new to forex please help, page-8

benox not trading for 4-6 months is a very wise decision.I would recommend trading a demo account in that time frame and if you master that then you should consider opening a live account "only" when you feel your fully ready.

I remember when i first started trading forex about 5years ago i jumped straight in and wiped out my account in 1 month gbp/usd and not putting any stop loss in place at the time.Thats leverage for you.

For me though success comes with failures and ever since about 2005 i have made a decent living from this but this is only due to me being discipline and sticking by my trading rules.If i go outside that then i know this straight up gambling and i risk losing alot of money.

I have been around the days when fxcm started cheating their clients by their dirty broker methods and i make sure that when i chose a broker today it meets all my requirements.

Other than that i have enjoyed trading and i will continue to read and educate myself and be alert to any broker scams around the world.