@ Lovely and young, I hea u. A good no. of folks have lost a fortune in forex, thats right, but y. Most people rush into forex, thinking that its another get rich quick scheme in town. They learn the very basic and quickly rush into opening big trading accounts without understanding the risks, and after a few trades kabut, the account is blown. Picture blowing 10 K US Dollars, or worse still 10 K pounds. Alas!

The fact that forex trading is a risky venture cannot be overstated, even proffessionals can attest. A good example is Bill Lipschutz, a veteran fxtrader who blew 12 K dollars that he had inherited from his late grandmother in the 80s. From this he learnt the importance of capital management and from then on his approach on any trade has been limiting possibility of loses rather than just looking at what he can gain. He now runs a successful hedgefund.

Well back to my story up there. Newbies should first focus on education and experience. Then proceed to thoroughly test these skills on a demo. A live account, should only be opened when one is making money on the demo. Heck,you can't make money on a LIVE account, if u cant make it on the DEMO.
My last point is: open the tiny-est account, about 250 US Dollars, then grow it pole pole. That way nobody will come to wazua screaming I LOST MY HARD EARNED MONEY , kwani the rest waliokota?

Ask me about fx:: ceinz1@gmail.com