Hi all,
I have been demo trading for a little over 6 months using the same method, and have had decent returns. I know people here say demo is not like live trading, but I was just wondering if there was anything unusual about the markets right now (very trendy perhaps)?
The reason I ask is because I have seen that "95% of all traders fail" over and over in this forum. It doesn't seem too difficult as long as you are willing to dump your initial capital in the trash. Today I was in the red on 6/6 trades (some 100+ pips) and ended up positive on 4 of them, 1 is still negative and 1 is up 62 pips at the moment.
I'm going to demo through the rest of college (2 years) before I trade for real.
Thanks
edit: 2 min after I write, the negative one just turned green ...
I have been demo trading for a little over 6 months using the same method, and have had decent returns. I know people here say demo is not like live trading, but I was just wondering if there was anything unusual about the markets right now (very trendy perhaps)?
The reason I ask is because I have seen that "95% of all traders fail" over and over in this forum. It doesn't seem too difficult as long as you are willing to dump your initial capital in the trash. Today I was in the red on 6/6 trades (some 100+ pips) and ended up positive on 4 of them, 1 is still negative and 1 is up 62 pips at the moment.
I'm going to demo through the rest of college (2 years) before I trade for real.
Thanks
edit: 2 min after I write, the negative one just turned green ...