forex counting on recommendation

what about entering the forex world with little knowledge and low budget like 500 dollars?
plan : count on recommendation services ,when to buy when to sell
will it work?

Your question is a bit too vague.
What timeframe do you plan on trading ? Scalping, Day Trade, Weekly ?
Also what margin do you plan/can use ?

You should research these things first. And remember that Forex with too little money and no knowledge is just 50/50 gambling.

i intent to count on copy trade with 500 dollar and learn the basics
copy trade a person who is generally overall successful over months
@lockheadsr71b
do you think i will succeed?

autodream said:

i intent to count on copy trade with 500 dollar and learn the basics
copy trade a person who is generally overall successful over months
@lockheadsr71b
do you think i will succeed?

Click to expand...

Social trading (Copy trading, Mirror trading, etc) is a good way to start trading. However when choosing from who to copy from you have to be careful DON'T get impressed by a shiny profile page or portfolio design. Make sure you analyze them (trading methods they use, history in trading, feedback from other people, general gut feeling). Also try to analyze what they are doing and why is it working or not. This will help you both in refining your own skills and allow you to better chose a new trader if needed.

Also keep in mind this for trading of all kinds and don't kill yourself looking at charts all day.
When you put money in trading:
-Losing them is normal
-Breaking even is excellent
-Making profits is a blessing

Good luck !!!

autodream said:

what about entering the forex world with little knowledge and low budget like 500 dollars?
plan : count on recommendation services ,when to buy when to sell
will it work?

Click to expand...

Visit Oanda and you can see in the disclaimer pop up that trading with forex broker usually results in losses. More than 70% that trades with forex broker ends up with losses. I think Australia law is really good as it forces forex brokerages to open up and tarnish the false impression of easy money which usually results in money losing for investors.

A u really want forex with 500? I think better way will be crypto way.
Now i am LF nice recommendation services on crypto so if u want we can work together on it PM me back if interested

Never count on forex signals, you'll lose your money in just one trade.