Starting off

shahmuz · June 18, 2011, 1:13pm

I’m really sorry if this is the wrong section to post this in i’m new to this site.

I just needed some help on a few questions. My capital is 4000 pounds, I was wondering if you think this is enough to start off with and at what leverage. Also what website is best to go with.

Thanks for the help in advance.

johnnykanoo · June 18, 2011, 10:53pm

Shahmuz welcome to babypips. I recommend that you go through the school and learn all the basics. I would think 4000 is a nice start but it won’t be nice if you lose it all. I love expert advisors and I think you can succeed with them but only if you know enough to monitor them.

Anyway good luck

shahmuz · June 19, 2011, 9:14pm

Thanks for the help, do you think interactive investor is good for trading?

johnnykanoo · June 20, 2011, 11:36am

I’m sorry I am not familiar. I trade using the Metatrader 4 platform.

shahmuz · June 20, 2011, 11:41am

Okay, what leverage do you think is best to start at? thanks a lot again.

johnnykanoo · June 20, 2011, 8:57pm

I get as much leverage as I can doesn’t mean I use it all. Its like flying a 747 jet. you only use around 20% power but there is plenty in reserve if you need it. I never come close to using all my margin but its nice to have a lot of margin to play with.