How can I find out if it’s luck or not? I have to ask this question because as you can see I have almost 3 months since I began this “experiment” and I tripled the initial amount, of course it’s only demo, I have a real account, but that was opened 10 months ago when I was just a beginner so I lost a big part of it since I didn’t knew so much about forex and now when I’m looking at the statement I see what mystakes I was doing but I will try to rebuid it.
I want to know your opinion what do you think about my performance, any advice is welcome, I will continue trading on the demo account as long as I can, because I want to improve my performance especially the entry and exit in my transactions.
Sorry if my english is not good, it isn’t my native language.
Because I need at least 5 posts to be able to include links in my message I attached a statement.
A response you’re gonna get is 300% in 3 months is completely unrealistic and unsustainable. Therefore, you’re lucky. Maybe you bet too big because it’s demo. Nobody really knows though. I guess keep trading and you’ll find out. You can assess your own strategy and plug your weaknesses. Then time will tell.
It was in a demo account, I can assure you that once you trade it will not look like that. A lot of new traders made the same mistake, they played in a demo account and had a great performance thinking they learned how to trade while in reality they have never placed a single trade. Then they go live armed with wrong confidence just to blow their account. I don’t want to discourage you here, just be realistic and open a micro account, fund it with $200 and see how it feels to trade an insignificant amount of cash.
Hmm… putting aside its a demo account and the very questionable lot sizing re account balance! 
I’m bound to say the percentage wins re losses look excellent. I didn’t count the trades, but after 100 or so the element of luck diminishes and the numbers start to become statistically relevant. MM needs work though and how your psychology will effect your trading on a live account remains to be seen? That said, looks promising!
I think you should keep stats of your trades… that way you have a measurable way to track your progress and can more objectively see if your skill is developing.
Yeah, this is very unrealistic in the real world. I won’t say that it is IMPOSSIBLE though, just improbable.
I think in every trade, there is always an element of luck. There are many things that we cannot control. HOWEVER, there are also things that we CAN control, like position size, stop loss, profit target, timing of entry, etc. These are the things that we should focus on as traders I think.
Thanks to all for responding, I agree with you it is a demo account, like I said I have a live account but I was stupid and lost a big part of it, I will try to make trades on that account and if I can do the same thing that I did on this demo I will put more money in it.
There’s always an element of luck involved in trading. Nut i guess if you want to find out if your performance was purely based on luck is to keep track of your trades in a journal. Review your trades and see if you made informed decisions based on the market conditions at the time.
Time will tell if you can sustain this performance. I wish you luck!
For starters, it is a demo so you cannot really think about how much pips you net or the $ you are making…the only thing a demo is good for is for back testing strategies. Figure out what you are doing right and when you think you are ready, use a similar strategy on live account (small)…
If you’re asking people if you just got lucky or not, chances are, you did. If you did the work and analyze your trades carefully, I’m pretty sure you’d know that those are the reasons (maybe not entirely, but a huge part of it!) for a profitable month.
I think it is important to ask if you are trading the same strategy all the time and it is working consistently even as market conditions change. If you are constantly changing your strategy then it may be luck rather than a successful plan that is working consistently.
Markets also move in typical cycles - imagine if you had a sell only strat and you ran in it in 2008 in GU/EU, you would have made money, a lot of money. Now run the same sell only strat in 2013 when we have more or less been moving sideways. Try looking at the daily charts to see the different cycles and spot test these areas of change using the same method and see if the results vary. It is at the end of the day these different market phases which you need to stay alive for.
i make all things and i hope i am so happy and my luck are good .
There is no way I would be in my current situation on luck alone.
Maybe the first few you could have luck but if you want to be consistent you need skill.
How long have you been trading?
Time will tell if it was luck or not.