DislikedJust lost my job and desperately need to find another income. I need to earn USD 200/day for my family daily expenses.Ignored
Please, be patient.
I have pretty much blown my first account and lost about $1700 I hate to admit that but i will/have. Anyway the penny has dropped with regard to money management and cutting losses as soon as possible.
I recommend that you demo/simulation trade for at least 2 to 3 months and ensure that you are profitable doing that first.
Then open a small $1000 live account and trade it risking no more than 1-2% per trade and double that account. After you have done all of that THEN trade with bigger amounts.
It's very very hard to trade profitably without having completed the above steps.
I've made my BIG mistakes and lost real money. Now I've gone back to simulation trading and I'm working hard to become profitable in that first and THEN going back to my live account. Please don't make the mistake I did.
As for job--find something stable that is not based around trading and learn by demo trading first.