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DEMO ACCOUNT vs LIVE ACCOUNT

Meltafoz
Aug 23 2016 at 05:47
15 posts
mlawson71 posted:

I have never heard of that happening, but it wouldn't surprise me if it does.


No wonder, I don't think such brokers would be willing to disclose that sort of activity.

Baldo (BaldoN)
Aug 24 2016 at 05:27
522 posts
If you play football do you always go to the stadium and just play the big game, no. You go and practice and train. Demo is practicing and Live is playing the real game, but you have to do both in order to succeed. Have you seen a professional who has never trained and started playing from the beginning? No! Its all about practice , practice, practice.

mlawson71
Aug 27 2016 at 11:11
1487 posts
Meltafoz posted:
mlawson71 posted:

I have never heard of that happening, but it wouldn't surprise me if it does.


No wonder, I don't think such brokers would be willing to disclose that sort of activity.


They certainly do even worse than that. State Street Corp., a US custody bank and provider of financial services to institutional investors, recently shelled out $530 million in order to settle several lawsuits alleging it was overcharging its clients by secretly adding mark-ups on their forex transactions. (https://smnweekly.com/2016/07/27/state-street-shells-530-million-settle-forex-fraud-accusations/). And considering that the company's assets number in the trillions of dollars, this was peanuts to them.

Toto sugiarto (marshadaddy)
Aug 29 2016 at 06:42
3 posts
No one broker will pay you out of his own pocket, somebody must loose.

kieran (snapdragon1970)
Aug 29 2016 at 09:25
1945 posts
There's a saying to succeed in business you have to be a crook.

"They mistook leverage with genius".
vontogr (togr)
Aug 29 2016 at 10:30
4862 posts
marshadaddy posted:
No one broker will pay you out of his own pocket, somebody must loose.


Broker takes commission or spread or both from each trade.
So the only one who does always profit is broker.
Now good broker would like you to be profitable to trade a lot. By trading a lot you generate bigger profit for broker.

mlawson71
Aug 29 2016 at 10:37
1487 posts
Well, they wouldn't be in this business if they didn't have guaranteed profits.

Meltafoz
Sep 06 2016 at 11:49
15 posts
mlawson71 posted:
Well, they wouldn't be in this business if they didn't have guaranteed profits.


Generally I think: if you see combination of 'forex' and 'profit guarantee', then runaway

mlawson71
Sep 10 2016 at 09:11
1487 posts
GiGio78 posted:
There are several factors that depend on a good Trading, it can be a good system of manual or automatic trading, as in turn psychology in each.

It is important to see the type of broker you work.


That is especially important, yes. One always needs to make sure that the broker they've chosen is not a scammer, because the market is full of them (https://smnweekly.com/tag/scam/). Fake brokers cold-calling clients, others presenting themselves as legitimate brokers, or just plain refusing to allow clients to withdraw their money. However good your trading, if you happen upon one of these it wouldn't matter.

TheOne1
Sep 12 2016 at 06:36
10 posts
I'm new to trading and I've been trying to trade on a demo account. I 'Earned' about a 1000 usd, this boosted my self-confidence and I'm thinking about trading for real.

Lowest trading costs at Vipro Markets , check my bio for more
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