I somehow missed the “Protect yourself before you reck yourself” part of PRE-School:Forex Basics before and I just read it. I find it a realistic but very demotivating part
You should have at least $10,000 of trading capital (in a mini account) that you [B]can afford[/B] to lose.
as if $10,000 is nothing!
Ninety percent of traders lose money
This is insane. So only for example 100 out of a 1000 people make money.
That’s worse than gambling.
Babypips says because of poor training, lack of planning and money managment, but I can’t believe there are so many people that fail for all of this.
I’m 18 and currently have about $15,000 in a savings account, which I never needed to use and I’m willing to invest half of it for Forex after months of training and learning of course, but is it really worth the risk ?
I noticed that the PRE-School test is a lot harder than the others I’m in the 8th grade right now and I actually failed it (first time:eek: ) which means I need to re-do & study that part a lot better.
But seriously…is the first test more difficult or is it just me??
Oh yeah I tested a demo account with MetaTrader 4 and started with $5000 and I’m up $103.87 within 1 hour…didn’t lose ones with 5 orders. It’s probably beginners luck but still very cool:p . but I did make a mistake and closed 2 orders even so zero profit/zero loss, but that was an accident)