08-14-2018, 09:26 PM
Hi, a lot of forex companies offer demo accounts to try and even when sign up can still use a demo account until feel comfortable to trade real money.
Penny shares i would avoid as they can be manipulated too much even though the appeal of a 20 cent share going up 1 cent seems like an easy way to make money the smaller the share prices the harder it is to buy enough volume to make trades worth while.
Forex trading can be done with a small amount obviously the smaller the amount smaller the profit and loss but is a good way to start with real money and work on a trading system that suits you best.
Dont fall for the appeal of movements on 5 minute charts thinking easy way to make money for every 1 or 2 successful trades you might lose on the next 7-8.
At very least use a 30 minute chart if trading forex but as a beginner daily would be the best or 4 hour.
There are websites out there with forums like this one for trading with indicators as mt4 platform allows for a lot of custom indicators to be used not all are good though.
You need to do some research find what you feel most comfortable trading, amounts to invest, how much time you have each day. Also trading is mentally draining and can make you 2nd guess yourself a lot and once that starts happening you wont be able to be successful as you need to make a decission have rules in place and follow it for the good and bad results.
You have options from shares, cfds, forex and gold trading and many others so need to find what you are most comfortable with too.
If want to talk more on it can send a pm.
Penny shares i would avoid as they can be manipulated too much even though the appeal of a 20 cent share going up 1 cent seems like an easy way to make money the smaller the share prices the harder it is to buy enough volume to make trades worth while.
Forex trading can be done with a small amount obviously the smaller the amount smaller the profit and loss but is a good way to start with real money and work on a trading system that suits you best.
Dont fall for the appeal of movements on 5 minute charts thinking easy way to make money for every 1 or 2 successful trades you might lose on the next 7-8.
At very least use a 30 minute chart if trading forex but as a beginner daily would be the best or 4 hour.
There are websites out there with forums like this one for trading with indicators as mt4 platform allows for a lot of custom indicators to be used not all are good though.
You need to do some research find what you feel most comfortable trading, amounts to invest, how much time you have each day. Also trading is mentally draining and can make you 2nd guess yourself a lot and once that starts happening you wont be able to be successful as you need to make a decission have rules in place and follow it for the good and bad results.
You have options from shares, cfds, forex and gold trading and many others so need to find what you are most comfortable with too.
If want to talk more on it can send a pm.
