Kundrit, Good luck to you. I wish you the very best. Consider testing the waters "small" and just see how it goes for you. As stated before, the good traders "love" their broker, while the losing trader blames their broker. Do your homework on brokers before choosing one, but remember to take some of the comments with a "grain of salt" as the reason stated above. You will not deposit a lot of money to start with so while training, the "lower the spread" on the pair you will be trading gives you a better chance of success and breaking even. So find a broker with a low spread. As you start to earn money and grow your account, withdraw some of your earnings and see how it goes. You can always change brokers later or try different ones. I mentioned don't trade a demo account, trade a micro account, that doesn't mean not to sign up for some demo accounts so you can see their trading platforms while you make your decision. The main thing is to trade. As you become successful, the compounding effect can make your account grow, and grow, and grow. But while learning I have earned pips and had had 19 trades in a row go my way and had one losing trade and busted my account with a marging call. Taught me a lesson about stop-losses and thinking it would turn around any minute. So 19 winning trades out of 20 for a 95% success rate and I lost money!!! How did that happen??? I have also had only 3 winning trades out of 10 for only 30% success and had 7 losing trades and guess what? I made money! Money management is a huge piece to learn when it comes to trading in addition to just what broker to use and what indicator am I going to use to base my trade on.
DislikedThx a lot Piptaker..this is execellent advise and great personal opinion of advise and more encouraging..I wish you success in every trade now and future..thanks againIgnored