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Beginners Forum Interested in trading but don't know where to start? Post any questions you may have here.

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Old 11-08-2011, 01:10 AM   #1

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Hello everyone

This is my first post here. I am very interested in Trading and have been recently following the forums, I have several very good books and have been practicing reading charts.

I would like to begin sim trading, and wondered which platform would be good for beginners, is easy to navigate and learn, a good all-rounder for then continuing onto live trades please? I would like to begin with small trades as I have limited account amount at present. I will then build this up to a larger account when I begin to live trade.

What would be the best market as an intro to trading? ForEx?

I would like to begin by trying just two markets/platforms, is this wise?

Is tradestation expensive to run? eSignals? I had a look at the forex oanda also.

At the moment I am learning from FreeFlashCharts.com which is great however I read not 100% real time.

Also can I ask a silly question, FreeFlashCharts.com, can I set it so that I can see the Gold Spot Price?

I have started to pretend to trade by keeping a notebook of chosen trades and prices.

Thank you kindly for any feedback and I very much appreciate your time.
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Old 11-09-2011, 07:29 AM   #2

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Re: Intro to Trading
I opened a demo account with oanda today and started trading AUD/USD, EUR/USD and GBP/AUD



Learning by just diving in seems to be working!
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Old 11-09-2011, 12:44 PM   #3

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Re: Intro to Trading
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Originally Posted by Connect »
I opened a demo account with oanda today and started trading AUD/USD, EUR/USD and GBP/AUD



Learning by just diving in seems to be working!
Welcome to the TL! oanda I think is a decent starting place(although I'm not an fx trader myself).
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Old 11-09-2011, 09:12 PM   #4

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Re: Intro to Trading
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Welcome to the TL! oanda I think is a decent starting place(although I'm not an fx trader myself).
Hey there TheNegotiator, thanks for the welcome! Having a great time learning trading ForEx, may I please ask what do you trade?
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Old 11-10-2011, 07:40 AM   #5

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Re: Intro to Trading
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Hey there TheNegotiator, thanks for the welcome! Having a great time learning trading ForEx, may I please ask what do you trade?
I day trade futures.
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Old 11-17-2011, 01:25 AM   #6

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Re: Intro to Trading
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Originally Posted by Connect »
I opened a demo account with oanda today and started trading AUD/USD, EUR/USD and GBP/AUD



Learning by just diving in seems to be working!
This is really good job you did. Demo accounts helps a lot to understand basics of forex.
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Old 11-17-2011, 07:33 AM   #7

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Hi henry

thanks for reply, are you new to forex? I did really well last week and my confidence was growing everyday until this week, and well, I broke my rules and kept losing money so now my confidence needs restoring with a more careful approach lol!

Its great trading forex but still so much to learn, and these candlesticks in particular!

Does anyone have any good videos of other forex traders trading so I can see how others plan, trade and execute?

that would be cool!
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Old 11-17-2011, 02:27 PM   #8

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Re: Intro to Trading
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Originally Posted by Connect »
Hi henry

thanks for reply, are you new to forex? I did really well last week and my confidence was growing everyday until this week, and well, I broke my rules and kept losing money so now my confidence needs restoring with a more careful approach lol!

Its great trading forex but still so much to learn, and these candlesticks in particular!

Does anyone have any good videos of other forex traders trading so I can see how others plan, trade and execute?

that would be cool!
check this one
Losses happen to everyone, but the most important thing is to know when to leave the screen and come back next day.
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