People,
The only reason why I suggested the IC Markets Demo Account is to align everyone to one Broker as there are over 1800 Brokers worldwide and they all have their own algorithm inserted in each Broker account to monitor our trades and the leverage is a major difference in todays Regulated world. The Account type, leverage and balance makes a very serious impact to all Retail Traders.
Most EU / USA Brokers are roughly 1 to 3 and up to 1 to 30 Leverage which reduces the flexibility of a Trader and IC Markets is 1 to 500 which enable YOU to trade better and further BUT at a higher Risk to your learning and skills. Remember, the Broker theory as they all define the trader's failure rate worldwide - The 3 90's - within 3 months (90 Days), 90% of Traders fail and bust their live account (reduce the balance by 90%)... Factoid Number 1. THE PURPOSE OF THIS CHALLENGE IS TO REDUCE THIS FACTOID.
Please, try and NOT measure your performance by profitability BUT by Performance of your new trading skill and Business - this is a BUSINESS.
cpfleger
The only reason why I suggested the IC Markets Demo Account is to align everyone to one Broker as there are over 1800 Brokers worldwide and they all have their own algorithm inserted in each Broker account to monitor our trades and the leverage is a major difference in todays Regulated world. The Account type, leverage and balance makes a very serious impact to all Retail Traders.
Most EU / USA Brokers are roughly 1 to 3 and up to 1 to 30 Leverage which reduces the flexibility of a Trader and IC Markets is 1 to 500 which enable YOU to trade better and further BUT at a higher Risk to your learning and skills. Remember, the Broker theory as they all define the trader's failure rate worldwide - The 3 90's - within 3 months (90 Days), 90% of Traders fail and bust their live account (reduce the balance by 90%)... Factoid Number 1. THE PURPOSE OF THIS CHALLENGE IS TO REDUCE THIS FACTOID.
Please, try and NOT measure your performance by profitability BUT by Performance of your new trading skill and Business - this is a BUSINESS.
cpfleger
1