DislikedDear Okanemici,
Sonic setup is not 100% fool-proof, let's say it gives you higher probability of success.
Trade safe.
breezeIgnored
- #31,583
- Mar 5, 2012 9:32am Mar 5, 2012 9:32am
- Joined Jan 2012 | Status: Trader | 1,005 Posts
To grasp the essence of sonic, may I suggest you demo or paper trade, then you understand.
breeze.
Thank you professor Tah, you have a point here, you are right about all, since I'm new to forex and english is not being my native lang I have difficulties sometimes, and as I'am working in an other job I don't have much time in setting every single modification, with your tremendous helps and ,some other people like you, I 'm improving
Thanks for everything
We are all in this thing together.
- #31,589
- Edited 12:24pm Mar 5, 2012 12:14pm | Edited 12:24pm
- | Joined Jan 2010 | Status: Trader | 623 Posts
Thank you but without the fear of losing your money I don't believe that anyone could understand the real market conditions, that's what I'm trying to get used to. Thanks for your advise though
I have demo traded for about four years, and when you are using
$300,000, it's hard to get a true feeling as to what is taking place.
I just went live last week with a mini account and placing trades at one cent per pip to be safe.
It's a totally different perspective, and I recommend everyone do it as soon as they feel comfortable with the platform.
- #31,591
- Edited 4:23pm Mar 5, 2012 4:07pm | Edited 4:23pm
- | Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts
enjoy my life ... and ride the waves - all what I do 
- #31,592
- Mar 5, 2012 4:41pm Mar 5, 2012 4:41pm
- Joined Jan 2012 | Status: Trader | 1,005 Posts
Hang in there Okanemici!
We are all in this thing together.
- #31,594
- Mar 5, 2012 7:21pm Mar 5, 2012 7:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,595
- Mar 5, 2012 7:22pm Mar 5, 2012 7:22pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,596
- Mar 5, 2012 7:24pm Mar 5, 2012 7:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,597
- Mar 5, 2012 7:30pm Mar 5, 2012 7:30pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,598
- Mar 5, 2012 8:12pm Mar 5, 2012 8:12pm
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
I agree with you on that, Okanemici.
I have demo traded for about four years, and when you are using
$300,000, it's hard to get a true feeling as to what is taking place.
I just went live last week with a mini account and placing trades at one cent per pip to be safe.
It's a totally different perspective, and I recommend everyone do it as soon as they feel comfortable with the platform.
For anyone new to demo trading, just make sure your demo's initial balance is roughly same as what you would put in real life account balance, not some unreasonable huge demo balance.
Having a huge demo balance give unreasonable expectations when trader goes live, thinking they really earn profit from demo trading when they probably did not.
Demo is first aim for you to get to know your trading platform, how to put in entries and exits with the platforms, how to use your basic trading strategies.
Consider demo trading for 1-3 months, if profitable, then open a live account with a very small contract to live trade.
Putting money on a live trade, even a small money, has a bigger emotional impact than demo trade.
Live trading really shows your real trading behaviour.