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Thread: 5 Signs You're Ready to Go from Demo to Live Trading

  1. #1
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    5 Signs You're Ready to Go from Demo to Live Trading

    So you've been trading on a demo account for months now and you think you're ready to go live. But are you REALLY ready? Make sure you go through this checklist before you invest your life savings in the unforgiving world of forex trading.
    1. You're able to make consistent profits.
    2. You have clear-cut risk management rules that you stick to all the time.
    3. You don't lose your cool when your trade is losing.
    4. You don't take your losses too hard.
    5. You are completely comfortable with your broker and trading platform.


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    Can a newbie to forex get a demo account?


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    Quote Originally Posted by noobtoforex View Post
    Can a newbie to forex get a demo account?
    Yes, you can. Download this - http://www.metatrader5.com/en/download

    Install it.

    When installed, open it up. Click file, new account; enter in details (they don't have to be real ) and then you can trade demo just like it's a real account.

    Trading is a science of uncertainty and an art of probability.

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    I absolutely agree with your 5 singals for newbie to go live trading from demo account.

    But for the safety, when begin with live trading, make a small deposit as micro or mini account, then you can move to higher levels to get more profit


  7. #5
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    Great tips. Beginners please look out for the broker. **Do not Promote ¬ Promotion Removed** When your comfortable using as a trade demo, it is also good if you want to move on for the real deal.


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    totally agree with it...


  9. #7
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    another sign is that you absolutely know that you should never invest more than you can afford to lose.


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    Thank you for those very helpful and useful advises. (Still on the learning process.)


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    I guess when any trader succeed in building a right approach to manage his risks and rewards should move towards live trading account. However they should keep in mind about starting with small investments that can also be helpful in testing the desired broker.


  13. #10
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    Ofcourse you should feel confident about your trading and try to enter the market with a micro account if you are placing good trades then you are in.


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