Anyone trade on the Forex?
Discussion
Alpari.co.uk - demo it until your head falls off.
Take 100 demo trades, see if you're up or down. If you're up, do it another 100 times. If you're even higher up, you could have something.
Then trade for 0.01 lots (6p/pip) for 100 live trades. If you're up, do it another 100 times. If you're even higher up, you could have something.
If you are thinking "f
k that", and want to drop £5k on the markets, please give it to me instead so I can buy a nice watch with it as that would be a better investment.
Oh, check out babypips.com. Lots of relevant info there.
Take 100 demo trades, see if you're up or down. If you're up, do it another 100 times. If you're even higher up, you could have something.
Then trade for 0.01 lots (6p/pip) for 100 live trades. If you're up, do it another 100 times. If you're even higher up, you could have something.
If you are thinking "f

Oh, check out babypips.com. Lots of relevant info there.
zac510 said:
I do but not by the tactic 'Hoof uses.
Your request is quite vague as there are many styles and techniques for trading. The idea is to settle on the one you feel comfortable with and then work hard at it.
I haven't given any tactics beyond essentially taking your time to test ideas rather than going all in on the first trade like most noobs do.Your request is quite vague as there are many styles and techniques for trading. The idea is to settle on the one you feel comfortable with and then work hard at it.
And yes, need to find what suits you and stick with it despite what you may hear others are doing.
RemainAllHoof said:
I haven't given any tactics beyond essentially taking your time to test ideas rather than going all in on the first trade like most noobs do.
And yes, need to find what suits you and stick with it despite what you may hear others are doing.
Sorry I didn't word that very well. I just meant to say that I didn't really use that technique to learn. I backtested and wrote an automated strategy based on information in a book. After trading that live I refined the risk model. But it's definitely not intraday which most people seem to want to do.And yes, need to find what suits you and stick with it despite what you may hear others are doing.
It's the most efficient market in the world, with the largest number of algorithmic traders looking for the slightest edge in a world where they can execute deals 0.001 from mid.
It's worth asking yourself, why do you think that you can beat it.
To me, the task is about as difficult as turning up in the F1 pits with a shopping trolley, some plywood, and a strimmer engine, and hoping to beat McLaren to the flag.
It's worth asking yourself, why do you think that you can beat it.
To me, the task is about as difficult as turning up in the F1 pits with a shopping trolley, some plywood, and a strimmer engine, and hoping to beat McLaren to the flag.
NorthernBoy said:
It's the most efficient market in the world, with the largest number of algorithmic traders looking for the slightest edge in a world where they can execute deals 0.001 from mid.
It's worth asking yourself, why do you think that you can beat it.
To me, the task is about as difficult as turning up in the F1 pits with a shopping trolley, some plywood, and a strimmer engine, and hoping to beat McLaren to the flag.
Total rubbish. Have you never heard of beginners luck?It's worth asking yourself, why do you think that you can beat it.
To me, the task is about as difficult as turning up in the F1 pits with a shopping trolley, some plywood, and a strimmer engine, and hoping to beat McLaren to the flag.
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