Hello everyone, Goodevening. (GMT)
I started learning Forex online just last week. I watch YouTube videos and I have a babypips pdf Which has been immense for me…
so this morning in-between my studying I opened a hugosway demo account of 3000usd and I decided to trade a stock(us30) around 5pm(GMT).
So in short what I basically did was gamble on buying and selling the stock due to the huge volatility at that time. I made a profit of $301 in 30minute period.
I’m still learning and I got some confidence Doing this today, so my question basically is I need help with demo account where I can start up or build up a trade with just$10.
Thanks
you have said you gamble, which shows you know you aint doing it right. read your babaypips again and go back on trading on demo account but by planning on your trade.
It is good that you got motivated to keep trading. The volatility can have some good effect on the prospective profits and sometimes the trade is in our favour and at times it is not. This is all an essential part of trading.
I don’t think calling it a gamble is a good thing. Forex trading is nothing like gambling and people keep confusing one with the other.
In my whole trading career, I have tried my best to learn from my trades. I have made it a habit to make entries in my trading journal. Before and after entering a trade, I always keep a record of my trades so that I can learn from them.
May be it was just a beginner’s luck so don’t get too excited about it. Many traders make it a mistake to think forex as a get rich quick scheme so better strengthen your basics first.