Hi i am totally new to forex trading, and i've never placed a trade before!
I have been using PFGFX as a demo trading platform (are these guys any good/reputable?) for around 10 months, but soon i want to "go live" with a real money account.
I did find a website that reviewed the top 50 forex trading platform brokers, but i cant find it now (anybody heard of such a site?), so how do we know who is the best and most reputable/trustworthy now?
I was using metatrader4 demo platform, do all the brokers/ providers use the samething?
Also although i understand that the size of my account, effects the value of each pip i make or lose, i dont understand much more than this!? Do we make profit just from making pips, or can we make profit on "interest" too? (this is something somebody told me about, when i was first learning about forex trading) but im unsure how?!
I just want to know where to start i guess and what to look out for. There seems to be so many people selling forex signals/indicators but they cant all work! i have been on a website called forex j ustice.com, does anybody have any experience of this website? it appears to offer impartial advice on brokers and signals....but how trustworthy are the reviews? (are the signal providers themselves posting feedback to appear legitimate etc?)
sorry for all the questions, but, im just starting out so i hope somebody with more experience can advise me better....
thanks
I have been using PFGFX as a demo trading platform (are these guys any good/reputable?) for around 10 months, but soon i want to "go live" with a real money account.
I did find a website that reviewed the top 50 forex trading platform brokers, but i cant find it now (anybody heard of such a site?), so how do we know who is the best and most reputable/trustworthy now?
I was using metatrader4 demo platform, do all the brokers/ providers use the samething?
Also although i understand that the size of my account, effects the value of each pip i make or lose, i dont understand much more than this!? Do we make profit just from making pips, or can we make profit on "interest" too? (this is something somebody told me about, when i was first learning about forex trading) but im unsure how?!
I just want to know where to start i guess and what to look out for. There seems to be so many people selling forex signals/indicators but they cant all work! i have been on a website called forex j ustice.com, does anybody have any experience of this website? it appears to offer impartial advice on brokers and signals....but how trustworthy are the reviews? (are the signal providers themselves posting feedback to appear legitimate etc?)
sorry for all the questions, but, im just starting out so i hope somebody with more experience can advise me better....
thanks