Basically I Just got out of the military & I am off until January when I start my new job & school.
We have money saved up for living & such. I have set aside about 800-1000 & opened an account with forex.com
Basically I hear all of these strategies about once a day trading or scalping, I am brand new to this.
Couple questions.
I have all day to trade, What can I do to maximize my profit, I can literally work any time of the day all day until Xmas.
I enjoy the idea & practice of scalping, Just not sure exactly what I am looking for to make split second decisions.
I read the strategies & such on here but is there an in-depth guide to actually explain everything?
& as mentioned, I use forex.com for trading.
First of all have you practiced trading the forex market with "virtual " money.
Many people when they enter the forex market only seeing how much they can make but not how much they can lose. I STRONGLY SUGGEST THAT FIRST YOU PRACTICE AND REALIZE HOW EASILY MONEY CAN COME & GO AND HOW QUICKLY YOU CAN PUT YOUR SELF IN DEBT. That realization must come first before you start with real money. Try Investopedia.com or maybe even forex.com has a demo mode,
When you start using real money it is always a junior mistake to say i need maximum profits. GREED IS NOT GOOD. Take what you can and get out. It has to be treated in baby steps.
My last point is "Money does not have a soul only humans do so you can love money but money can not love you back"
powered by Yahoo Answers