Hi there,
I'm totally new to this site, just found it today and registered straight away. For a while I've been thinking of trading the currency markets but never bothered as I thought my intended approach would not be practical. Therefore I'd like to put it to you members for some advice.
I have traded in equities and equity options before. Therefore I'd say I have basic skills and experience already. But would be totally new to currency trading.
I'm thinking of trading SPOT currencies, not on margin, leverage, CFD's or spread betting. Simply spot, long positions. Simple basic strategy. I intend to start with a very modest account (£10k) and trade in lots of £2k seeking 25% turn (profit or loss) either way.
No laughing please!
Do you think this is possible? If so, as much help and advice would be appreciated.
Thanks
Umlah
I'm totally new to this site, just found it today and registered straight away. For a while I've been thinking of trading the currency markets but never bothered as I thought my intended approach would not be practical. Therefore I'd like to put it to you members for some advice.
I have traded in equities and equity options before. Therefore I'd say I have basic skills and experience already. But would be totally new to currency trading.
I'm thinking of trading SPOT currencies, not on margin, leverage, CFD's or spread betting. Simply spot, long positions. Simple basic strategy. I intend to start with a very modest account (£10k) and trade in lots of £2k seeking 25% turn (profit or loss) either way.
No laughing please!
Do you think this is possible? If so, as much help and advice would be appreciated.
Thanks
Umlah