Recent content by BillD

Profit in 2 Seconds! Sounds pretty unlikely to me. As soon as you enter a trade you are in a losing position because of the spread. But more importantly why does 2 seconds matter? I have held trades for days. There is no need to do such fast trading

$20k is a very good amount to go trading with. If you only risk 0.5% per trade then you can still make good money. This is of course if you know what you're doing. If not, you could still lose all your money.

You can trade any time of day and make money as long has you have the right strategy and know what you are doing. I prefer early morning UK time but other times work too

Fear can be a good thing though. If there is no fear then you can take too many risks. I think that a healthy load of fear really helps you from making bad trading decisions.

You can make big money in a short time when trading the news but this can also be very high risk. You can lose just as much as you can win. There are big price movements around NFP and you can make +100 pips in seconds but if you get it wrong then you could lose 100 pips too.

If the broker has been around a while then they are unlikely to be a scammer. They would have too much to lose. There can be bad deals, high spreads but unlikely to be a big scam

i started with investment funds but didn't like the opaque nature and lack of control (the returns also sucked until recently)

Being consistent is the dream. Even if its only 1% a month, If I can make that every month then that's a reall success

You shouldn't read anything and then 'trust' that it is right without any critical analysis. You are just going to go from one joker to the next unless you think about what they are saying and judge for yourself if it is sensible

I think that is exactly it. People expect brokers to give you everything for free and be perfect but it's not like that in real life. Best you can get is a broker that has fairly good reviews and had been around a while to show that they are reliable

I've blow my account once but it was only a small account so not too much of a problem. I keep my account size small so sometimes this happens. I can be a bit difficult avoiding a margin call with a small account but tight stop losses can avoid this