Hello all !
This is the first time that I speak to other people for my experience in forex , so please, dont blame me a lot for the “I” and “me” etc that I repeat saying :p. Its all in the excitement.
I’ ve been studying forex the last 6 months, (for approx.average 8hours / day practice included), read all the pipsology guide (twice or more some sectors ), read the book " Getting Started in Currency Trading: Winning in Today’s Forex Market " by Michael D. Archer, read everydays financial news from BBC,fxstreet,forexpros,bloomberg web TV etc. too much study suddenly !
Practiced on more than 20 demo accounts, of wich, the 16 were margin called and left with cents at the end of the 2nd week (5 months and 2 weeks ago)
The funny thing is that as time went by, I realised more and more how to verify indicators, to combine news, to jump in breakouts, to use fibonacci (as support/resistnc. and retracement) , to stop loss and secure profits etc… Ive tested leverages 1:50, 1:100, 1:200 but I loved the 1:500
I started a 10.000 eur demo, and today balance is 120.000 with no open positions.
Started a 1.000 eur demo and today is ~ 7500
Started a 500eur demo and today is ~ 2000
Started a 3.000eur Pro and today is ~ 9000
Those accounts did never reach a low margin level
Have tried many many many strategies that found on the web, also many EA’s wich wiped half my balance(!).
Last 2 months apart from scalping, Im using a bet-thing “Fire And Forget” kinda strategy, wich simply I open a buy or sell order according to news and indicators with 50pip TP and 150 SL, and its givin me profit all the time. Also on all my trades I risk 2% or gain 2% Or I go to the end of the long trend wich most times is much more than 2%.
I am so happy (today) , for keep making pips , without having my 4 precious accounts blown up after 6 months !
I would like to ask you, what differences am I going to face on a real live account - to start with about 500eur deposit.? (or Less or More ?)
*I forgot to mention - I trade only EURUSD
Do you suggest me to set any Goals or try other things in demo trading ?
Do you suggest go on Live or stay more in Demo ?
I really dont bother neither, cuz if I stay demo I xperience more, If I go Live as everyone says, I’ll wipe my account !!!
Thank you everyone for your time !!!
George-Greece.