eToro – Forex Trading Forum

[vazeer]

I am Vazeer from India,i have no idea of fx market ,just went through etoro guide but didn't got much from it,am in practice mode etoro gave me $2000 but now am left with $1600,plz suggest me how you ppl make ur money in fx,am not from economic side so didn't have any prior knowledge of all this,confused in which pair i should buy and when to sell ,with the help of chart i try to trade but usualy thy form range which confuses me.When i see gren arrow with above +5 i usually sell but this dosn't add much to my profit.Plz suggest me how to stay in market and earn some serious money but in newbie language !?

Thank You

[Tropezienne]

Hi Vazeer - and a very warm welcome to this forum. You are in the right place to start learning about forex and you have done the right thing by starting on the Practice Account.

As you have learned - if you do not understand forex you will lose money very quickly. However, be reassured that if you take your time to learn about the forex in a structured and methodical way it is possible to build a very nice business here.

I started on the forex last March (2008) and although I still have a lot to learn, I lost only about $150 of real money. After that loss I returned to my Practice Account. Now I make a decent income via forex - I am not making a fortune, but I am slowly creating financial security for myself.

I have shared my learning experiences on this forum - I have used language suited to beginners (because Iam one !) - and I hope that they will be of use to you. If yoou click on my name you will be able to see a list of all my posts.

Also, many people find the free forex course on BabyPips very useful - visit their site : www.babypips.com

Do let us know how you get on - eToro is a great place to be a forex trader.