I made over 2000 GBP on the demo account and finally started the live account 3 weeks ago.
Initially made a £350 and then lost over £2000 after the missile strike by N. Korea
I made about £200 today after the market went up again.
This incident really really broke me! I’m not even sure what to buy etc. Can anyone help in suggesting what to buy etc.?
What the… Haha look at their face!!! Make mi want to vomit bro… Wahaha… Anyway… Idk (I don’t know) how u lost 2k… U let it run? Waiting for pull back? Or in few trade?
A lot of traders go through this. If you have 100,000 in your account, it’s no problem. If you don’t it may be a problem. Trade 1-2% of your account on any one trade. It may be useful to go through the BabyPips course all the way through so you can have a basic understanding of trading. Then give it another try using much smaller position sizes.
If you’re replying back to my post above regarding a demo FX account, then it was in sarcasm, so apologies for the confusion.
However, when I did use a demo account I did so for around 2 years, maybe even approaching 3 years before I funded a live account. Everyone is different and we all have our own choices. At the time I took demo very seriously, unlike some, which is perhaps one contributing reason as to why I spent a rather long time before going ‘live’.
All in all I saw a minimal difference between that of a demo account and a live funded account - both concerning emotions and returns.
What’s your risk reward ratio? Listen, you can’t take more than 2-3% risk ratio in your per trade position! I see, you didn’t follow money management and risk management rules!
I am sure, you tried for live trading without practicing your demo! Listen, its not easy job! If you try without enough preparation, then you’ll lose your money that’s very natural! So learn first then try to make money!
Yes - absolutely, definitely: you need to buy a few proper beginners’ textbooks on trading, and read them before trading again, even on demo.
And for God’s sake stop listening to people like Togr, Steve Eppeson, LauChoKun, and “Peter Siddle”, who have absolutely no idea what they’re talking about.
You Mad Bro. hehehehehehehe, “I second your emotion” you are right on with your assesment. So yeah OP, go through the BabyPips School, then read everything by Alexander Elder, especially Trading For A Living. Then go on Sim for about 3 years, then start with $500.00, then after 2 years you can start trading size. Of course the step up in size is predicated on generating Alpha in the sim environment and small size account.
@Quickly
you are the one who has no idea what you talk about
I have been, unlike you, trading for living for years.
I have unlike you many real, profitable and verified accounts.
So stop behave like a small child attacking everyone who does not posses the same set of ideas like you.