Please Help!

Discussion in 'Newbie Questions' started by trader6, Oct 25, 2012.

  1. trader6

    trader6 Banned

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    Trying to educate myself on the market-trade business. I think it is important to invest. I have a mutual fund but is managed by a firm, I just make deposits. I want to do something outside of that. Where do I begin?
     
  2. Enivid

    Enivid Administrator Staff Member

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    You can start by trying trading on your own on Forex. But open a demo account first to see if you can handle that.
     
  3. candle7779

    candle7779 Banned

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    Well I would recommend to try with demo too. And maybe you can use for beginning with some free signals or forecasts of others experienced users. As to me it was rather useful and profitable. And only after that it is possible to use your own mind and forecasts of trading.
     
  4. Fxpipper

    Fxpipper Master Trader

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    There are quite a few online resources, would suggest you start with that and move on to demo. And after a few weeks, evaluate yourself and come up with a strategy for trading. Remember, when it comes to live accounts - start small.
     
  5. candle7779

    candle7779 Banned

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    What kind of online resources do you say? Maybe there some ones which you can recommend?
     
  6. Fxpipper

    Fxpipper Master Trader

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    Sorry, been traveling and could not reply right away. On resources, you can review the following -
    Babypips school of pipsology
    The stickies in this forum, some of which contain detailed info on trading,
    Search google and youtube for basics of forex trading, the videos are self explanatory
    On brokers, you can review forex-ratings..let me know if you need anything else..


    [links removed]
     
  7. krecex

    krecex Trader

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    Learn some basic from e-books. Youtube has also provide the basic video training. You may start learning the easiest way first: candlestick. Second, practice with demo account, keep doing this until you can minimize the lost.

    Happy trading
     
  8. Fxpipper

    Fxpipper Master Trader

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    Try babypips and yeah, the links were removed - sorry forgot about that and to the poster, go to youtube in addition to google and review some of the basic fx videos - there's a whole lot out there and most are quite good.
     
  9. richard branson

    richard branson Banned

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    Ya, First you should learn about the investing method & news from online sites, articles & blogs.
     
  10. Fxpipper

    Fxpipper Master Trader

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    Online websites yes but on articles, most of the ones doing the rounds are old or archived ones. So you may get the basic info from the online articles and do have to point out that most are nothing short of an affiliate post with a link back to "learn how to become a millionaire overnight by joining my class" kind.
    There are a few good ones, free and available online so you need to google it, do the research and select the good ones. Tip: If the article contains a link to a sales page, it is not worth your time to review it unless of course you want to enroll in the school or purchase the EA..
    Sorry about the rant, just reviewed one of the so called articles and you guessed the rest..hit delete and that's all he wrote.
     
  11. abir_r2r

    abir_r2r Banned

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    Once you have made your decision on which broker you like the best, it is time to open a demo account. Most brokers will offer at least a 30 day trial of their trading platform giving you a chance to trade on the platform using play money.
     
  12. Fxpipper

    Fxpipper Master Trader

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    Yup! All brokers will offer a demo account on all their account packages, and it usually comes with a time cap. But at the end, if you think you still need to continue with the demo, drop a line to the broker and ask for an extension - most will oblige for obvious reasons.
     

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