New to forex, can you help please?
- Thread starter tezmay
- Start date
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I am reading up on forex and getting to grips with it slowly, using several resources available to me but i will also try the newbies guide you recommended, thanks enivid 🙂
Easy trader, could you recommend a good broker that offers a demo account with good customer service as i imagine that i will be contacting them a lot for help 🙂
Many thanks
Easy trader, could you recommend a good broker that offers a demo account with good customer service as i imagine that i will be contacting them a lot for help 🙂
Many thanks
With a demo there is no need to contact the broker. You can use a search engine and download one or two, pick ones that seems to be the most popular. I personally don't make broker recommondations anymore, its a traders job to excersize their due-diligence. I can tell you I use FXCM and Alpari, and have demo traded with tons of others. You can always open new demo accounts.
As easy trader said, for the demo the broker is not that important. Look for some broker with MetaTrader 4 platform and open a demo account. Some of the leading brokers have their own platforms except MT4, which are based or close to MT4, so pick 2 or 3 leading brokes and test them. See which platform is more easy to you and suits you best. I suggest to read forums and discussions and make your own moves based on analysis and news rather than some automatic software. Once you start 'winning' on your demo account, you will have gathered all necessary experience to find your broker by your own and start trading with real money.
Do the demo, all brokers offer demo accounts and should you come across one without the demo, run for the hills. Start with small steps, do not rush in and remember, most of the info, edu resources listed by your broker will not be complete.
In other words, you will have to take the initiative to learn more about Fx and seeing how you've made your way to this forum, nicely done!
Good luck and check out independent reviews on brokers. Do not join up just 'cause someone recommends broker X..
Happy trading!
In other words, you will have to take the initiative to learn more about Fx and seeing how you've made your way to this forum, nicely done!
Good luck and check out independent reviews on brokers. Do not join up just 'cause someone recommends broker X..
Happy trading!
if you are new to forex, first be ready to study. it taks time to be professional from novice. study the techniques, study how to analyze the market, study to develop your trading strategy. Make reasonable expectations for profits. I am using Hotforex, i'm satisfied with it, I think you can open a demo account there to have a try.
Yes, there is no best trading strategy. One strategy may work for one but it is not compulsory that it will work for all. All prominent brokers are good for newbie even I prefer to AVAFX.
I would be doing a lot of reading and going to sites that give away free info/courses and learn as much as you can.
If you have the option I would even look at getting a mentor to guide you through your new chosen path.
Some sites even have a free personality test to see if your suited to trading or even give the area's you may want to work on.
Cheers
If you have the option I would even look at getting a mentor to guide you through your new chosen path.
Some sites even have a free personality test to see if your suited to trading or even give the area's you may want to work on.
Cheers
If you are beginner then you should learn about the how to trade in forex market otherwise you have maximum chance to lose money. Take a close look at how trading occurs by reading article or blogs related to forex trading.After learning you can start trading with small amount of money to test your expertise and day by day you can increase your investment amount on trading as your experience in trading. Then You will be a successful Forex Trader.
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school of pipsology is a good place to start and its free (google it) you get the basics from there, stick with demo never trade live untill you are sure about your working strategy and you have spent enough time on demo. when choosing a broker just open demos with a couple of brokers and check out there reviews and feedbacks stick with their demo and compare them if you may,
its hard to recommend a broker since not a lot of us have traded with lots of brokers, though currently im also with hotforex. best of luck
I would suggest that you focus on Price Action. Search for it on google and read as much as you can. Then demo trade on larger time frames like 4h charts or daily charts.
I will go along with that. The most important thing in Forex trading is the price. When you have a complete understanding of price action, Forex trading is a breeze. 🙂
