Hi everybody,
First time here. What a great place...nobody talking about bashers, pumpers and MMs...finally. The stock world is hell compared to this.
As I opened a demo account with a broker (no names since I am under 50 posts), I have been doing pretty good following SIDUS method. My initial 50,000 is now a little bit over 55,000. I always invested exaclty $4000 on each trade, since this is the amount I feel more realistic to my position right now.
Each trade gave me approximately a little bit more than $1000 in profit (call me lucky, but with Sidus I had 4 good trades out of 4).
Now my question is this: where's the catch ? Don't get me wrong, I know the risks and I have plenty of experience with the stock market, therefore charts are nothing new to me...I know that they work until, well, they don't.
But what about these profits ? Are they realistic, or is the demo account playing with me ? $1000 over $4000 in 1-2 days is not bad at all.
Is my demo broker giving me unrealistic leverage ?
With the USD/JPY, when I put in $4000, 8 PIPS are equal to $69.01. I assume that by dividing this by the number of PIPS I get that each PIP is $8.6
Call me ingorant, but is this the typical leverage ?
And also, if I open a live account with $4000, and throw all 4000 into one trade, do I get this same leverage, or this leverage is like this only because I "have" a $50,000.00 balance in this demo account ?
I appreciate your help and do not worry, I am not going to go live until 99.9% sure of what the hell I am doing. All I want to know right now is how realistic my demo gains are considering that I will be opening my accout with $4000.
Thanks
MrFuture
First time here. What a great place...nobody talking about bashers, pumpers and MMs...finally. The stock world is hell compared to this.
As I opened a demo account with a broker (no names since I am under 50 posts), I have been doing pretty good following SIDUS method. My initial 50,000 is now a little bit over 55,000. I always invested exaclty $4000 on each trade, since this is the amount I feel more realistic to my position right now.
Each trade gave me approximately a little bit more than $1000 in profit (call me lucky, but with Sidus I had 4 good trades out of 4).
Now my question is this: where's the catch ? Don't get me wrong, I know the risks and I have plenty of experience with the stock market, therefore charts are nothing new to me...I know that they work until, well, they don't.
But what about these profits ? Are they realistic, or is the demo account playing with me ? $1000 over $4000 in 1-2 days is not bad at all.
Is my demo broker giving me unrealistic leverage ?
With the USD/JPY, when I put in $4000, 8 PIPS are equal to $69.01. I assume that by dividing this by the number of PIPS I get that each PIP is $8.6
Call me ingorant, but is this the typical leverage ?
And also, if I open a live account with $4000, and throw all 4000 into one trade, do I get this same leverage, or this leverage is like this only because I "have" a $50,000.00 balance in this demo account ?
I appreciate your help and do not worry, I am not going to go live until 99.9% sure of what the hell I am doing. All I want to know right now is how realistic my demo gains are considering that I will be opening my accout with $4000.
Thanks
MrFuture
"Lunch ? Lunch Is For Wimps !"