Hello ambitious traders! NEW Trader wannabe here.
mac183970
Miembro desde Dec 13, 2019
1 mensajes
Dec 13 2019 at 04:04
My name is Ian and I live in Toronto, Canada.
I'm retired and suddenly I need to augment my income from pension, so I have landed here. I have been mildly trading stocks since May, been trying to understand Options for a few weeks and that's quit a learning curve. I'm told Forex is the worlds largest 24hr market, yet I know little of it. If I am correct that I can follow the brilliant traders here at some cost to be determined, then maybe this is FINALLY the answer to a nice retirement.
I hope this is the forum to have this explained from how to join a mentor, to how to copy the trades. I'm anxious to learn.
Suggestions welcome.
Ian
I'm retired and suddenly I need to augment my income from pension, so I have landed here. I have been mildly trading stocks since May, been trying to understand Options for a few weeks and that's quit a learning curve. I'm told Forex is the worlds largest 24hr market, yet I know little of it. If I am correct that I can follow the brilliant traders here at some cost to be determined, then maybe this is FINALLY the answer to a nice retirement.
I hope this is the forum to have this explained from how to join a mentor, to how to copy the trades. I'm anxious to learn.
Suggestions welcome.
Ian
Professional4X
Miembro desde Jan 05, 2016
1189 mensajes
Dec 14 2019 at 22:57
mac183970 posted:
My name is Ian and I live in Toronto, Canada.
I'm retired and suddenly I need to augment my income from pension, so I have landed here. I have been mildly trading stocks since May, been trying to understand Options for a few weeks and that's quit a learning curve. I'm told Forex is the worlds largest 24hr market, yet I know little of it. If I am correct that I can follow the brilliant traders here at some cost to be determined, then maybe this is FINALLY the answer to a nice retirement.
I hope this is the forum to have this explained from how to join a mentor, to how to copy the trades. I'm anxious to learn.
Suggestions welcome.
Ian
Forex is traded 5 days a week, 24 hours a day.
If you are new to Forex, I would suggest that you open a DEMO account with a highly regulated brokerage with strong guarantees of asset protections. Once you have a DEMO account setup for Forex, I would suggest that it is virtually funded at the same level that you would be trading if it were a real account.
It is my opinion that you should stay on DEMO until you can generate a reasonable profit each month for at least 3 to 6 months (OR LONGER).
The specific strategy honestly doesn't matter as long as it generates a consistent and reasonable profit level.
The difference between a profitable account and a blown account is RISK MANAGEMENT.
Risk management should be the #1 priority above everything else.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Treeny
Miembro desde Feb 08, 2019
135 mensajes
Dec 15 2019 at 17:02
Hi Ian, good luck to ya....
Oghmage
Miembro desde Sep 26, 2019
17 mensajes
Apr 23 2020 at 18:32
Good advice about the demo that's for sure and one of the most important thing is that from what I have seen people really make much more from the stocks and options than from the forex if done really correct way, so keep that in mind;)
forexfat
Miembro desde Apr 24, 2020
1 mensajes
Apr 24 2020 at 01:27
hello guys
feelsofine
Miembro desde Dec 09, 2019
46 mensajes
Apr 24 2020 at 11:00
Hello! Wishing you all the best
Hardolian
Miembro desde Dec 28, 2018
23 mensajes
Apr 25 2020 at 12:25
I am sure that by now you have coe acroos threads about how long a person should take to learn forex before they begin trading for real and it is a very long time. That is the truth but it also depnds on how fast of a learner you are. What I mean is that some people take longer than others because they are not used to learning a lot of things in a short while. Either way it is stil recommendable that you take as much time as you can before you begin trading even if you are a fast learner. The most important part is the demo account. The demo account is where you will get the skills that you need to become the best trader you can be. take as much tome as you can o the demo accoumt. it will determine whether you are fit for forex or not.
Shalinara
Miembro desde Feb 12, 2020
16 mensajes
Apr 25 2020 at 20:17
Welcome to forex newbie. We are all here to discuss important things related to forex. This is a comunity of traders, both skilled and the ones still trying to get on their feet. We all know how trading alone can e lonely but when you are together wth some people then it feels easier. Now that you have joined forex there sre some things that you have to do to make sure that you start of and do your best. The first and very important thing is the acquiring of all the relevant knowledge before you start training. Where we are now, knowledge is everythung. Those who fail forex do so because they do not take thier time to learn what they should. Do not make the same mistakes.
Nazmul Hasan
(lanzu)
Miembro desde Sep 30, 2012
41 mensajes
Apr 25 2020 at 23:34
mac183970 posted:
My name is Ian and I live in Toronto, Canada.
I'm retired and suddenly I need to augment my income from pension, so I have landed here. I have been mildly trading stocks since May, been trying to understand Options for a few weeks and that's quit a learning curve. I'm told Forex is the worlds largest 24hr market, yet I know little of it. If I am correct that I can follow the brilliant traders here at some cost to be determined, then maybe this is FINALLY the answer to a nice retirement.
I hope this is the forum to have this explained from how to join a mentor, to how to copy the trades. I'm anxious to learn.
Suggestions welcome.
Ian
First of all, go https://www.babypips.com/learn/forex
and finish your learning first.
Then open a Demo account and start practising.
It's more about discipline. More you can control your emotions then more you can earn.
It's a new world, it's a new start It's alive with the beating of young hearts It's a new day, it's a new plan I've been waiting for you Here I am....