leverage and pip value. There is alot to learn here and lots of good people to answer your questions. Good luck and happy learning.