Shandy,
That's what I thought as well - but this one 'seems' to be going in another direction - let's see!!!
Forex4fun:
Just be careful that you don't give 'false hope' to people.
Let me put it to you this way: I 'messed around' with demo accounts 'off and on' for about two years or so before deciding that I wanted to 'give it my best shot' and start trading for a living. In those two years I pretty much stuck to one 'strategy' (I was not even sure what a 'strategy' was at that point) and one pair and made absolute fortunes in very short periods of time (one particular time I remember turning $50 into just over $3000 in about a twenty four hour period). Anyway - I eventually opened a live account with $500 - and - not changing a single thing i.e. same 'strategy' and same pair - lost that $500 in about thirty minutes or so (and this happened on more than one occasion in the beginning). It was HERE that my learning started NOT in the two years prior. Since then I have posted MANY posts on the subject and been 'shot in the back' many times for saying this but I stand by it. Put it this way - I have always said - open a live account - put your $500 in it - and consider those $500 'tuition' fees!!!
I'm not trying to 'dishearten' you or anything like that - for all I (we) know you have 'discovered' something that is absolutely fantastic and has not been thought of until now - but you have to remember that a 'perfect' system with a 'less than perfect broker' can still lead to financial disaster. That's the point I'M trying to make here.
Be careful of these ISO ratings and stuff like that (and I'm NOT saying that there is anything wrong with ACM - I don't know them and have never even tried their demo) - you have to KNOW what an ISO rating is and WHAT is being rated i.e. someone can get an ISO rating because their computer systems are 'top notch' and their 'backup' and 'record keeping' procedures meet a certain standard BUT that does NOT mean that they don't 'stop hunt', 'slip orders', 'widen spreads', simply 'skip over' orders etc. etc. - as a matter of fact because they run their computer systems so well they can do all of these things BETTER and FASTER than anyone else. Do you understand what I mean? Me personally I did not know that there even WAS an ISO rating for brokers (well at least not for forex brokers) but that does not mean that there isn't one and maybe it's something I need to have a look at and 'learn' about.
I must also say that the title of your thread concerns me as well (you wanted other peoples 'opinions' so here's one) i.e. 'my-demo-profits-leasurly-trading'!!! I don't believe that there is such a thing as 'leisurely trading' i.e. I have put hour upon hour, day upon day, week upon week, and month upon month (you get the picture) into this (reading, studying, testing, losing money, re-funding 'wiped out' accounts, etc. etc. etc.) and it's only been for the past two or three months that it 'appears' that I'm SLOWLY 'getting the picture'. But - on the other hand - maybe that's just me although I don't consider myself a 'stupid' person by any stretch of the imagination - as a matter of fact I consider myself 'above average' at problem solving and 'logically working through systems' (based on what I used to do for a living before choosing this path anyway) etc. etc. etc. but - maybe - I'm not as 'bright' as I think I am (I have recently been told that I suffer from 'Analysis-Paralysis'). I do know this much though - that if you don't at very least try and cover the 'basics' and get information and input from people that have years of trading experience and have been actually doing this SUCCESSFULLY for a living for a couple of years you've had it in the long term if you just 'jump in'. It took me many months and a 'sh1tpile' of USD to find this out!!!
Anyway - like I said before - if it works for YOU - then great - just as long as you are not posting these results here so that you can 'prey' on the unsuspecting 'new trader' (as everyone here knows - I HATE the words 'newbie' or 'noob') - VERY BAD THINGS happen to people that try and do that here!!!
And - by the way - if you open a live account and your system 'fails' - we'll all be here to try and help you figure out and understand 'WHY' (but of course you'd then have to 'reveal' your system to us)!!!
Regards,
Dale.
Last edited by dpaterso; 09-23-2007 at 01:25 AM.
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