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Trading micro accounts

  • #1
  • First Post: Feb 17, 2010 1:22pm Feb 17, 2010 1:22pm
ok lets say i am willing to invest $1000 on a micro account. I have gone over the babypips school and many other resources, i kinda have a feel for the thing. But i still feel i am a victim of info overload.

Is there anybody out there that has traded micro accounts successfully that can give me some tips?

I am demoing with FXCM Mirco, is that advisable?

I am going crazy, need some filters to all the info that is out there.
  • #2
  • Feb 18, 2010 12:48am Feb 18, 2010 12:48am
Quoting didacus
ok lets say i am willing to invest $1000 on a micro account. I have gone over the babypips school and many other resources, i kinda have a feel for the thing. But i still feel i am a victim of info overload.

Is there anybody out there that has traded micro accounts successfully that can give me some tips?

I am demoing with FXCM Mirco, is that advisable?

I am going crazy, need some filters to all the info that is out there.
Why need to keep all eggs in the same basket?
Open 3-4 micro accounts and check for a few months which one is better. I think last week there was a thread about FXCMs downtime for a whole day.
  • #3
  • Feb 18, 2010 3:43am Feb 18, 2010 3:43am
think in % at win and loss.

As i started with small money ( 100.-€) a few month ago i was over risking my account because i risk 5-10.-€ and more per trade... ( I thought this is so small money, so who cares....)

After realising that this is the wrong way, i started to think in % per trade. so if im risking 2% per trade i dont count the money only the %.....

and yeahh you need a lot of dicipline
  • #4
  • Feb 18, 2010 9:41am Feb 18, 2010 9:41am
FXCM downtime is not good news, any other options you guys recommend for micro accounts?
  • #5
  • Feb 18, 2010 2:28pm Feb 18, 2010 2:28pm
Quoting didacus
FXCM downtime is not good news, any other options you guys recommend for micro accounts?
Check out FXOPEN for micro accounts dude.
  • #6
  • Last Post: Feb 18, 2010 2:52pm Feb 18, 2010 2:52pm
yeah i bookmarked fxopen the other day, do you recommend it? any other micro accounts brokers guys? and any other trialed and tried tools for a newbie micro trader?
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