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Additional Username
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Joined Mar 2016
|578 Posts
Forex trading is profitable depends on yourself. Many face many losses but there are also those who succeed. It generally depends on your trading strategy and on the risks you are willing or are able to take.
Hello All, if I am very good in Demo, can I be good in Live trading? comment plz, anyone.
Ignored
There is large difference between dummy money trading and real money trading.
Make sure you don't trade with your last money/rent bill or any other live expences and everything will work out.
Hello All, if I am very good in Demo, can I be good in Live trading? comment plz, anyone.
Ignored
As mentioned by Solo11, there is a big difference between demo money and real money. When you start with real money, it's better to start with small amount. Even few hundred dollars of your hard-earned money will show you how prepared for real trading you are.
Next stop is to pick your strategy and stick to it. Biggest losses I've seen were made by people, who abandoned their strategy to either a) get their money back immediately or b) Oh my, I could've earned so much with just a little tweak of my strategy here and there.
If you are very good in Demo and have at least some self-control, you should be ok.
Forex trading is profitable depends on yourself. Many face many losses but there are also those who succeed. It generally depends on your trading strategy and on the risks you are willing or are able to take.
Ignored
the success ratio is very much dependable on trading strategies , so we the traders have to ensure most powerful analyzing trading strategies if we want to get maximal result from trading. but the main problem , the result from strategies its all about short term.
Hello All, if I am very good in Demo, can I be good in Live trading? comment plz, anyone.
Ignored
Yes you can but you need good capital to do so. The difference between the demo and the real is the demo seems to have more interest with more players in the market which makes it easier to shop for a great strike price especially in the holidays. But just last week it was the opposite I went to trade my demo and as a result,I wound up trading my live account because the demo had no interest at the time Lol! Furthermore, when I first opened my live account I checked my trading by checking the demo at the same time to make sure it was the same and it was. So in conclusion Yes
Both are good to go. But for the beginner, it is better to start off trading in demo and getting comfortable with the system before trying the real account. It also helps if you are able to make the profit.
For pro, they usually go for the live account but some of them might try a demo account for trying out for back-testing.
major difference between the 2 is psychology. Demo does not replicate emotions of losing and winning money. This is if one of the most important things one must have under control in order to be a successful trader
also if someone is starting wiht a demo start with money that you would have to trade with a real account. make the experience as real as possible
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no point opening a demo wiht a a balance with 200k and when you go to trade live you put 1000 in an account
Hello All, if I am very good in Demo, can I be good in Live trading? comment plz, anyone.
Ignored
anyone can be profitable on demo - there’s no risk therefore no emotions going on.
when you start trading live you will see it’s a completely different animal - thoughts of fear/greed can have detrimental impact on what would otherwise be a profitable strategy.
start a live account with $100, place trades using strict risk management (using a position size calculator) at 2% risk per trade and see if you can build that account to $150. you will learn so much more from this process...
Forex trading is profitable depends on yourself. Many face many losses but there are also those who succeed. It generally depends on your trading strategy and on the risks you are willing or are able to take.
Ignored
That’s a good advice. One should not risk what he can’t afford to lose.
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Additional Username
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Joined Mar 2016
|578 Posts
If you are good with demo account then go for live trading with small amount of money, try your luck with small deposit to check whether you are good at live account also
as people said before - try to start with small amount on your live account.
BUT the biggest problem with demo is that it's not your money hence you don't care.
On demo you can do risky and reckless moves you won't do on live.
So start with small amount and when you feel confident enough - go big.
Good luck!
