Quote:
Originally Posted by halfpint
Did you use the practice trading and was it the same as the real thing ?
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yes and it is the exact same as real trading.. there is no lag in rates, parctice uses real time..
the only thing you need to be careful of when practice trading is the spreads. i lot of times practice accts will give you really low spreads so it makes it a bit easier.. when you live trade, the spreads are higher..
spreads fluctuate based on volatility and also the pairs you are trading.
i only trade the yen pairs... usd/jpy, gbp/jpy, and eur/jpy..
right now i have been focused on the usd/jpy pair because of the crazy financial markets..
any idiot can trade forex, you have a 50/50 chance, either its going to go up or down..
if you want to make money long term, you need to know what you are doing and you need to find good software to help you make decisions.
PS. like anything in life, nothing is easy.. if you are willing to take the time to learn and can stay disciplined, you can make a good living trading.. also, you need to have a sizable bankroll to start.. $50,000k is really the entry point, but you can trade on a mini or micro acct and start with as little as $5,000, but you will just have to trade ion smaller lots...