Ask The Experts About Day Trading For Dummies

Thomas asks…
Could I gain 10% compounded every week by trading forex?
I am going to be 18 in 6 days. I have a practice account with FX Express. I’ve even bought Currency Trading For Dummies to learn what I need to know about trading currencies. With my practice account which is like the real thing, (apart from emotions!), I have been making 10%+ compounded every day. However, I want to be a little more realistic here and say with real money, I could maybe make 10% compounded a week with real money. I want to know is this is actually possible to do when you put in real money?

admin answers:
Hi there, glad to hear that you are able to make 10% compounded return on weekly basis. You never try the real thing, you will never know whether it work. Just do it.
I am keen to learn from you how you could make 10% everyday. If you could just share your trading method . How many hours you commit to trading, what time of the day, how big is your risk appetite , what is your profit range per trade in pip.
I know Dr Lim Ming Soon did turn USD2000 into USD1million in 18 months.
You must have at least 3 months of demo account trading before going actual trading. Dr Lim suggest doing it for 2 years to understand market move and your self on trading.
My greatest achievement is turning my losing trade into 100% profit within 6 months. Doing it part time 9pm -11pm tuesday to thursday but my risk level can be as high as 80%. About 25% per trade.
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Ask The Experts About Forex

Sandra asks…
What is the best forex trading strategy?
I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.

admin answers:
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://www.marketiva.com/index.ncre?gid=3371
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