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  1. #11
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    Re: Should I go for a live account?

    Start small and be ready to blow that account.

  • #12
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    Re: Should I go for a live account?

    thanks for your suggestions, I think ill go live with something small like 500eur. I think i just need stick to my rules, cuz even on the demo I keep on placing random trades that most of the time turns out to be a loss

    Best Regards

  • #13
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    Re: Should I go for a live account?

    I was thinking something smaller, maximal $50. Just get the feel of the market first. Once ur confident enough, upped the anty.

  • #14
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    Re: Should I go for a live account?

    One of the biggest things you need to do is learn how to handle losing trades.

    It is going to happen. You have to accept them and move on as quickly as possible. Losing is part of trading. If you cannot do this, then you will expect to win every trade. And as a trader who expects to win every trade, you will then stop being willing to take risks.

  • #15
    Gold Member Array barbara's Avatar
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    Re: Should I go for a live account?

    Quote Originally Posted by kavalius
    thanks for your suggestions, I think ill go live with something small like 500eur. I think i just need stick to my rules, cuz even on the demo I keep on placing random trades that most of the time turns out to be a loss

    Best Regards

    :o :o don't ever do this on LIVE ever and never its gambling and will get you fast out of the forex .. always enter with a good reason and don't forget to write down every trade you make, write the reason you enter in it .. this is the only way you will learn forex

    Barbara

  • #16
    Gold Member Array FreddyFX's Avatar
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    Start trading live ASAP, demos are to learn how to manage the platform, NOT your emotions while trading.
    How much can you lose when using lots that are 1 c/p. So you lose a few $$$$, Just calculate how many bad trades you can place for wasting $10?

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  • #17
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    Good luck for you!!

  • #18
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    Hi, when I started trading, I only spent one week on the demo, then opened up a real account. I lost some money, but I am grateful that I proceeded the way I did. You should open up a real account, because that's where the real learning is done. That is where you deal with your emotions, that is where you need to learn self-control and discipline. You can do fine on the demo for 6 months and then blow your live account. It is totally different, in my opinion.

    Take care

  • #19
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    start with microlots !! you will save money

  • #20
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    Well it is good when a broker gives the opportunity to earn bonuses so that you can trade with bonuses prior to moving to real trades. I am trading with FreshForex and that helped to move from demo to real. You are not pressed the burden of responsibility, when you know that it is not your own money.

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