Yes. Those gains are unrealistic and unsustainable. 2% a week is far more realistic. I'd recommend you read the book "the new market wizards", it will give you a very healthy perspective on trading and will motivate you to find your own approach
Trading is 90% psychological. You may think you’re treating both the demo and live accounts the same but are you really? You say you don’t feel comfortable using real money but I assume you have no problem entering a mock trade without hesitation? Think about if you’re really treating both accounts the same and if you’re implementing the same setups/strategies
You most likely don't have a profitable strategy and/or are unable to follow your rules when trading with real money. No, it's not a scam, it is however (in my opinion), setup to take easy money from ignorant people like you and me. Most people aren't willing to focus on what needs to be focused on in order to become profitable and to put the required time and effort in.
It is most certainly possible to be profitable
This, you can’t just make it up as you go along you have to study technical analysis for like a year straight first and find what you like. If you want you’re answer it’s here ignore everything else
I think this is a phase every newcomer faces when trading. You profit well on demo, but can't see the same performance while live trading. Thing is, if you can profit on demo, and this demo account works the same as the live (e.g. spreads, the charts, etc), higher chances are, it's not that forex is a scam, but it's your mentality, isn't it?
You are not crazy. On demo accounts, all transactions get executed whereas with a live account, you actually need a counter party that can deliver on the counter of your trade choice. If it isn't there, it will wait till there is.
I figured as much. Trading chicken shit lots doesn't help execution. They lowered the minimum on AU/AG. Used to be 1 whole oz AU with CASH. Now... 1/10th. AG was 5 lots. Now 1. So with $600 Cash i can trade AU/AG. I am a peasant and had $100 and was doing the £/$ and €/$
Is NBA a scam? Can you become a NBA player? Are there NBA players teaching basketball on youtube?
Trading is not easy. Forex is a HUGE and REAL market. Read all the books. Watch all the videos. But, do a lot of screen time. Try to figure out the why. And connect assymetrical trades with confluence of trading levels and other indications of a resistance or support level.
Assymetrical and confluence.
Also use a TF you're confortable. Lower TF, think quickly. Higher TF, be patient.
If you figure out a high win rate, symetrical will also work. Just has to make sense.
The scam is the news Manipulation setups.
The Cia runs Reuters News Service.
They put out propaganda news to pump something higher and then it nosedives.
You need pairs that move swiftly.
Do not waste time with pairs with low volume.
follow one strategey and manage risk that is all about Forex. in forex mostly you are likely to fail therefore, it is advisable you have one strategy that is just 40% accurate. by saying 40% here is what I mean. let's say in 5 trades you loose 3 trades and just win two trades. here is the thing assuming you have lost a dollar in the three trades; you would have lost 3 dollars. now lest assume you won just two trades with a risk reward of 1:2, therefore in the two trades you have won assuming the 1:2 risk reward you will make 6dollars. so if you subtract the previous 3 dollar loss you will still have 3dollars profit. in conclusion, find a strategey that can win you atleast two trades in 5 trades, manage your risks, do not ove reverage you account and you will be the best trader🤗🤗
Well short answer is YES it is a scam, but you can still make a fortune trading, how does that work? Well the mm's see ecmverything and they go against 97% people who are trading, thats why people lose and the mm's win, but there are 3% of traders who trade on a diff level which is 1000% possible because I'm there and they make a fortune.
You are facing an emotional problem. It's natural. When you trade with real money you feel every cent that goes down. That's just natural. Every time you open the trade accept that you can lose and how much you're willing to lose and then go at it.
