Pakistan Trading Fellow

Dear All,

It is suggested to share your views about trading in Pakistan, knowledge shared locally and recommendation to the new traders that wants to join in.

😄

Hello Nadyr
Iam from Lahore. Good to see a fellow at last.

Recommendations for new trader
1. Educate yourself first.
2. Demo trade for atleast six months.
3. Develop a simple plan, which doesn't require much indicators.
4. Keep eye open for Economic events and for starters don't trade news till you are experienced enough.
5. Only invest the money that you are willing to loose. This way you wont get burdened psychologically.
6. Dont start live trading with a small equity account. Minimum should be US $ 1,000/- Recommended US $ 10,000/-
7. Only trade micro lots(0.01lot) with a US $ 1,000/- account and mini lots(0.10lot) with a US $ 10,000/- account.
8. Dont trade for more then 10 hours full time, your mind needs rest aswell to make proper decisions.
9. Watch out for forex scams, you cant become a millionaire in a day cause this is not a short cut, you are entering the biggest market in the world so always keep in mind that you are nothing here, honestly.
10. Don't give up, your motto should be ' A cent at a time gets me closer to my million'

Good Luck to all the newbies from Pakistan,

It feels good to meet a country fellow.

Dear, I have alot of questions regarding the whole Forex Thing. Would you be able to answer them to clarify my confusion?

Hello TRADEFX, thankyou for joining in friend :-)

Dear Nadyr,
I think i have answered all of beginners questions in my post. If you need more info, then please feel free to ask here. That is why you created this forum so we can learn from each other. If you start making money through forex then i bee happiest one. Regards😄