I've recently tried the practice account for Oanda. Not really sure how it works but it's hard to make money. Mostly because of my mistakes. I've also been practicing my series 57 tests and it seems hard to pass. I don't know which is a better road but I am very thankful for my job since it seems hard to be a trader. Anyways any feedback on how to be better at forex or if you think I should wait and go with t3...
I've made up my losses but there seems to be a spread on forex that makes it extremely hard to make money..
Thats why most traders will use the future . If you send a buy limit order through at the bid then you don't pay the spread. Infact u get paid the spread
Are u in the US? Because the future is ur best option IMO. Rather than trading with a bucketshop. Sign up with AMP futures. There is no better. If ur in the UK or somewhere where using a bucketshop has tax benefits then probs go Oanda or similiar.
AMP seems to be for people with a lot of money. For me I think I have to take the 57 and trade stock. Oanda is all right, made some gains in it today. But definitely less efficient than trading stocks. Overall it was an interesting day.
Minimum is $500 at AMP, I'v gone there with a few K sometimes . Best broker in the industry IMO. Why are you doing a 57? I don't understand, any1 can just walk in off the street and trade whatever they want....... NO QUALIFICATIONS NEEDED....... AHAHAHAHAHAH