New in the trading business

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• lotzofbotz Posts: 1,552 ✭✭✭✭

  September 2014 edited September 2014

  There are plenty of brokers each has their plus and minus some are a pleasure to do business with some are nightmares. If you are new try using Markets World demo which is FREE. Below I will list some good practices..
  
  1) Broker Bonuses for new traders its just a TRAP unless they are segregated and have no ties to your original deposit as Markets World applies.
  
  2) Brokers who wish to trade for you "NEVER ALLOW IT!" They want to lose your money because that is their job so don't be a RETARD.
  
  3) Make sure any broker you do use before you deposit that you VERIFY your account ahead of time..
  
  4) Learn from a teacher/mentor a method to trade such as Trading Axis by Bryan from here that has rules and teaches the basics. As well they can help you find a broker that will work with you
  
  5) Use a demo account until you are profitable then start small after that building your account day after day.
  
  6) Do extensive research and see what feedback you get on a broker before you ever talk to or deposit with them.
  
  7) Never disrespect the market your risk/money management/trade management/discipline/focus ect ect. Because you REAP what you SOW..."
  
  Follow the above and you will have a good START!

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• lotzofbotz Posts: 1,552 ✭✭✭✭

  September 2014

  Any other questions you can try tomorrow am in the LIVE CHAT room if you wish to have your questions answered in person or just want to see a professional trader trade.. I trade all day every day during the week..

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• usok Posts: 16 ✭

  September 2014

  nice to have a live chat option is really good, gives us traders options and we can learn something new

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