You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
Hi all,
Ive been dabbling with a demo forex account, and just wondered if any of you guys are involved in this at all? There seems to be a wealth of online platforms out there, and just wondered what people's preferred platform is? Also, what is your general approach to trading, technical analysis, news based, or a mix of both?
rather helps if you have friends in high places. hsbc for example
lol
peterfile to the forum, peterfile to the forum
peterfile to the forum, peterfile to the forum
I'll get it on the tannoy...
I use BarEx. Works well, good UK based support and the bank handle the deposits / withdrawls on a phone call.
Very simple, quick and easy.
Google doesnt show me anything under Barex?
Also, what is your general approach to trading, technical analysis, news based, or a mix of both?
Treat it as a way to get rich quick. Ignore both news and tech analysis, take outrageous risks and lose all my money...quickly. HTH 🙂
Are you playing roulette?
😯
You'll be doing spectacularly well to make money as a retail investor. If you just treat it as fun money and money you can afford to lose then go ahead. Aside from technical vs fundamental factors/news the most important thing to understand is risk management.
This is still the best book I ever read on trading (the first one not the follow up)
[url= http://books.google.co.uk/books/about/Market_Wizards.html?id=zEv5dxx46FAC&redir_esc=y ]Market Wizards[/url]
Good luck, I tried that a few years ago and wasted 500 quid in the process! 😆 it's like play poker with funny money, you'll generally win at that, come the real thing it's a different story!
Hmm... has anyone had a good experience of trading? I was looking at it as a way to supplement my main income, and have some fun along the way. Am looking to demo trade for about 8 months, learn as I go, test out some strategies and then commit to a couple of grand that I can afford to lose. Seems a lot of people have a lot of bad experiences, those that have, would you say it was down to something you did, markets rigged against small traders, or stress related to real money loss?
forget trading and instead start reading up in investing.
if you've got a couple of grand to spare, invest it (wisely) and while it's doing it's thing focus your efforts on getting more 'couple of grands' to invest.
As for my investing tips: Diversify, minimize costs, don't over trade, be in it for the long term, be tax efficient and learn form your mistakes.
Bon chance!
I once had to hedge currency when we had an order in euros. I used OandA which was great - however I accidentally made about a grand by closing trades during the financial crisis when things were yo-yoing. I was lucky (the euro also went in the right direction to maintain the value of our order) but haven't really used it since.
Interesting story:
A Popular Currency Trading Website Vanished Overnight And $1 Billion Disappeared With It
