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 Forex Version 10, Foreign Exchange Market Discussion

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foccacia
post Oct 16 2012, 08:20 PM

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Hi All, I like to start trading in forex but I am a complete newbie with 0 experience.

I read some post regarding micro accounts with only 100 USD to trade with. Can someone recommend me trusted websites who has demo accounts or these micro accounts?

Some strategies I read is never risk more than 2% per trade, but I feel without proper experience, reading the theory does not do much good.

Any help will be very much appreciated! biggrin.gif
foccacia
post Oct 22 2012, 08:26 PM

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QUOTE(zeling89 @ Oct 17 2012, 04:37 AM)
you can try FXPrimus, I've been using this ever since I started out with trading. From demo to live account. Never gave me much problems.
that's called spread. the difference between bid and ask price. that's how the broker makes money. it varies depending on account type and brokers. usually for eurusd, gbpusd. it's 3pips. meaning if u enter a trade, you'll start of with -3 pips.


Added on October 17, 2012, 4:39 am



Added on October 17, 2012, 5:18 pm

Try out demo first. Try various brokers' demo to find out which suits you best.

Demo for at least 6 months before u go live. And even then, trading live is so much different from demo. Start off with small capital.
It's the spread broker charged on you.
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Thanks for the comments. A friend recommended igmarkets.com.au so will look at it when Im ready. I think for now, I will just try demos n gain more experience. Money hard to earn, cannot simply throw away biggrin.gif

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