The best way to start a contest?

[claston]

Hello everyone. I am new to trading but I can find my way around. The other day I came across a contest at www.mt4brokersreview.com and I want to enter it cause the prize money is great and I'd like to give it a shot but my problem is since I'm new to trading and never been in a contest before, what strategy to use? Do you have any tips for a newbie? What is the best way to start with? Would you even enter it if you were in my shoes?

Please help.

Thanks

 

[Will smith]

I can understand your interest for forex. But you need to be more patience rather than mastering it overnight(which is highly impossible). Forex cannot be mastered by reading the books but only through experience. First get a demo trading account and practice for about 6 months. I am sure you will learn some basic nuances of forex, but still it is not enough. You will learn more after getting into real money trading only. All the best!

 

[sophieolivia]

I can understand your interest for forex. But you need to be more patience rather than mastering it overnight(which is highly impossible). Forex cannot be mastered by reading the books but only through experience. First get a demo trading account and practice for about 6 months. I am sure you will learn some basic nuances of forex, but still it is not enough. You will learn more after getting into real money trading only. All the best!

I agree with you. However, also people should go ahead to learn foundation & knowledge about Forex before going into demo/live trading.

If you go into trading without any knowledge or strategy, it is just like Gambling. & If you do this, I can only say good luck to you.

Always Gain strong foundation first.

(just my opinion)