I recently opened a demo account at GKFX and one at AVAtrade and with no prior knowledge I began trading. Now nearly ten days later I have made 20k on my AVAtrade account (began with 100k) and 3k on my GKFX Demo account (began with 5k). These numbers seem surreal to me. Did I just make a lucky punch and keep my fingers from trading in the future or should I try a real account once I’m old enough (currently 17).
What have been some of your experiences starting out in trading?
That makes sense. At first I had no clue what I was doing, but after a while I took some time to look at the charts and bought when I felt sure that price would rise or sell if it would fall.
What does one have to do/ read to become more secure with buying/ selling decisions?
I’d advise anyone to study at the free school on here. The most important things are to get a grip on Money Management and to find a strategy that gives you an edge - so you know why and where to enter and leave trades. Without both of these any trader will struggle to sustain a live account.
Best wishes