You’re not really limited…
You can choose between demo, cent and standard accounts.
Start with a demo, then move on cent accounts and if you get confident and know what you’re doing usually you’ll have to move standard because of cent account limitations most of the time.
My advice, as a professional trader and programmer, start with a good basis - knowledge based on real results of others, advice coming from real experience because almost everyone is losing on forex, it has become like a casino after retail traders were able to participate in transactions. Listen to people who get results or you’ll lose money.
Read the book [B]MONEY - Master the Game from tony Robbins[/B]. If you think you will practice and become good at trading you’re telling lies to yourself. You should know what you’re practicing. Why you sell or buy, you can’t guess market’s direction based on past behavior, it’s impossible, focus on fundamentals instead and trade one which you’re passionate about: interest rates, macroeconomics, particular country’s economy, particular commodity and so on…
Technical analysis doesn’t consistently work on it’s own. I KNOW what I am talking about …and all these people here lose money, I don’t. I wrote many robots based on SYSTEMS… They never make money consistently even tho robots are very disciplined. Forget everything, become an expert in a particular subject and monetize on your knowledge. If you do there are ways (at least one) you can make tons of real money by trading on a demo account, but if you’re not good at what you do you’ll waste your time whether it’s a demo, cent or standard account.
I trade both manually and with robots I write, but all these robots are mostly based on fundamental and not on technical trade logic and I show my track record as well.
Finally I’d like to tell you one thing I heard once from my mentor: Advice is the cheapest commodity in the world!
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