Why no edge ?
PLEASE HELP: The best way to start trading ?
- Thread starter sg2014
- Start date
Why no edge ?
I'm sorry, what is leverage? never heard of that in Binary
Not sure your typical broker will a) have your best interests at heart, or b) be capable of trading profitably.
You could open an Oanda (or other) account with ~$100 and trade micro lots, with extremely tiny risk. You'll be up and running mechanics wise in no time.
Leverage:
The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.
http://www.investopedia.com/terms/l/leverage.asp
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Ok thanks a lot. I'm thinking to go for a Japanese broker, i feel that they are more serious and there are not a lot of bad reviews about them.What would you reckon? thank you guys!
Seems to me the casino is a better bet. The odds on black or red is 49%. Forex odds is a lot lower than that for you. In fact if you find yourself a few more k's and send them all to me, I might be able to give you some pointers on the cheap. This will give you better value for the money than lose them to the bucketshops.
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if you want the secrets of the pros, sign-up for my newsletter at 159 a month!!! then buy a few of my books for only 129 each!!! Each phone call is only 23 a minute, and never, ever trade forex.
and i will give you a name of broker to use, he gives me money when you trade....... yes!!!!!
and i will give you a name of broker to use, he gives me money when you trade....... yes!!!!!
Understand the charts are just showing you what human beings are buying and selling at. There is no magic line that suddenly crosses and will make you rich... never forget you are trading against other people and what they are doing. Learn market profile.
I would recommend only demo trading until you hit the mile stone of being consistently profitable 6 months in a row. Then you need to be able to explain why you took every single trade in such a clear and concise manner that a teenager could copy you.
If you can get to that point, then try trading with real money....
I would recommend only demo trading until you hit the mile stone of being consistently profitable 6 months in a row. Then you need to be able to explain why you took every single trade in such a clear and concise manner that a teenager could copy you.
If you can get to that point, then try trading with real money....
Thank you Yukoner, Do you know where i should get a demo and how it works? Thank very much for your help and support
Sounds like you need to learn a few basics before you even begin a demo.
I suggest spending a few weekends understanding basics here http://www.investopedia.com/
Then spend a few weekends searching the forums to try to locate your basic questions.
Best demo is the one supplied by your intended broker, as understanding the platform is as important as developing a strategy. Entering orders are easy, but when something goes wrong, you need to know how the platform works. Fat finger mistakes can be extremely costly.
I prefer Interactive Brokers, it may not be suitable for you depending on account size and the fact they don't do any hand holding. You need to know what you are doing. But they do have a good demo. Pretty hard to beat IB for most discretionary traders.