Thread: NEWBIE
View Single Post
  #6 (permalink)  
Old 05-18-2008, 02:11 PM
Shaun Overton Shaun Overton is offline
Member
 
Join Date: Apr 2008
Location: Panama
Posts: 90
Default

J77,

I encourage you to start with the smallest account possible. The two most common mistakes are:

a) novices assume that they will make money. They do not consider the possibility of losing
b) novices usually do not have a trading plan

I suggest that you first prove your ability to make money in a live trading account before trading large sums. Everyone who has traded for more than a few months knows it is possible to lose at any given time.

If you do make money, you are only out time and phantom profits. If you lose, it is always better to lose $2,500 instead of $250,000. The markets will be around tomorrow and next year - don't jump in the deep end until you are ready to swim.
__________________
Shaun Overton
OneStepRemoved.com
MetaTrader Programming & Strategy Development
Reply With Quote