I'm not new to trading, having done the emini previusly. But now I'm anxious to learn about the wonderful world of Forex. Initial due diligence and research ...WILL GIVE YOU A HEADACHE.
I know ya gotta have a broker. I've been highly recommended to Interbank fx. But I've also read many forum posts that are less than positive about them. FAR less than positive. I need to know that my demo mode is not rigged and is a reasonable reflection of a live account.
Also need assurance that when I enter a stop and need to leave my computer for 1/2 hour or so, that the stop will be reasonably honored should it be triggered.
The 2 systems that have impressed me the most have been Stealth and Trend Forex. I'm now reading here that Trend is just a fancied up version of HMA, which supposedly is free.
My take on this is that one trades no more than 5% of account balance and that 50:1 leverage is aggressive. And that if one chooses to use a "system", one park their ego and emotion and FOLLOWS the system. I also figure going in that the VERY BEST I'm going to do is be profitable on 4 out of 5 trades.
Serious, well-intended advice welcome. Please be nice.
