Considerations before real trading

First, pay attention to the Leverage offered, the value of a lot or contract size, the margin and the stop out level. Because the value of gold currency trading and currency rates are different.

FXDD does have good regulation, but it's best to be wise. If you claim to be a beginner, it's best to be careful. Deposits use wire transfers, with service fees up to $30. So, we've already incurred a shipping fee which I think is quite large for those just starting to trade with $250 capital, almost 11% of the capital. The same goes for withdrawals.

Setting a 2% target is not wrong. But is this achievable or not? Will you really exit the market when you reach 2%?

Usually, the emotions of beginners are very high. The planned plan is finally crashed by themselves, on the grounds that the market is profitable, when else if not now, tomorrow may not be profitable, etc.

Inevitably, beginners will experience losses, usually proportional to the deposit made. Not to scare you. My advice is to look for a broker that offers cent or micro accounts first.

Thanks.

@dv: The desire to trade a real account focusing on the gold pair and GBP/JPY is good, sir, there is nothing wrong with that. However, a profit target of 2% per day with scalping for beginners is very difficult, because consistent profit of 2% per day requires sufficient trading knowledge and experience. The winrate required must be more than 70%.

My suggestion is before trading with a real account, it is better to first test the consistency of profit and maximum drawdown of your trading results for 3 - 6 months on a demo account. This is so you know the trading risks you will face.

When consistency and low drawdown have been achieved, please open a real account. FXDD is a secure broker, has its headquarters in Malta and is regulated by the MFSA.

Thank You