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Re: Right syallabus to study forex

I just got Rockwell Trading's Home Study Course and it's perfect for beginners! Just google them to find out how to get it. They also provide really great support.

Re: Help me understand forex.

Yeah, definitely looks like your risk to reward ratio was too high and you got caught with a margin call. When you get a margin call in FX, most brokers will automatically liquidate any open positions and you're done. Just google "risk to reward ratio" or "position sizing" to figure out how the best trade size. With $200, you're also a bit undercapitalized.

Re: Thumbs up Useful advice for beginners

A book that has really helped me is Trading Chaos by Bill Williams. There are a few different editions and I would recommend reading the first one and the most recent ones. The first one gives you the basic understanding of what it takes to be a successful trader and the most recent one outlines the changes he's made to his system and strategy. Very useful reading for any trader and I wish I had read it before I started trading my live account. I'd also recommend Markus Heitkotter's stuff. Different from Bill Williams, but it's always good to get a variety of views. When it comes down to it, it's up to you and only you to make decisions about how you will trade.