New here to the forum. I have always had a kind of obsessive interest when it comes to finance and investments. I would always think about the dynamics of how the economy works. (For example what caused the real estate collapse. Hint: It was inevitable)
I have been thinking of opening a trading account for a while but just always put it off because of my job. This past Thursday I saw a pop-up for FXDD and I decided what the hell; Lets play with it a little. I opened up a demo account with $5,000.
In 3 hours my account was up to $5,944. I was ecstatic so I decided to buy more positions not knowing that at 2 o` clock the volatility starts to slow. In short, i was margin called and my account went down to $4,730.
The next day (Friday) I opened a new account and loaded it again with $5,000. This time I watched my leverage, was moderate on my profit targets, and didn
t make any new trades after 2 o clock. By the 3:30 all my trades were closed and my account was up to $5,712.
My question is this… is this some kind of dumb luck? Do professional traders consistently make these kind of returns? Does the demo account operate differently then a regular account? Im really left scratching my head. Everyone keeps saying you have to work your ass off to even beat a saving account return but I made more in a couple hours then my best friend makes in a whole week.