Note to the wise: If it's too good to be true, it probably is! Minimize your losses Add to your winners! Sure it can be done, with a great trade, but likely not. If you can do it on demo, you can do it on real. Emotions, which play a major part in all trading, is the key. Traet the demo as if a 2nd real account instead of just play territory and give it ago.

I like being on edge, esp with a USD. If I had time, I would try it, may try any way. Good test. I dont know how to autotrade can someone help me.

Faye please can you help me? Topic is locked. Share Share this page! About Blog. Terms Privacy Site Map. All Rights Reserved.

Use robo-advisors

Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.

Past performance is not indicative of future results.

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It would be nice if it could invest them in someting, but where? And what strategy should be used? I know its recommended to start with a lot more, but for me it just for fun and a way to learn how it all works. Before you lose your money, demo first. There are a few other brokers with nano lots.

I happen to use and like Oanda and would say they are a good choice for a nano account. I do think you should demo long enough to learn the platform you will be trading with then open a real money account. Read the Baby Pips School and learn how to manage your risk. Parts of the school will tell you that you need more capital. You do when you get serious. I decided to go for the big one because I could not maintain the hrs of screen time my trading required.

The way I did it was with strict money management ,lots of trades and aggressive compounding strategy. I had my first margin call but only because the amount I had staked ended up going below my balance because I had 2 lots open and it swayed a little too far haha. Instead you should focus on learning how to, and making quality trades and growing your account steadily, rather than over-eagerly racing to make big profits.

His method seems to work for him. He wins, he wins, if he starts loosing he will find out fast too. This time follow your rules and learn form the first experience. I am a newbie too. Cause they support paypal.

2. Use a high-yield savings account

I have a question,what leverage will be best for me. Oanda support to leverage. Can anybody explain how this works.