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Hi, Can someone give me a tips, new trader here, starting on demo account

KnightsofKornor (KnightsofKornor)
Jun 17 2018 at 12:05
posts 27
Hi, Can someone give me a tips, new trader here, starting on demo account, i think i'm good in demo you can check my profile and trading history, I gain 573.54% on one account and the other account is 285.76% i trade those accounts only in 2 days. but when comes on live account i can't win just like on my demo account. Thanks in advance

Dandelion
Jun 19 2018 at 14:25
posts 10
It sounds like you don't understand risk management. Those are enormous gains for 2 days. Try a smaller lot size

KnightsofKornor (KnightsofKornor)
Jun 20 2018 at 05:54
posts 27
Yeah i know since i'm a newbie here, i think a lot of things need to consider, but i'm just trying what i can do on demo account and contest before i trade on live account. My first trade was 20 Lots for 10, 000 demo deposit. is it alright or you think i may adjust it lower?

KnightsofKornor (KnightsofKornor)
Jun 20 2018 at 05:55
posts 27
Dandelion posted:
It sounds like you don't understand risk management. Those are enormous gains for 2 days. Try a smaller lot size

Thanks for the info, i want to know more on trading. Your response is much appreciated. What i may need to know about risk management? What is the best Lot for $100 deposit?

KnightsofKornor (KnightsofKornor)
Jun 20 2018 at 06:00
posts 27
And also can you suggest me the best leverage on $100 deposit? i'm planing to scalp trading.

mulani1961
Jun 24 2018 at 06:26
posts 18
KnightsofKornor posted:
Yeah i know since i'm a newbie here, i think a lot of things need to consider, but i'm just trying what i can do on demo account and contest before i trade on live account. My first trade was 20 Lots for 10, 000 demo deposit. is it alright or you think i may adjust it lower?


MT4 only allow 8 lots for first Open position for $10.000. that why you must be carefully try demo first before you go to Real account in one Broker. Sometime they set different parameter to attractive new Trader.

KnightsofKornor (KnightsofKornor)
Jun 24 2018 at 12:57
posts 27
Thanks for the info :) it hepls

skalpprofx
Jun 25 2018 at 11:15
posts 1
Write the EA for your strategy as I you can trade

petkofxlev38
Jun 26 2018 at 10:30
posts 14
The most important thing is to have a good money management and follow it strictly. I was taking too huge risks before,and now I am following the system of 2%.This means that my SL should not be on a bigger distance of 2%. When I trade 1k account, I place a SL that will make me max 20 dollars loss. So this way I calculate the lots. And it is really logical, and since I started using it I have improved my results.

I learned that in the course Manual professional trading from EA Forex academy, it was 200EUR course, and this week I saw they have a sale so the course is just 10EUR, how ever I took few more...hope it helps

RedPips
Jun 26 2018 at 12:30
posts 14
skalpprofx posted:
Write the EA for your strategy as I you can trade


I find EA is the best way to test a strategy because you can backtest it against years worth of data

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