Is it time to log into your real account?

Broker Account
N
Nurmala
15 Jul 2021, 16:38 784 Views

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?

2 Answer

M
martin 19 Jul 2021, 14:07

@ 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).

 

Z
Zoni Julfikar 19 Jul 2021, 19:15
I wouldn't dare, Ma'am. I used to wait up to 1 year to learn on a demo account. After consecutive losses, I went back to a demo account for 6 months. Don't be greedy first, master the knowledge first. I used to think, oh, what's so hard about just pressing the buy and sell buttons? But when I tried it, I got margin called repeatedly. My advice to you, as a fellow beginner, is to try it on an account for at least 6 months first.

Add Answer

Loading editor...
Back to Forum

Forum

view all

Broker Testimonial

view all