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I would suggest testing your strategy on demo and seeing what the results are. Also, take steps to lessen your risk. Don't trade with super high leverage, use a SL, and so on.

That depends, but I wouldn't put too much reliance on indicators.

True. It's important to only trade with disable income and to mitigate risks. If you start to get greedy, you will be bound to fail.

It isn't possible to find a person that'll teach you everything unless you're paying a mentor, which isn't advisable. Best thing to do is look up some free sites like Babypips and go to the education section there. The info is out there to teach yourself. I can be overwhelming at first but if...

I would look at these things: 1.) Available assets for trading 2.) Leverage 3.) Platform 4.) All associated costs 5.) Deposit/withdrawal methods 6.) Customer service Everyone has different needs, so you need to consider all of this and make sure they have what you need. Then thoroughly research...

I actually didn't have a mentor, I couldn't afford one. I was a stay at home mom, my husband had a good job as a welder but we were drowning in bills. Couldn't afford daycare and none of the kids were in school at the time, so me working wasn't really an option. I started searching the internet...

The info is out there but sometimes it can be hard to find it. Glad you found something that works for you!

To be honest I started with $10 and gradually added to it. $1000 would probably be a good amount if you can afford it, just don't get yourself into any debt to do so.

I'd rather just find a good, trustworthy broker to trade with than to do it any other way. Yes there are some scammers out there but research goes a long way when it comes to sorting which ones are safe.

There's a lot you need to know starting out, but experience also adds to your knowledge over time. Mentors can be helpful, but traders should be careful because many of them just want to make a quick dollar.

Hi! I'm sorry to hear that you've been struggling. I think I would take a step back from trading, go to demo, and start keeping a detailed journal if that were happening to me. This way you can assess what's going on without losing any more money in the meantime, then get back to it later.

I'd say it depends on what kind of trader you are - the first two hours is doable, but a lot longer per day is difficult for those that might have other obligations. Being a full time trader is probably a dream that many have but just haven't gotten to yet.

Unrealistic expectations - many new traders think they can put in little to no effort and become rich. If it were that easy, everyone would do it.

Good post. There's definitely a lot to consider when you're developing a trading plan and it's important to stick to it once you have your rules set. Consistency goes a long way!

I would say I love the opportunity trading has given me to stay home with my kids and make money. As for the process, it can be kind of boring, but I just think of it as work.

Hi! It's always nice to see new traders around. What got you into trading?

Hello and welcome! Always nice to see new faces around.

I struggled with being afraid of losing a lot in the beginning, to the point that I often wouldn't enter trades at all. I think time and experience help as you become more confident - demo practice is also crucial.

Me! MT4 fan here. Out of curiosity, do you prefer MT4 or MT5?

The answer here is subjective, since we all need to make a different amount of money a month to live. Some may have more bills or a larger family, so they would need to make more, while others may be able to get away with making less. It all depends.