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Georgebro8

Im new and need some advice to get me started.

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So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 

any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.

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Learning and more learning is the main priority. I too am a new trader and have low starting capital. I blew up a suretrade account 3 years ago and walked away. Recently I started relearning everything again. Having low starting capital I've found that youtube has tons of videos that will teach you what paid services do. Theres free scanners out there that work good also. I paper traded everyday for a while until I was consistently green daily.  Then I started looking into funding another suretrade account and found a prop account. I got 14k funded for 350.00usd. I only keep 70% of profits but commissions are low and platform fee is 15 a month. So basically by watching free videos, using free scanners, and only investing 350 of my own money I'm able to daytrade and make a decent profit.  Big plus is I'm not stuck to penny stocks.

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On 1/27/2020 at 5:33 PM, eliotchang said:

You should learn a lot about the Forex and charts reading and indicators.

Try baby steps first. Don't be too hasty.

First only trade demo for a minimum of six months and nothing like trading a live account while you are learning in my opinion.

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