I had an attempt last year and it didn't really work. Truth be told I have a lot on my plate as a web designer and owner of various personal sites, so my learning time was pretty scarce. Did you guys start trading earlier? How early?
I was into a lot of online gigs,PTC hyip binary etc. and during that time i been seeing a lot of frex ads, and charts, at first i thought they where like surveys or something LOL. but then i stumbled upon etoro, and started reading about forex in some known forums, and i said why not give it a shot, I had my share of scams with online money making, so i was practicing with demo accounts for months, and slowly let go of my other gigs with very small profit and opened a live account with hotforex, it was recommended to my by a fellow trader from a local forum and there, never had any regrets in joining forex trading![]()
A new trader should start from demo (virtual money) account . Then proceed to very small real account (less than $100 or how much else you can easily afford to lose). Only after a long-term success with a small real account it's recommended to switch to big deposits. My real account was less than $100 when I first switched from demo.
I started in 2009 with etrade forex (which ceased to operate) and dbfx. I didn't start with a demo account its the biggest mistake i can make...
Using the Demo accounts in the starting of the Forex trading career can help reduce the initial mistakes that any trader makes.
This also serves as a learning point for the further development of his trading career.