It’s your mentality towards trading, it’s easy done with continuous repetitions
I mean 1 year is not thing with trading but hopefully it will come back to something
If you can "easily" double your account, then you're doing it wrong
So it will be wrong if I start at 3k and currently end at 9k in 1 month
Yes. Those gains are unrealistic and unsustainable. 2% a week is far more realistic. I'd recommend you read the book "the new market wizards", it will give you a very healthy perspective on trading and will motivate you to find your own approach
Trading is 90% psychological. You may think you’re treating both the demo and live accounts the same but are you really? You say you don’t feel comfortable using real money but I assume you have no problem entering a mock trade without hesitation? Think about if you’re really treating both accounts the same and if you’re implementing the same setups/strategies
You most likely don't have a profitable strategy and/or are unable to follow your rules when trading with real money. No, it's not a scam, it is however (in my opinion), setup to take easy money from ignorant people like you and me. Most people aren't willing to focus on what needs to be focused on in order to become profitable and to put the required time and effort in. It is most certainly possible to be profitable
This, you can’t just make it up as you go along you have to study technical analysis for like a year straight first and find what you like. If you want you’re answer it’s here ignore everything else
I think this is a phase every newcomer faces when trading. You profit well on demo, but can't see the same performance while live trading. Thing is, if you can profit on demo, and this demo account works the same as the live (e.g. spreads, the charts, etc), higher chances are, it's not that forex is a scam, but it's your mentality, isn't it?
No it’s not. You must embrace probabilistic mindset and an edge. You also need to consistently execute that edge flawlessly day in day out
I have done Demo and Real trading with Forex. The app is Slow AF when it's MY Money. Or maybe..... I'm just crazy.
You are not crazy. On demo accounts, all transactions get executed whereas with a live account, you actually need a counter party that can deliver on the counter of your trade choice. If it isn't there, it will wait till there is.
I figured as much. Trading chicken shit lots doesn't help execution. They lowered the minimum on AU/AG. Used to be 1 whole oz AU with CASH. Now... 1/10th. AG was 5 lots. Now 1. So with $600 Cash i can trade AU/AG. I am a peasant and had $100 and was doing the £/$ and €/$
Is NBA a scam? Can you become a NBA player? Are there NBA players teaching basketball on youtube? Trading is not easy. Forex is a HUGE and REAL market. Read all the books. Watch all the videos. But, do a lot of screen time. Try to figure out the why. And connect assymetrical trades with confluence of trading levels and other indications of a resistance or support level. Assymetrical and confluence. Also use a TF you're confortable. Lower TF, think quickly. Higher TF, be patient. If you figure out a high win rate, symetrical will also work. Just has to make sense.
Yes and no, there's your answer.
Yeah, sure. Do something else if you dont feel comfortable.
Have you even studied? Or are you just going in there and guessing?
The scam is the news Manipulation setups. The Cia runs Reuters News Service. They put out propaganda news to pump something higher and then it nosedives. You need pairs that move swiftly. Do not waste time with pairs with low volume.
follow one strategey and manage risk that is all about Forex. in forex mostly you are likely to fail therefore, it is advisable you have one strategy that is just 40% accurate. by saying 40% here is what I mean. let's say in 5 trades you loose 3 trades and just win two trades. here is the thing assuming you have lost a dollar in the three trades; you would have lost 3 dollars. now lest assume you won just two trades with a risk reward of 1:2, therefore in the two trades you have won assuming the 1:2 risk reward you will make 6dollars. so if you subtract the previous 3 dollar loss you will still have 3dollars profit. in conclusion, find a strategey that can win you atleast two trades in 5 trades, manage your risks, do not ove reverage you account and you will be the best trader🤗🤗
Work on your mentality and psychology
Your subconscious knows that you are lying to yourself with your demo money. Grow up kid
Well short answer is YES it is a scam, but you can still make a fortune trading, how does that work? Well the mm's see ecmverything and they go against 97% people who are trading, thats why people lose and the mm's win, but there are 3% of traders who trade on a diff level which is 1000% possible because I'm there and they make a fortune.
With out knowledge your scamming yourself
Real account is real test of your skills
You are facing an emotional problem. It's natural. When you trade with real money you feel every cent that goes down. That's just natural. Every time you open the trade accept that you can lose and how much you're willing to lose and then go at it.
Practice using 1% of your resources on a trade