To be a smart & wise trader is a long time process. It's possible to be a lucky man in your first trading, but it's not the aim because in your second trading may be your loss bigger than your first profit.
Open demo account first is reasonable choice before open real account. I strongly recommended to use Metatrader platform (most forex companies use it). Important Note : although you open demo account in Company A, but you have no obligation to open real account in that Company. The must to do is : Specify how long you want to learn in demo version (better periodically) then review the result. Many people too dare or too fear after try demo version. Whatever your conclusion after try demo version : dare or fear, my suggestion is to open real account with type MICRO account (or sometime called NANO account or MINI account).
If you able to manage your MICRO account, it's possible to change your limited budget into hundreds even thousand dollars. But how much your made deposite, stay to use your most successfull trading strategy of your micro account, do not change it only because you have more money. Always learn firs befor you made a change in strategy. Here my suggestion in trading your micro account :
Next post, I will show you the most simplest but accurate of my technical strategy I was used for more than 1 year. Be wise and always up to date your information.
Open demo account first is reasonable choice before open real account. I strongly recommended to use Metatrader platform (most forex companies use it). Important Note : although you open demo account in Company A, but you have no obligation to open real account in that Company. The must to do is : Specify how long you want to learn in demo version (better periodically) then review the result. Many people too dare or too fear after try demo version. Whatever your conclusion after try demo version : dare or fear, my suggestion is to open real account with type MICRO account (or sometime called NANO account or MINI account).
If you able to manage your MICRO account, it's possible to change your limited budget into hundreds even thousand dollars. But how much your made deposite, stay to use your most successfull trading strategy of your micro account, do not change it only because you have more money. Always learn firs befor you made a change in strategy. Here my suggestion in trading your micro account :
- Use my strategy in step 1, step 2 and step 3 in maximum effort.
- Make a deposit that you can afford to loss (this is a golden rule)
- Trade with consistent amount of lot. For example, if you deposit $10, you must enter market with 0.01 lot or the littlest unit available (it's mean about 1 cent per pips).
- Use expert advise in wise and criticize way
Next post, I will show you the most simplest but accurate of my technical strategy I was used for more than 1 year. Be wise and always up to date your information.
