Forex Watchdog
Newbie
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Hi again Boodie
It is very much as I said earlier - Learn to Earn. There is no other way. Forget paper trading as it can and does lull you into a false sense of security. Use minimum stakes to start but ALWAYS calculate how many Pips (points) you would have won or lost. For example if you were betting 10p a point and you lost £10.00 that means you have lost 100 pts. So if your future target is to stake at say £10/pip that would mean you would have lost £1,000. Your basic mentality should be to protect your capital - ok so low risk = low reward but can your mentality handle high risk. Have a trading strategy in place and stick to it. Finally, there are no short cuts or quick fixes - you've got to serve your time.
It is very much as I said earlier - Learn to Earn. There is no other way. Forget paper trading as it can and does lull you into a false sense of security. Use minimum stakes to start but ALWAYS calculate how many Pips (points) you would have won or lost. For example if you were betting 10p a point and you lost £10.00 that means you have lost 100 pts. So if your future target is to stake at say £10/pip that would mean you would have lost £1,000. Your basic mentality should be to protect your capital - ok so low risk = low reward but can your mentality handle high risk. Have a trading strategy in place and stick to it. Finally, there are no short cuts or quick fixes - you've got to serve your time.