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I'm new to Forex trading and looking for some advice

Curran (sareen)
Jan 26 2015 at 11:05
63 posts
myfxpt posted:
Lswilliams posted:
Hey all,
I'm new to forex trading and I'm just looking for some advice and guidance, I'm Lewis and I'm from the UK and currently a final year student (I study film and philosophy), I have no real experience in trading, I have traded on a demo account for the last couple of weeks, but I know trading for real is different, so I'm just looking for guidance or help, to help me learn the market quicker or some information I can study to improve my trading skills. I will attach a image of the trading I have done so far on my demo account, so far I have just been listening to the news and following what they have been saying and depending what they have been saying I buy or sell. I have no idea how to predict what the graph will be next etc I have tried but failed. Anyway if anyone can help me or give me guidance to improve my trading skills quicker that would be great. 😎

Great website.

When you lose, don't lose the Lesson
Curran (sareen)
Jan 26 2015 at 11:08
63 posts
Post_Tropical posted:
first of all don't use eToro. They are horrible.

Couldn't agree any more with that statement. eToro charge extortionate spreads and there is very little transparency in what you see compared to what you get.

When you lose, don't lose the Lesson
Bob LLewellyn (ForexAssistant)
Jan 26 2015 at 14:53
465 posts
ColiseumFX posted:
If you're new to trading please be prepared to blow your account more than a couple times before you even have a idea how the market works.

That is no longer necessarily true, although it was just a couple of years ago. Now there are proven robotic systems that allow you to start earning while you're learning, or learning while you're earning, your choice.

You will be able to see for yourself how the robotic systems work and tailor the different aspects to suit your mood. Let me suggest that you download the PIG (Passive Income Generator) and use it on a demo until it hits you that there isn't any reason to not be make real money with it. All of that will come on its own.

For those that live outside the US, you also have the option of trying out RISE, the only program that traded for 15 month, over 3000 trades with zero losses. Won't work under US limitations but it won't cost you one cent to find out how well it will work for you as a main income or part of a diversified portfolio.

You can get both from Currently we are working on a training program to make learning the various systems even easier. The world has changed and unfortunately many traders are having a hard time adapting. Everything is becoming automated and there are traders that like the robots so well, that's all they do, but in addition to doing actual trading the robots can teach you a few tricks as well.

If you would like to see the curves of those two programs, I have been running both for over a year and you can see the curves, the open trades and the history at for RISE and for the PIG.

where research touches lives.
Oct 30 at 12:37
81 posts
Tips for Forex Trading Beginners:

1: Know the Markets. We cannot overstate the importance of educating ourselves on the forex market.
2: Make a Plan and Stick to It.
3: Practice.
4: Forecast the “Weather Conditions” of the Market.
5: Know Your Limits.
6: Know Where to Stop Along the Way.
7: Check Your Emotions at the Door.
8: Keep It Slow and Steady.

Nov 10 at 11:47
661 posts
A common mistake made by a lot of novice traders is to dive straight in, but you shouldn’t enter a trade until it’s been well thought out.

Nov 10 at 14:07
355 posts
And how are you doing now?

Nov 10 at 16:33
644 posts
Take the time to study currency pairs and what affects them before risking your own capital.

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