I'm starting and I need your advice.

[jiSuTkr234]

Hi everyone I�ve been testing demos and exploring the world of forex for more than two weeks. I�ve read a lot and done many test operations. I feel like I�m ready to start trading in real. I�m thinking of opening account with two brokers. In the next few days I�ll start in real with Oanda. I chose them for their low spreads and for good recommendations both here and in other forums. I�m also testing the EFX demo from tonight and I�ll decide at the end of the week. I really like the MT4 platform and I�m looking at several brokers that seem right: RFXT, FXDD and IBFX. Although IBFX has a high spread, especially in my beloved GBP/JPY, 10 pipes! (at least that marks the demo, if I�m wrong, please correct me.

[jiSuTkr234]

Now the most important thing: as a novice, I am confused by the opinions so different between traders. Sometimes I think I can make a fortune every day or every week operating with 1-3 standard lots at a time (this according to what I get in demo

[jiSuTkr234]

I am convinced that if I do the same in a real account, I can make good profits. I am generating minimum $1,001 a day (operating with no more than $3,001 virtual for 5 to 8 hours

[jiSuTkr234]

Look, if you think you're going to win $1,001 every day with a $3,001 account, you're going to crash into the wall faster than you imagine. This isn't a ticket-printing machine, and thinking like that is just going to lose everything. I'm not telling you in a bad way, I'm telling you because I've already seen too many people in them. You may have good streaks, but the market doesn't forgive overconfidence. Land, lower your risk, and learn to survive first before you think about lining up.

[jiSuTkr234]

I think it's okay for you to be motivated, but don't confuse enthusiasm with preparation. Two weeks is nothing. You haven't seen any important news, nor do you know how your head reacts under real pressure. Take it as a marathon, not a 100-meter race. If you're already winning in demo, use that time to document each operation and look for patterns, not to think about buying a Lamborghini in six months.

[jiSuTkr234]

I give you credit for wanting to learn and asking questions. There are many who don�t even do that. But you lack a dose of brutal humility to understand what world you�re getting into. The real and the demo are distant cousins. There are no emotions, no pressure, no real money. When you see an operation go red and start sweating, that�s where you�ll know the difference.

[jiSuTkr234]

This initial emotion has happened to us all. In demo everything flows and you feel invincible. But when the real spread arrives, the slip and the nerves, everything changes. I kept trying, but now with a serious focus. Arm a log, measure your ratios, adjust your risk management. The one who survives in forex is not the one who wins the most, it is the one who loses the least.

[jiSuTkr234]

Thinking you're going to double your account every week sounds more like a casino than trading. You're operating as if the market owes you something, and that's going to leave you dry. The key is consistency, not fireworks. Winning every day is not a strategy, it's a fantasy. I learned to lose well and to win slowly, there's business.

[jiSuTkr234]

You're right to distrust brokers. Many offer you gold and Moor, but then they burst you with spreads, rejections and manipulations. I chose with magnifying glass, not in a hurry. Oanda is a good option to start with. You have reasonable spreads, good execution and decent support. But like everything else, try it with little money first. Let them show you that they work.

[jiSuTkr234]

Your strategy of using multiple temporalities and confirming with indicators is not bad. But if you are looking for signals to enter every half hour, beware of overanalysis. Technical analysis is useful, but if you don�t combine it with emotional and risk management, you go to die the same. You�re new, so try one thing at a time and don�t want to eat the market one.

[jiSuTkr234]

You're brave to share your enthusiasm. But if you don't have patience, this world is going to pass you through. The rush and ego are the two worst enemies of the beginner trader. You don't need to operate 8 hours a day. Not even 2. What you need is clarity. A clear entrance, a controlled risk and a definite exit. And a lot of practice before you put real silver in.

[jiSuTkr234]

I am sincere to you, when I read that you wait to get $1,001 a day, I laughed. Not because I mocked you, but because I saw myself reflected years ago saying the same thing. I congratulate you on the desire, but lower the volume of expectations. Most traders who last more than a year will tell you the same thing: this is slow, boring, and requires more discipline than magic.

[jiSuTkr234]

There's something you're not considering: the real spread widens when there's news or low liquidity. What you see in demo is just a part of the game. Also, you actually face yourself. Your emotions are going to try to sabotage you every time you lose or win. Controlling them is going to be more important than any indicator.

[jiSuTkr234]

Do not be fooled by the results in demo. Winning in demo has no merit if it does not hold on in time and with emotional control. The best traders take months or years to tune their edge. Take this as a professional career. No one becomes a surgeon in two weeks, why do you think you will be profitable so fast in trading?

[jiSuTkr234]

The fact that you're asking if order rejections are common in real shows that you haven't investigated enough yet. There are a thousand variables that affect execution. If you're going to scalping, you need a broker with ECN execution and tight spreads. Not all brokers tolerate it. Find out well before you put serious silver.

[jiSuTkr234]

Do you want to know why most people fail? Because they don�t respect their plan. Because they overwhelm each other. Because they operate without stops or because they think they are smarter than the market. The recipe is not magic: risk management, patience, constancy. If that doesn�t excite you, then look for something else. Forex isn�t for everyone.

[jiSuTkr234]

Use this moment to study how the market reacts at different times. The behavior is not the same in the Asian session as in the European or American one. Also analyze spreads at those times and how they affect your strategy. Sometimes it is more profitable to operate two good operations per day than to make 20 crazy entries.

[jiSuTkr234]

You say you have 5 to 8 hours a day. What about the subsequent analysis? And the review of your mistakes? Or do you just count the winnings? The real work is out of the chart as well. I recommend you take note of each trade. What did you see, why did you get in, how did you feel, what happened next. That blog will teach you more than any course.

[jiSuTkr234]

It's normal to get excited with the first profits, but if you don't control that feeling, in a short time you're going to eat an emotional beating. The market punishes the confident and rewards the patients. If you want to last in this, you have to think like a sniper, not like a crazy trigger.

[jiSuTkr234]

If you're already making $1,001 a day with $3,001, I congratulate you... You're about to discover the severity of leverage! Don't get excited, that party doesn't last. The important thing is if you can hold that for 90 days straight without your account blowing up. If you can, I swear I'll make you a statue on Wall Street. But for now, calm down. [Removed by moderator]