Just finished reading Babypips education and am looking for a location for MT4 user guide and would interested in suggestions for reliable broker with unlimited demo account (if possible). thanks for any suggestions
On MT4 you can try IC Markets https://www.icmarkets.com/ for a demo and live trading. Next steps? Try out a few strategies on the demo to find something that suits you, then try to fine tune it. You can open a live account with a small amount of money and when u meet reasonable success on the demo, try to replicate it on the live. Only use a very small amount, just to familiarise yourself with the difference in psychology between trading paper money versus real money.
Personally I would say explore other trading products like futures and options and also explore other markets as well, indices, equities, commodities etc… I am starting to think starting your trading career with FX is probably a bad idea, indices and equities seem like an easier introduction to markets and trading.
As a new baby it is quite impressive that you have finished your educational courses on Babypips. however, you should also check other theoretical aspects like You Tube videos, online trading courses, etc. By this process you can go for the demo trading accounts of some reliable and regulated broker.
thanks for your suggestion. I traded commodities years ago (learning via KenRoberts).
Learning forex has been quite interesting with Babypips. I was with ApiaryFunds (they had education area also), although I liked them, I can’t see going back and paying $100US monthly just for demo trading.
I looked that the top rated forex broker site and started looking at Fxtm but there are so many complaints about them that I decided against them.
I am thinking that there will always be complaints, so the best way to find good brokers are from actual recommendations, do my research and try them out. thanks again. Sylvia
I checked out a number of YouTube videos, Adam Khoo, it’s so darn easy-Yusef Scott, spartan trading with Niko trading academy, and there are others systems, robots, etc. Most of YouTube videos do not mention their brokers. I have read price action by Anna Coulling. and there is price action with Nial Fuller. These last 2 are British and I was looking into American/Canadian brokers because that would be closer to home.
If I am trading online, does it make any difference where the broker is from?