I think I finally got the click in my brain for Forex trading/charts. The past 2 weeks I made 200-500$ a day with 2000$ using demo cash. My question is if I show a consistently positive account and heaven forbid I trade with 10K$ (multiply profits by 5) would forex brokers flag my account or change spreads or something? Is there such a thing as too successful? If its all based on decimals, win ratio and math with 20K I could be making 2000-5000$ a day? Is this for real?
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Are you planning on trading that size of an account LIVE?
You will find trading live is a whole new ballgame, because of the emotional challenges when it’s money at stake. And your current risk exposure is speculative, so beware when losing trades hit you - as they will.
As for broker firms, retail traders run into billions trading FX, so with your small $20k account, your broker would regard you as not important enough to treat you any differently from the rest.
Lol thanks. I guess I need to bite the bullet and do the real deal. See if I can actually prove positive.
Just try to use the regulated broker; then you’ll be safe! By the way, what’s your money management plan on trading?
May I know the total trade’s number? Im asking because you are looking like a newbie! So, don’t judge your trading skill too early!
I think what you should worry about is how to control the enormous feelings that comes with trading a real account and proper money management. These two are the biggest obstacles in the market.
Not to discount your wins, it’s still a win and it can be your signal that you’re ready to trade live. However, trading live is very much different than trading on demo.