Hi,
I just opened a forex
demo account at forex.com and am a complete newbie in the forex market. I wonder what strategies you guys use to improve your chances of making money in this market? I have learned some lessons with one day of trading. Half of my demo account was wiped out because I didn't know you couldn't keep losing positions over the weekend. I also learned not to put all the money in the account at risk, since your account can be wiped out if your margin goes negative. I wonder what else I should be worrying about. Are there any news services that you guys recommend that I watch. So far I have just followed the crowd and invested that way, but that seems like a losing proposition since I don't really know how to get out on time. Also, what other services would you recommend, besides forex.com, for trading. I didn't know some of their margin policies and received a rather rude awaking. Also, are there services that charge less pips per trade, like 3, or less, without commissions?
Thanks in advance.