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  1. #1
    Rookie Member vontrapp's Avatar

    Newbie from Orlando, FL !!!

    Hello everyone. Just wanted to stop by and introduce myself to everyone. Iím totally new to all this so Iím currently enrolled in BOTS University. Halfway through Pre-School and have learned so much. I opened a demo account yesterday at MarketsWorld and made a few trade for shits-n-giggles just to see what itís like and I did ok. Right now Iím just absorbing as much information as I possibly can.

    Few questions:
    As a newbie should I start a trade diary with my demo account?
    Should I also learn about Forex Trading?

    Iím more of a lurker and I can find answers to most of my questions by searching on my own but if I have a question I will ask.

  2. #2
    Veteran Member Ronnel's Avatar
    Welcome to CommuniTraders Vontrapp!
    Yes you can start your diary with your demo account. Just share your thoughts, studies, demos and your experiences in your diary and we will be there to join the party

    Can't really say if you should also learn Forex since I only do Binary but I guess anything that you can learn will strengthen your trading education in general.

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  4. #3
    Rookie Member vontrapp's Avatar
    Quote Originally Posted by Ronnel View Post
    Welcome to CommuniTraders Vontrapp!
    Yes you can start your diary with your demo account. Just share your thoughts, studies, demos and your experiences in your diary and we will be there to join the party
    Thank you Ronnel. I read a few of your diary entries and I like how it flows. I will definitely follow your advice as well as your diary entiries. Thank you for the warm welcome.

  5. Thanks Ronnel thanked this post
  6. #4
    Veteran Member Dan21's Avatar
    Hi, vontrapp! I think starting your own diary is a great idea. I'm a little sorry for not having started a diary in the beginning thus I would know how much exactly have I improved. It's incredibly useful. You learn better when writting, it clears your mind and it's a good way to always keep track of your trading status. Have you started your demo account? Where?

    If I were you, I wouldn't try to learn BOs and Forex simultaneously. It might confuse you, because even though they have similarities, trading Forex and BO is quite different in many aspects.

    Good luck and have fun trading!

  7. #5
    Specialist Member runneroption's Avatar
    Most traders who do BOs have first tried to trade on Forex. Both are helpful for your experience. Of course it is better if you concentrate on just a few things in the beginning. Like for example - get to know a particular instrument very well and don't jump around the charts like crazy. Try to understand it's market movements and trends. Get to understand how does it change and what can correlate with it. Try different strategies, but always give enough time for a given strategy so your opinion of it will be based on real statistics and not just coincidence. That's my advise for you.

  8. #6
    Legendry Member milos's Avatar

    I wish you welcome to BOTS.
    No needed to learn forex trading. Its only binaries. There are a lot of difference between forex trading and binary options trading but I don't speak about that here.

    You can use CT demo account here .Choose the assets,time frame expiry and press the button trade and enjoy yourself! You have nothing to lose. You can only get all needed information.

    Happy trading!

  9. #7
    Legendry Member Michael Hodges's Avatar
    you should definatly keep a diary, every bit of knowledge and practice helps. for now stick with binary,when you get good enough you can move up to forex,the entry there is much more specific and harder to master. Let us know of any questions you may have!

  10. #8
    Rookie Member vontrapp's Avatar
    Thank you everyone for the welcome. I'll concentrate on BO and start a diary. Yesterday I downloaded MT4 and i can't wait to get to know how to use it.

  11. #9
    Legendry Member willyw's Avatar
    Hi vontrapp, welcome to BOTS. Please feel free to ask.

  12. #10
    Rookie Member khyangg's Avatar

    Welcome to BOTS.

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