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Originally Posted by RedDuke
Demo-->Mini-->Standard - this is the only way to go. When I started, I always treated Demo as if it was real account. I never allowed myself to have huge losses because it was a fake money. That helped me a lot when I went live. If you can not make money with mini account, there is absolutely no point going to 100K lots. When I trade, I only look at pips, I do not care if it is $1 per pip or $10 or $100 … The size comes with time, assuming you are still around. |
That's about the best advice of the thread! Unfortunately some people are looking for a fast buck, paper trading one week and 200:1 live trading the next, no wonder they lose!
Mick