Hello! Signed up to learn more about forex trading, currently practising on Etoro with my virtual account. Spent the last 3 days on it and more than doubled my virtual currency with what Iv already learned and think I’m doing pretty well and almost ready to invest real money. However I’d like to and need to learn more! Hopefully I’m in the right place now!! Woo!
Welcome aboard this great education site. While congratulations on your first three demo account trading days, there are red lights against trading live right now.
Etoro has high cost spreads, there are better broker options.
Trading a demo account offers little to no emotional challenges that you will need to learn how to react when facing a live $100 winning or losing trade.
Three days experience is a negligable statistic. And you’re risking too much to have doubled your account That’s gambling and overtrading. Aim for at least 50 trades to see where you are then…
Don’t believe me until it becomes the reality. Best of luck.