Quote:
Originally Posted by strykn
jumping into forex first is sure way to wipe your account couple of times
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i expect that, i wont be starting for a loong time, and when i do start, ill be pacing myself, giving myself limits, start with nano and stay there for a while. im in no rush to make a million lol, so just making a few extra dollars here and there would be a great way for me to learn and get involved more.
Quote:
Originally Posted by kchan
a lot of trading tips have been covered by strykn and ulic
one of the main thing most starters should also know is dedicating enough time
use your time, do your research dont trust everything you hear/read
dont expect putting 30minutes a day will help make you money
i know this has been said like a million times but everyone has their own way
i was lucky to grow up in a family where my siblings and parents traded, so I was "taught" but even then I don't completely agree with their views (we all have conflicts here and there) but its because we are able to talk we get more insight/flaws
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lots of tips have been covered in here, and i cant thank those enough for actually pointing me in the right direction
as for time, ive got plenty of it, im on a medical leave from work and i cant leave my house for the next year 6+ months lol.
Quote:
Originally Posted by Ulic Qel-Droma
don't play with leverage yet.
yeah... just use forex as an intro... of how technical trading works etc.
you'll slowly figure it out and you'll realise you can apply those skills to stocks, futures etc. whatever.
as u can tell there's not one way to trade... just keep playing around.
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i plan on playing around a lot before i actually do trade for real.
thanks for the info so far though! that babypips.com site has a forum for newbies, so i'll probably keep most my questions there.