Artur, i can agree with jotelfinance, you always have better results when trading in demo, that is why i can recommend you solution which i found for myself. You can use cent accounts, they are real but the amount of deposit is very small, so you can not lose much money but still you will trade on a real account 😄 Good luck in your trading and wish you higher and higher results every day 😉😉😉
Demo accounts psychologically are not as taxing as the real account. Put your risk capital 'the amount that you can afford to lose' into a real account. Start small and use your energies & time to earn (or learn to lose) on the real account.
Welcome to the world of trading. when your trading a demo, its less emotion if you see draw down or losses, its not that much of a big deal. There are many different kind of traders, with different mindsets, styles and techniques. Some guys make rules and break them and it blows up your account or over leverage an account using short terms scalps. I speak for myself, iv been guilty for most mistakes and learnt the hard way. Heres a few things to consider before you go live.
do you have a trade plan? rules that you will stick too? eg, mines are: 1 trade at a time no matter if i see a golden opportunity while im in a trade. Even though my broker allows 1:50 another allows 1:500 and another 1:1000. i dont go over 1:14 max. What are your triggers for trade? DO NOT treat this as get rich quick scheme, i don't intend on taking any money out until around week 40 and even then its just peanuts because it doesn't fit in with my long term goals. Its not about quantity, but consistency. once you have mastered consistency you can always go for quantity. learn from others mistakes rather than make them yourself, i learn the hard way, which is expensive in trading. use both fundamentals and technical, not one over the other, if ones a hand the others a glove. mariav is very right start with a nano, if you see consistency over a long period of time add to the balance but ONLY what you can offered to loose. The above should get you off on the right foot, i consider myself new too, so if theres anything i can help you with i will be more then happy too.
last thing, Knowledge is power, dont stop learning.
The first one was a wrong decision and i just closed it to have a new start.
The second was something stupid where i learned from. I had an open position, but it keep growing, so i did a sell again. It keep growing so i keep selling the currency. But i did some wrong research so it closed al those trades. A huge loss, but i learned from it.
The last one i've tried to trade Gold. But i didn't know Gold is very risky because a little movement will cost u a lot of money. So i had a huge loss of 10 Euro's. But now i'm back on track without those 2 mistakes.
I don't know if i have a strategy or a Gambling strategy. I'm using technical analyses. My stop loss and take profit are different each trade so. I can't really say what my stop losses are and that kind of stuff. I'm only using two indicators: RSI and stochastics. But mostly i'm finding trades on a naked chart. ( like channel up/down, head and shoulders, triangles, ... )
Using a system free's you up some from having to do all the mental headaches and calculations of watching EVERYTHING. Also, if you have a decent one, it allows you to focus your efforts. But that never stops you from 'going rogue' :)
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