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MY trades with demo account

  • #41
  • Jul 27, 2007 3:28pm Jul 27, 2007 3:28pm
Quoting JOATMON
Why don't you learn by trading with the same $$ you would be trading if you opened a live account?

I don't see how you will learn when trading big numbers in a demo account. The psychology factor of trading live is COMPLETELY different.

In my opinion you are not learning anything that will help you in live trading. You must use and trade similar amounts to what you would live, and pretend that you really are trading real money, or open a small live account for about $250 and trade micro lots (0.01 lots)

You are trading like you are already an FI driver... remember, these drivers started in go-carts.

I am sure you will do VERY well if you start walking before you run.
I plan to start trading real with 20,000 $ (before I will start the real big account I will start with mini account)
This is what I did here
I started with small trades until my account become 200,000$ and I started to do big trades I don’t see something wrong here ... it’s all for learning purposes
I feel I need to do all the mistakes now with the demo to learn it now and not in real...

Regards roslan
  • #42
  • Jul 27, 2007 3:51pm Jul 27, 2007 3:51pm
Roslan,

I'm also demo trading, have only been practicing for 1 month now. I have a market cap of $5,000. I trade two mini lots (20,000) at a time. I've made about $1000 and I've lost about $500. I am using demo for the following reasons...

1. try out others' systems to see how I like them
2. learn the mechanics of trading
3. see what the effect of my actions are, ie experiment
4. practice looking for opportunities using the system I've chosen

I have a long term plan to start trading live with about $3,000 a year from now. This plan is contingent upon me making consistent profits in demo over at least a 9 month period. Also, I am not changing the system I've adopted, I am trusting it and playing by its rules.

Another reason for using demo for now, is that it seems hard these days to settle on a broker who isnt hunting stops, having platform issues, etc. so I want to wait until I know which broker I'm likely to do business with. Also, I'm also waiting for EFX's new platform which should come out this year.

Good luck to you, try and learn as much as possible, and when you do go live, as others have said, start very small.
Disregard all prognostications.
  • #43
  • Jul 31, 2007 3:34am Jul 31, 2007 3:34am
NZD/EUR
SELL : 1,000,000
OPEN PRICE : 0.5618
STOPLOSSE : 0.5662

1) TARGET : 0.5550
2) TARGET : 0.5520
  • #44
  • Aug 1, 2007 2:46am Aug 1, 2007 2:46am
Quoting roslan1984
NZD/USD SELL : 3,500,000 OPEN PRICE : 0.77710
STOPLOSSE : 0.79000
Closed NZD/USD At : 0.75730 With Profit Of : 67,655 $
  • #45
  • Aug 1, 2007 2:50am Aug 1, 2007 2:50am
Quoting roslan1984
NZD/EUR
SELL : 1,000,000
OPEN PRICE : 0.5618
STOPLOSSE : 0.5662

1) TARGET : 0.5550
2) TARGET : 0.5520
Closed NZD/EUR At : 0.5546 With Profit Of : 9,833 $
  • #46
  • Aug 1, 2007 2:54am Aug 1, 2007 2:54am
Quoting roslan1984
EUR/AUD
BUY : 2,000,000
OPEN PRICE : 1.5960
STOPLOSSE : 1.5649

TARGET : 1.6100
Closed EUR/AUD At : 1.6099With Profit Of : 23,406 $

ALL POSITIONS CLOSED FOR NOW
Account value : 252,336 $



WAITING TO ENTER NEW POSITION
  • #47
  • Aug 6, 2007 1:15pm Aug 6, 2007 1:15pm
EUR/USD
SELL : 6,000,000
OPEN PRICE : 1.37915
STOPLOSSE : 1.38635

FIRST TARGET : 1.37200
  • #48
  • Aug 9, 2007 7:53am Aug 9, 2007 7:53am
Quoting roslan1984
EUR/USD
SELL : 6,000,000
OPEN PRICE : 1.37915
STOPLOSSE : 1.38635

FIRST TARGET : 1.37200
Closed EUR/USD At : 1.37240 With Profit Of : 40,740 $
  • #49
  • Last Post: Aug 13, 2007 6:36am Aug 13, 2007 6:36am
I am starting to trade my first live account (micro account)
http://www.forexfactory.com/showthread.php?t=42488

I will continue also the demo trade
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