I am getting 10% daily return on my Forex Demo account. Need Advice.
Like the title says, I am doing crazy good on my Forex demo account. I want to know is this sort of thing common and will it all completely change when I make a live account. For some background I have been only studying Forex for about 2 weeks but during those 2 weeks I have not stopped learning. I came across a strategy that is now making me 10% returns per day and I'm fairly sure I could make that number higher with more practice. Any advice with this would be much appreciated.
Practical learning is times better than visual, theoretical learning. This applies incredibly well to Forex trading. No matter how many blogs you read and how many videos you watch, no learning experience comes close to Forex demo trading. A Forex demo account simulates real-time trades that currency players can learn from. Learn more from here.
does anyone here use forex demo accounts? what do you recommend?
Hi folks, I'm looking at signing up for demo or play account for forex trading for educational purposes. I know that it's high risk and the many see it as gambling, so I would never risk money that would leave me unable to sleep at night(hence, I would like to try the play account first). Note: I have an emergency fund that I do not touch other than in case of job loss, as well as ETF index funds that I continually contribute to(and I have become very prissy about maintaining monthly allocations), so I would never use more than my entertainment money if I were to trade in real life =) I'll also be signing up for the ASX sharemarket game for entertainment/educational purposes. So, does anyone know of a good demo/play forex account? What amount of cash do you limit for your forex trading if you were using real money?
FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Forex trading is facilitated through leading trading platforms such as MT4, cTrader, JForex, Trading Station, NinjaTrader, and other proprietary trading platforms solely developed by Forex trading companies.MT4 demo accounts are among the most popular Forex practice accounts in the industry, mainly due to the extensive reach and global preferences of the MT4 terminal. Because forex demo accounts are supposed to simulate how trading live will be feel like with a real money trading account, they are basically the same in every aspect as with a real account ... FOREX.com offers a free $50,000 demo forex trading account with no risk and no obligation. Practice accounts are designed to teach Forex trading. They are the same as the real accounts – you trade on the same terminal, see the actual situation of the market and get the real quotes. The main difference between the demo and the real accounts is that you trade virtual money, not real.
Lesson 9: The importance of a demo account in forex ...
#forex #forexlifestyle #forextrader Want to join the A1 Trading Community? Follow along with trades taken by our top trading analysts, join our trading chatr... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Want to learn more about forex? Check out our Trading Room: https://bit.ly/2QH9AaB Sign up with IC Markets - Our preferred broker! IC Markets: https://www.ic... #forex #forexlifestyle #forextrader Want to join my VIP group? Get my signals, education, and live chat! Link to join: https://tradernickfx.com/ // SOCIAL FR...