I can say that I've earned healthy returns on my account. That doesn't mean I'm filthy rich but I've been able to produce consistent positive pips which is slowly adding up to a sizeable return. If you haven't made positive returns yet, just hang in there and continue to demo trade until you can bring in consistent positive pips.
Well I'm new to forex trading and I have been trying to better educate myself better before I can make a trade and feel confident about doing so...
Money is hard to come these days and I'm not in the business of giving any away...especially if you have to work in the cold and out in the hot sun to earn dollar or two.
But, I 've been trading a demo account for about 2 months now and I see myself trading live in about another week.
This DEMO account that I've trading with...I'm making 3 out of 5 successful trades now and my account was up to 75,000.... now I'm back to 66,000.
Still trying to tweak on this ....Practice , practice , practice...
A good way to practice with real money is to open up a MICRO account. I know FXSol offers this. Each pip is only worth a penny but if you open an account with $5k or so you'll be properly capitalized. Just don't crazy and trade 100 micro lots at a time. It's just a good way to get your feet wet with real money without having to risk too much.
hey ollie35, you mentioned that you've been able to consistently produce positive amount of pips. Do you have a set goal of number of pips on a daily basis, or do you keep your position open until you are stopped out?