Just want to say hello to everyone and ask some questions.
I am new at this stuff, I have read alot of materials, as a matter of fact I think I read too much now Iām just totally confused.
I have been trading demo account through fxcm.com, not using any system or anything, just peer feeling. lost most of the timeā¦lolz
I just spent some time reading through posts here and found some info to be very informative, such as ātrading systemā and such. since I have nothing to lose at this point, i am willing to give anything a go before I open a real account and waste my hard earn money. Any recommendation will be appreciated.
Another thing is; I see a good number of folks mentioning MT4, now with fxcom iām using trade station, and i donāt know if using mt4 would mean i have to open a trading acct with mt4 owner (brokerage)?
what do you guys use, for brokerage and for charting software and what system works for you. please show me the way as iām lost.
oh, any chance you guys have a IM group or some sort? because post sometime takes forever, but with IM, one can exchange ideas instantly.
Usually I just use MT4 for and figuring out when to enter/exit , but I use a different platform for trading, oandaās a good pick if you want to open a real account.
Mt4 and Oanda are pretty good. My live accounts are with FxSol. I take serious advantage of the leverage and small lot size. Check out the [U]where are you?[/U] thread. I have know idea who the author is. The information is very good. Keep your head, trade many demos, and keep going. You will soon find your spot in the Forex world.
Iām demo trading at Oanda, working on an experimental system just to gain experience and get a feel for different market conditions. Iām not going to trade real money until Iām sure I know what Iām doing with the fake money. Of course, I suggest you hold off on the part about trading real money as well.
If youāre feeling confused by the sheer amount of information available on the forex, try working back through the school here at babypips. They break things down into idiot-simple chunks, and you can easily review any lesson you like.
Pay particular attention to the parts about money management. That is much more important than learning any special āsystemā. If you donāt learn to assess your risk and keep what you earn, you wonāt stay in the market long enough to gain the instincts of a seasoned trader.
It aināt a sprint, itās a marathon. Make sure you can go the distance, or youāll surely burn out.