Yes, intact the meta trader does not fit me, at the moment I am looking the graphics at on line investing web site they have a real good news, calendars and the platform, but it is just to read and cannot doing all the staff, ok I am going to follow the raccomandation, i'll be back :) Thank you and Enjoy
Well second question is a little bit hard to answer in general, but I'll answer my experience.
I see trading from risk/reward perspective. My time horizon is wider than most of the traders you can find. I don't try to get rich fast on forex (not that I don't want too) because it involves a lot of risks. Here you can find a loot of traders who make 200-300% in a month, they get in great length to promote their trading, but in the end they loose all. Best way to go it to limit risks as much as possible, always to calculate what you are willing to loose (stop loss) and never risk loose more than 1% on a trade and never trade more than 3 pairs. So I define risk not with lot size but with % of risk.
To be honest, 1-3% monthly gain is perfect and everything above that is additional risk. Yearly gain 20-25%. In my country time deposits on banks is about 1% yearly why not feel comfortable with 20% a year in forex.
Done, I made a demo account at FXCM in italian, plus I have noticed that is the same platform that I have already seen in a webinar, and fits on iMac, wonderful, but another thing to study :)
About the average income, yes you are right, the money management that I am studying, it looks that is going to save the little account I do have, but, I have lost all the little capital, because I traded in 6 - 8 trades each time, and let say I was lucky for 1 month or so, then my account was rewetted and failed because I did not fixed the stop losses, now I have learned.
Yes 3 pairs, it is good and never more than the 1% of capital, but, the account I do have in demo, ok, now I have 2 demos, but the normal bank, it opens a position and just the 1% limit, but cannot fix the stop loss and take profit, just a point that I don't like.
Hello , I apologize my question, I joined the FXCM in my language, and it is really worth, by the way I am trying to connect a new account of FXCM with Myfxbook with a iMac, do you think is this possible?
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.