Things to Know as a New Forex Trader

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#425: Things to Know as a New Forex Trader

In this video:
00:22 – Are you brand new to trading?
01:01 – You can do well from trading, if you know where to look
01:58 – Start with a small demo account
03:53 – Choosing a good broker
04:40 – Echo Trade Copier is at +30.7% in 6 months
06:32 – Tips for new traders – find the right people
07:24 – We’ve helped over 3000 traders from 98 Countries over 12 years

How do you start out as a brand new Forex trader? let’s talk about that and more, right now.

Hey, traders, it’s Andrew Mitchem here at the Forex Trading Coach with video and podcast number 425.

Are you brand new to trading?

And I want to make this video for you if you are brand new to trading or if it’s something you’re just looking at getting into and you don’t really know where to start because the Internet’s an absolute minefield. There are so much information out there online about Forex trading. Unfortunately, most of it’s not particularly good, and most of it’s written by people who are not really traders. So you got to be a little bit careful out there. And it’s almost like if it’s too good to be true, just don’t go there.

If it’s all showing you flash cars and Ferraris and people sitting on their laptop on the beach, don’t go there.

You can do well from trading, if you know where to look

But the good news is, is that you can do extremely well from Forex trading, but you just need to know how to get there first. So when you start out, it looks flashy. There’s flashy results, there’s flashy indicators, there’s all these cool things. But just take it back a step and treat it real. I really encourage everybody to do research. Don’t just jump in head first and think you’re going to become a millionaire by next week, because you’re not going to make that work. It’s going to end very, very badly. Do not treat it as a gamble either.

Now, if you think about starting something new, new sport, hobby, whatever it is, job, anything at all, you’ve got to start at the