sharonblay

First the trader must know the basics of how to trade or know better about Forex market. I would start using a demo trading account which I can learn more and even not lose money actually. This will make me or in other words train me for the real Forex market. Secondly, I would take advice from the other trust worthy experienced traders who would guide me in Market. This would be my beginning.

I like to trade on the overlaping time of London and New York session. When there is no news in range, that time I like to trade on all the USD, GBP and EUR related pairs. And when there is news, better I keep my trading away from trading that time. I do not want rapid profit, rather I try to be balanced everywhere.

Nodeposit account can be used to give an overview to the trader the ability to manage trading. If a positive result is obtained, then the trader is passed to continue trading with the larger accounts. But if the result is negative, the trader is required to conduct an evaluation and introspection.

I feel long term trading is best for a newbie, it allows him hold position for a longer period of time which kills the chances of taking sharp decision that is inherent in scalping. Scalping on the other hand requires that the trader have a smarter approach to dictate the different sharp movements.