Why don't you try trading only on demo and when you start doing well, you may think of investing real money.
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DislikedThis post I hope reaches out to those that are on contemplating on quitting the markets, Dont. You started for a reason, dont give up on that reason and embrace the difficult times the market has in store for you. Like Winston Churchill once said, Success is walking from failure to failure without losing enthusiasm. You are working on developing a set of skills that may take you 5 years to become proficient in that will generate you income for the next 50 years. If you ever feel like quitting, reach out to me. Lets talk. I know that feeling.Ignored
DislikedWhy don't you try trading only on demo and when you start doing well, you may think of investing real money.Ignored
Disliked{quote} From my point of view it is a illusion. You use the demo account to get in use with the platform, some dynamic of the day-by-day...but I saw plenty of traders that are very successful at demo accounts and... they open a real account...boooommmm! They lose everything faster that we can imagine. Real money means real life...and life is not simple to manage....There is no fear in a demo account, while the real one has more fear than hope (or too many hope....) So, a trader needs to control your psychological TS. When he understands this, profits...Ignored
Disliked{quote} From my point of view it is a illusion. You use the demo account to get in use with the platform, some dynamic of the day-by-day...but I saw plenty of traders that are very successful at demo accounts and... they open a real account...boooommmm! They lose everything faster that we can imagine. Real money means real life...and life is not simple to manage....There is no fear in a demo account, while the real one has more fear than hope (or too many hope....) So, a trader needs to control your psychological TS. When he understands this, profits...Ignored
DislikedThis post I hope reaches out to those that are on contemplating on quitting the markets, Dont. You started for a reason, dont give up on that reason and embrace the difficult times the market has in store for you. Like Winston Churchill once said, Success is walking from failure to failure without losing enthusiasm. You are working on developing a set of skills that may take you 5 years to become proficient in that will generate you income for the next 50 years. If you ever feel like quitting, reach out to me. Lets talk. I know that feeling.Ignored
Disliked{quote} Thankyou for the kind words brother. I'm here if ever need someone to talk to or simply want to to talk tradingIgnored
Disliked{quote} I aggree with what you said brother. I also feel demo is really beneficial in tunning a method as long as you are using the same optimal risk management and position sizing you would use in real account. My thoughts are if you aren't consistent in demo following your plan, what makes you think you will have a different outcome live?Ignored
DislikedNo way! Yeah, I have lost my trading balance for many times (probably 5 times) but I never lost my trading interest actually. I always tried to learn from my losing trades. Its true, I also did common mistakes like over trading, over lots, greed, emotions etc as like others new Forex traders. But day by day I have improved my trading skilled gradually.Ignored
DislikedI have been trading for 3 years now, mainly Forex, always on a live account. One of those $50 FXCM accounts, tried to get it up using only 1k lots and 3 pip take profits. It took me 3 months.. then it all faded back to $50 and currently sits at $47. That's not what's getting to me.. Recently (at the start of the year) I applied for a role at a prop firm in Australia, the firm specializes in futures and mainly focuses on STIR futures. They have dozens of applicants but only a few get a shot at the trial and then even fewer get an interview. I was...Ignored
DislikedHi, David Congrats for getting so far!! If you can't find a cheap platform to use, you may have to change your strategy. You need to focus on the personal qualities you have demonstrated in professional enviroment. I can't help with the platform but am happy to help out, pm if you want. MT {quote}Ignored