Hi all
similarly to the person who started the topic....I have a few questions.
1. Have many of you made money on trading forex - and how long are you doing it?
2. What do you consider a decent profit margin?
3. What do you leverage - 20, 30, 40, 50?
I have been "training" on Onada.com (what other platforms can you recommend?) the last week or so..primarily on EUR/USD. I leveraged high and traded long and short..... looking at 100 - 200 Eur profit each trade - and closing postion promptly with finder on he button ready to submit, got lucky I guess, but 3 times it took about 3 or 4 hours for the trade to turn around. After training for a week I am up 2000 EUR simply on EUR/USD. Concerned that if I go live I will be slaughtered. Looking at investing 15 to 20k EUR - not my life savings.
Please apart from the good advice herein sofar presented, how did users here on this forum step up to the plate and make that first live trade? How many of you lost so far, how many of you make money from it, how many of you trade on 2 to 5 pips with high leverage - up to 1,000,000 EUR?
Just to let you know I got slaughtered on Moodys announcement about US Debt and also US non farm this evening - the loss from Non Farm cost me dearly.
Thanx to all and an excellent forum!