Just opened a demo account one hour ago at FBS broker. I used the scalping technique, with a cent account of 6 dollars using 1:1000 leverage. I would like to ask for input and feedback from friends here, whether they think I am ready to move to a real account?
@ Nurmala:
If you are confident in your scalping trading strategy, and you can already generate consistent profits in a demo account, then you can enter a real account. A profitable trading strategy does not mean that every trade must be profitable, but the accumulated result from several trades within a certain period of time is still profitable overall. For example, if you can profit from 70 out of 100 trades in your demo account, then the profit percentage is 70%. If you enter a real account using the same trading method, it is assumed that the probability or possibility of profiting in 100 trades is 70%.
For scalping, traders usually do not use a specific trading system. Usually scalping relies on observing price action confirmed by technical indicators, namely trend indicators and momentum indicators in the form of oscillators (RSI, stochastic, CCI).