New To Trading

This is a discussion on New To Trading within the First Steps forums, part of the Reception category; Hello everyone, I am new to trading and speculating ... my goal is to simply make tons of money and ...

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Old Dec 29, 2016, 3:48pm   #1
 
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Joined Dec 2016
New To Trading

Hello everyone,

I am new to trading and speculating ... my goal is to simply make tons of money and become the richest person in the world (lol ... maybe in 20 years time)... Where do I start ?

GengYang
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Old Dec 30, 2016, 11:34am   #2
Joined Jun 2016
Firstly just start by studying and learn what Forex is and how it works. There's a 'school' on babypips which is quite useful for this. Make sure to practice on a demo account first before going live.
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Old Jan 2, 2017, 6:04pm   #3
Joined Jan 2017
I am same, I think we should get over a Forex course.
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Old Jan 4, 2017, 4:17am   #4
 
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Joined Jul 2013
Hi GengYang
Lol, I see that you see great for a beginner. To start I recommend you learn the most about online forex, there is free online courses for a good introduction, read books on the subject for beginners and also find a mentor.
Once you acquire some knowledge you can open a demo account to learn in real situations without risking your money.
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Old Jan 4, 2017, 12:12pm   #5
Joined Jun 2016
Study! lots of youtube vids and coarses.... then practis on demo until u r confidant.
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Old Feb 1, 2017, 11:44pm   #6
Joined Feb 2016
Quote:
Originally Posted by Aiman View Post
Study! lots of youtube vids and coarses.... then practis on demo until u r confidant.
At least practice on demo for six months before going to trade live, It is also good to start with small investment when starting live trading in order to test the brokers further processes like withdrawals.
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Old Feb 7, 2017, 2:35pm   #7
Joined Jan 2017
Quote:
Originally Posted by progix View Post
At least practice on demo for six months before going to trade live, It is also good to start with small investment when starting live trading in order to test the brokers further processes like withdrawals.
It's no obligatory should be the 6 months. 3-4 is absolutely enough sometimes to start with small sums. But you won't be able to check a company with a small sums, as they are no problems for the majority of brokers.
My friend used to work with one russian broker in 2012 and they blocked his account and stole 5000 dollars. But the things went well before this and he withdrew 100-200 dollars regularly.
So... read reviews and choose carefully.

But if we talk about demos, you can try it with any company, as they have no need to cheat with you
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Old Feb 23, 2017, 5:03pm   #8
 
9 Posts
Joined Feb 2017
i am newbie in trading, which broker is ore comfortable for newbie?
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