Forex Trading

RandomTemplate · #11 30-01-2010, 07:43 PM

I'll jump on with 100k then like you, no need to mess about changing after you started.

Cathy · #12 30-01-2010, 10:06 PM

Just to sound a note of caution. In around 2001 I set up a dummy portfolio on Yahoo and traded dot.com and other shares. I did very well and I had a little capital and thought I can do this for real.

But real is a totally different game. You will easily and bravely commit dummy money and make or lose and none of it 'really' matters. In reality you will be more cautious. You will miss chances because suddenly it's 'real' and unless you have squillions of spare cash you will deeply care when you lose. You will change strategy just because you've lost.

I learned a hard lesson with real money. Not one I would wish to repeat. That said, have fun with the dummy money

RandomTemplate · #13 30-01-2010, 10:59 PM

Couldn't agree more.

To relate more on my side of things I used to play alot of online poker, when it came to playchips I can (and have recently) turned 1000chips into 50million plus without going bust, mostly because I'll make very rare calls, bluffs etc. Whereas when I play for real money, although I can (and regularly have) turned $50 into $500+ I did fail to make alot of calls, whether I took to long to make decisions that I got forced to fold, or because I just couldn't bring myself to make a call of someones bluff due to the money at stake.

If and when I decide to invest in shares, I'll initially do it very small, probably doing the penny shares with a startup investment of around £50 (£40 worth of shares after broker) then as the years go buy drop in drips & drabs of cash that aren't of significant loss if I lose.

Forex Trading

Share Trading and Investments