Share
hello everybody,,
| Subscribe to this topic |
|
Member Since Aug 03, 2010 6 posts
m_gazar
Aug 11 2011 at 07:50
I'm training right now with a demo account in order to open a real account very soon,,,
http://www.myfxbook.com/members/m_gazar/m-gazar/141153 So, I need the experts of you to analyze my performance using the link above and tell me my chances please,,,,  However, even if my performance isn't well enough, I'll open a real account soon anyway  Thank you so much |
|
Member Since Apr 11, 2011 190 posts
Splexin (Splexin)
Aug 11 2011 at 12:38
m_gazar posted:
I'm training right now with a demo account in order to open a real account very soon,,, http://www.myfxbook.com/members/m_gazar/m-gazar/141153 So, I need the experts of you to analyze my performance using the link above and tell me my chances please,,,, However, even if my performance isn't well enough, I'll open a real account soon anyway Thank you so much Looks good except you're not using SL or TP. In my opinion, for manual trading using one is a must. But, at least you are not over-leveraging, like many newbies make the mistake of doing. I also recommend trading demo with the same amount as you will be depositing live. If you trade on a $10,000 demo account but can only put $1,000 into a live account then your results will be very different. I have learned this from experience. Everything should be as simple as it can be, but not simpler. |
|
Member Since Jan 26, 2011 1367 posts
zzzero
Aug 12 2011 at 03:20
trade demo using the same terminal and account balance and leverage that you plan to go live with.
if you plan to go live with broker x then most definitely trade demo using broker x's platform. if you plan to go live with five hundred bucks, trade a demo account that is setup with five hundred bucks. do not, for example, practice game trading at broker y with a 100k balance at 400:1 if you plan to go live with broker x at 50:1.. also, set your terminal to the highest leverage setting allowed... this does not affect your risk... setting your terminal to low leverage settings only serves to put you closer to a margin call, that is all that it does. on my terminal, 0.01 lots at 50:1 requires just under thirty bucks of margin, at 400:1 the same trade will require 1/8th the required margin, but you get the same profit per pip... few seem to understand this issue.. setting the terminal to some silly leverage like 10:1 does not equate to low risk trading.. notice that metatrader provides default amounts that you can setup a demo account with, but you can also enter pretty much any amount that you want to start with.. happy trading. zero/. n/a |
|
Please login to comment.
|
|
