Hi,
I have started forex trading 2 weeks ago.
I am currently doing the demo,
I started off with $5000 and now I I have $7238
I am planning to start the real thing in a few days…
Do you guys think it is a good idea?
And do you have any tips or any suggestions where I can learn more about forex trading?
[QUOTE=“BRADCLARKE;493352”]Hi,
I have started forex trading 2 weeks ago.
I am currently doing the demo,
I started off with $5000 and now I I have $7238
I am planning to start the real thing in a few days…
Do you guys think it is a good idea?
And do you have any tips or any suggestions where I can learn more about forex trading?[/QUOTE]
A nice performance on the demo account but have you been using good mon£y management?
BabyPips School & Forum are great places to learn, as is YouTube but other sources would depend on your trading style etc.
If you want to go live, go live with a micro-account. The psychological stresses and emotional rollercoaster are much different from demo trading to live trading. It is a VERY common occurrence for people to do well in Demo and then blow out their first account. Just take a couple hundred bucks and trade pennies until you’re sure you’re doing fine with the Live account. MahiFX and OANDA are typically the brokers I recommend depending on your location.