Please help a newbie

About 2 months trading on a demo account, and have moved on to the real account is that trading small accounts, but I feel that I can for more ....

Please give some advice novice trader!

Waiting for your reply!)

@YaelGoldwasser If you plan to invest more, focus on a single instrument or max 2 to study their prices and reach a solid level of expertise. You can increase your portfolio over time - no rush to spend a lot quickly. If you are new trader, consider low leverage setups.

@YaelGoldwasser

If you don't want to spend 10,000+ hours in front of monitors and lose all your Forex funds with 95% certainty (statistically of course), then better to join someone who is already profitable.

You know:

huseinn posted:
@YaelGoldwasser Oh, your question is very open. I recommend you to enter the forums of greater interaction, ask specific questions to those who have experience, okay?

Luck in the trade 😉

Yes, of course 'luck'... as luck has anything to do with success in trading....

Then why not add 'Hope & Pray'...? It works sometimes with Martingales...

hello there
tell me if you want any help.

FxMasterGuru posted:
Then why not add 'Hope & Pray'...? It works sometimes with Martingales...

And on demo accounts 😉

huseinn posted:

FxMasterGuru posted:

huseinn posted:
@YaelGoldwasser Oh, your question is very open. I recommend you to enter the forums of greater interaction, ask specific questions to those who have experience, okay?

Luck in the trade 😉

Yes, of course 'luck'... as luck has anything to do with success in trading....

Then why not add 'Hope & Pray'...? It works sometimes with Martingales...

Well, I just made sure I gave him my good wishes. Although they will not help anything in the trade.

OK. Thanks for the clarification. 😄

bruno3 posted:

FxMasterGuru posted:
@YaelGoldwasser

If you don't want to spend 10,000+ hours in front of monitors and lose all your Forex funds with 95% certainty (statistically of course), then better to join someone who is already profitable.

You know:

And that's clever advice!

Don't you agree, Bruno?

FxMasterGuru posted:
If you don't want to spend 10,000+ hours in front of monitors and lose all your Forex funds with 95% certainty (statistically of course), then better to join someone who is already profitable.
You know:

Sometimes finding the right money manager is also a big challenge. I guess this is easier said than done, though.

Yes, BASICALLY that is how it is...

Of course, there will always be ''Mozarts'', but even Amadeus Mozart learnt playing piano from his very strict COMPOSER, CONDUCTOR and MUSIC TEACHER father - Leopold Mozart - from age TWO...

Almost the same applies to Michael Jackson (and the 'The Jackson 5'). ''Jackson father'' (i.e. Joe Jackson) was a very strict teacher and manager of the Jackson boys...

Apparently one just has to be ''at the right place'' and ''at the right time'' to find such a teacher...

Finding the best teacher is a great short cut to become successful and not only in trading. Good points shared on this topic. Maybe the luck actually comes with being at the right place at the right time 😄 I heard a lot of success stories starting with this phrase.

YaelGoldwasser posted:
About 2 months trading on a demo account, and have moved on to the real account is that trading small accounts, but I feel that I can for more ....

Please give some advice novice trader!

Waiting for your reply!)

It is good that you felt that you can trade for more. But being a newbie I would recommend you to invest some more time trading on the same accounts. As forex trading require lot of experience and 2 months trading on demo as per me is not sufficient. Invest some more time and then opt for high leverage accounts.

Hello,
Just an advise: do not try to make consistent or by all means profit in the very beginning with live account - just try to hold and keep your initial funding in the next few months.

I believe once you made it, you will feel really when you are ready for more :)

I see that it is all about timing - when to start trading live, when to extend your investment. All makes sense to me 😄

That is good, I think you can start live trading. But if you feel less confident you can sign up with a broker who has better social trading system.
Right now Hanseatic Broker offering Social trading where you can copy the top traders by their swipestox platform. (their social platform is almost like FB, which is fun)

kerstin71 posted:
That is good, I think you can start live trading. But if you feel less confident you can sign up with a broker who has better social trading system.
Right now Hanseatic Broker offering Social trading where you can copy the top traders by their swipestox platform. (their social platform is almost like FB, which is fun)

How could the social trading platform help in this case?

YaelGoldwasser posted:
About 2 months trading on a demo account, and have moved on to the real account is that trading small accounts, but I feel that I can for more ....

Please give some advice novice trader!

Waiting for your reply!)

2 months demo trading as per me is not sufficient enough. However, if you feel like that you can trade for more you can go ahead and try it. But if you have any doubt or hesitation then, I would suggest you to invest some more time and later trade effectively with more amount.

I wouldn't move to a live account after two months either, but to each their own, I suppose.