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  1. #1
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    Should I go for a live account?

    Hello,

    Ive been learning to trade for 4 months now. My manual trading account is up by 14.8% and the one that I use ea's is up by 6%. I think im doing quite well, but what do u, traders, think, is it time for me to open a live account, or I've might just been lucky enough to be profitable?

    Best Regards

  2. " "
  3. #2
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    Re: Should I go for a live account?

    Quote Originally Posted by kavalius
    Hello,

    Ive been learning to trade for 4 months now. My manual trading account is up by 14.8% and the one that I use ea's is up by 6%. I think im doing quite well, but what do u, traders, think, is it time for me to open a live account, or I've might just been lucky enough to be profitable?

    Best Regards

    NO NO NO NO

    just joking ... If you feel ready you are ready.. only you can tell

    Good Luck

    Barbara

  4. #3
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    Re: Should I go for a live account?

    Quote Originally Posted by kavalius
    Hello,

    Ive been learning to trade for 4 months now. My manual trading account is up by 14.8% and the one that I use ea's is up by 6%. I think im doing quite well, but what do u, traders, think, is it time for me to open a live account, or I've might just been lucky enough to be profitable?

    Best Regards
    Mate, open a cents account. Put there 20 greenbacks, which will become 2000 cents and trade happily until you get your confidence and feeling to decide yourself that to do next with your trading, whether to go to micro and mini then, or leave this business completely. Seriously said

  5. #4
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    Re: Should I go for a live account?

    thank you indo-investasi... now i become a better trader...
    Last edited by dr0o69; 08-07-2010 at 01:07 AM.

  6. #5
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    Re: Should I go for a live account?

    Demo is good for some time but it doesn't activate your greed and paranoia. That you can face only with real money.
    This you have to master before you became continuously profitable.

  7. #6
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    Re: Should I go for a live account?

    Well,

    There is a big differenbce trading demo or live.
    Just open a small account and try if you are still succesful.

    But when you trade for real, there also a thing called psychology........ be aware of that!

  8. #7
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    Re: Should I go for a live account?

    I would suggest starting with a small amount (between 50-100 USD) and trading in micro lots. Trading with real funds often displays different results for traders when compared to trading a demo account. Closely monitor risk management and position size....as this is often the area that most traders neglect.

  9. #8
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    Re: Should I go for a live account?

    I also suggest that you should open small live account but only a 1/10 of waht you were thinking of for live account and then try out and test your psyhological skills how you will handle losses. On demo it i seasy to acept losses but you need to understand how you will react whe you see that the trade goes against you you must train you brain to survive. what is forex forex is surviving. why do you think that 95% of forex traders do not make their dream come true? it is cos of mental skills, they just do not have what makes them do become real trader.
    But there is light in the end of the tunnel - you can train yourselfe and never give up.

  10. #9
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    Re: Should I go for a live account?

    Start live trading with strict set of trading rules.
    If 3 losing trades for a day - stop trading for today.
    Otherwise - be ready to lose your whole account
    (this is more than possible, you know).

  11. #10
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    Re: Should I go for a live account?

    Start trading live. 4 months and positive account should be enough. Start out small tho, weird feeling when its your own real money...
    Good luck!

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