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Tips to start trading
Take advantage of the demo mode of this platform till you get the hang of how trends move and flow during the day.
In this first thread I will address money management and times to trade. In regards to money management, with a platform like this, it is kind of frustrating, as the leaverage is so high, which can be your best friend if you know what you are doing, or your worst enemy if you have no idea of how fast the market can move.
In regards to money management, use only 2% of your account for trading, as you get better your account will increase, and so will the size of contracts you will be able to trade.
And lastly times to trade, there are really 2 times to trade, 1 for people starting out and one for pros. For people just starting out a good time to trade is during the Australia and Tokyo session, the volume is low and market moves slowly, so its easier for you to get the hang of the trends and flow of money.
For the pros, the best time to trade is when both London and Newyork sessions are open, there is lots of volume and the speed of the market is quite speedy which makes it easier to get in and out.
In regards to this platform, I like it very very much, coming from a gaming background, it makes me feel right at home. I feel the displayed prices on the platform lag a little bit, but I have gotten use to trading with it after a few days.