Hello New Trader Here

[daniellefr]

Do you have real $50,000 to invest? Demo account is fun because:
1. You get a large sum to play with
2. The money are virtual and not yours

When you start trading live, things change. Usually you open an account with $100-$1000 and you meet with tones of psychological issues on the way.

Don't want to shoot the pink elephant, however don't jump into conclusions based only on demo trading.

[Pinalli]

Originally Posted by daniellefr

Do you have real $50,000 to invest? Demo account is fun because:
1. You get a large sum to play with
2. The money are virtual and not yours

When you start trading live, things change. Usually you open an account with $100-$1000 and you meet with tones of psychological issues on the way.

Don't want to shoot the pink elephant, however don't jump into conclusions based only on demo trading.

Interesting! Well demo is good only when you are practicing, once you are smart enough and want to make money, enter Live trading and face the real challenges of the world.

[Forex247]

Don't give up trading Forex. It is more than gambling and you will see this if you stay with it. Forex is essential to the functioning of the world. Learn on your demo account as much as you can before risking a penny. Stick with it buddy.

[Pinalli]

Yeah! Forex is rewarding!

Many traders trade frequently and always like to be in the market. They think that in FOREX trading if they are not in the market, they will miss a move, or that by trading more frequently, they will make money - wrong!

The big moves in FOREX trading, with the best risk to reward, come a few times a year, and you should trade infrequently.

Focus on the trades that make the really big gains

[Elmira Nancy]

I'm new to The Forex. Ive read books and have been practicing with paper accounts for a while. I'm ready to jump in, but I'm kind of nervous. Does anyone have tips for beginners in Forex Currency?

[Enivid]

Originally Posted by Elmira Nancy

I'm new to The Forex. Ive read books and have been practicing with paper accounts for a while. I'm ready to jump in, but I'm kind of nervous. Does anyone have tips for beginners in Forex Currency?

Don't jump from demo into full real account. Try depositing some small amount and see how you do on the real account without risking too much. If you are profitable then you can increase your real account deposit to a desirable amount.

[Sofia]

That's a good piece of advice enivid. Every trader says this. Try demos, practice thoroughly and then start live trading. this makes the foundation strong and will help you in all future trades.

[Pinalli]

Originally Posted by FXexpert

That's a nice chunk of profits for taking a nap

yea... quite interesting and impressing.

[piptrader09]

Before signing up to a broker you must be informed whether the broker is a Market maker or an ECN broker as Market making brokers charge higher spreads,generally. I aa using a WSD -FX mt4 platform and they offer tight spreads.

[civic]

Originally Posted by boswood

Well I did a bit of research today and checked what the experts had to sat on the aud/usd and I opened 60 positions opposite to what they were saying no stop loss no limit and had a nap for 5 hours.

When I woke up and checked back in I was up 24,000.

I dont think I will bother with this.

Better I just Keep making my $200 a day working and save my money to spend.

This just seems like another form of gambling

educated gambling but gambling non the less.

And gambling is for suckers.

Hi Boswood, i'm new to Forex trading.. May i know what type of research have you done ?