filo27 wrote:
Hello Vahid,
Thanks for your fast reply. I will study more of your articles.
Hello Filo,
Please don't rush into Forex too hastily.
Take the time to learn as much as you can from the various articles that Vahid has written and open a Demo account to hone your skills. Don't even think about risking your cash until you have a more complete understanding and can trade with confidence.
You will learn a lot from reading and studying, but no matter how much you study, you will still be missing the most important ingredient - That is experience.
Most, if not all traders gain experience by losing - not a happy fact, but a fact nonetheless. Some new traders have "beginners luck", but this makes them feel invincible and just sets them up for a harder fall!
Those of us who have subscribed to Vahid's excellent service are fortunate to be able to draw from Vahid's vast pool of experience. We are, in effect, taking a short cut. We are moving along the path to becoming successful traders and Vahid is smoothing that way ahead of us, helping us to avoid the pitfalls because he is sharing the benefit of his hard-earned experience.
You can start with a bank of 300$, but the returns are going to be very small. I would think that you would find it a little frustrating to be earning only 5 or 10$ with a winning deal and maybe only netting 30$ per month. There is a good chance that you would start to risk a higher % of your bank and ignore good money management practices. I think that most of us here have been guilty of this in early trading days despite reading so many articles that stress the importance of risk management.
Good luck and remember that Patience is a virtue as well as an absolute necessity in the world of Forex