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Is this good to trade live?


Tariq777

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Hi guys,

 

I have been back testing using Forex Tester and I want to show you some equity curves. This is that off EURUSD and GBPJPY from 2004 - mid 2011 using daily charts. Do you think this is good enough to trade live?? There are about 360 trades in the back test.

 

I know 360 is not a huge number but I think it will perform the same with most major pairs like AU, NU, EJ etc as long as theres no extended periods of choppiness like there is on 5min charts.

 

TY.

 

http://imageshack.us/photo/my-images/85/53618099.jpg/

 

http://imageshack.us/photo/my-images/842/56263522.jpg/

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  • 2 months later...
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  • 2 months later...
  • 9 months later...

Of course, with trading live you will get money from it. i advice to trade live. If you want to trade offline that is fine and you will not have any problem unless you have big amount of deposit, since trading offline is different rather than trading online. but mostly newbie prefer trading live/online.

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  • 1 month later...

it is a good to trade a live . but when a new member will go to start trade he must need to know about it . so he can take a demo account trade and at the last time he can open a real account and can start trade

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  • 2 weeks later...

It is good to trade live. When a new trader start his trade he will be worry for the risk of forex. So i think open a demo account is better for increase his trading knowledge.Then he will be learn how to be better for his and earn money. So forex market is good for all over the world.

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It is a good for open a real account. But forex is a risky business, so at first we need to open a demo account. By the demo account we can no how to earn money. Money is sweeter than honey. So earn for money it is need to increase the knowledge and then you can earn. At last need a real account for earn.

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Without live trading, money cannot be made my friend. Before making an attempt at the markets, it is imperative that a trader spend quality time in the demo accounts learning how to trade by testing and retesting new strategies.

It is such a funny thing to read actually. Of course, if we do not trade with the real money, then we will not make good money on forex trading. The demo account will never produce the money, except if we can find the demo account contest. Then the winner can get the winning prize

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Trade live when you are ready for that. Prepared for the system, ready with all the risks that would be faced.

Always making plans first before we start real trading. When we are already preparing our plans, try to keep referring to plans already made. Discipline is very important to be successful in this business.

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  • 3 weeks later...

Trade live when you are ready for that. Prepared for the system, ready with all the risks that would be faced.

Always making plans first before we start real trading. When we are already preparing our plans, try to keep referring to plans already made. Discipline is very important to be successful in this business.

The most important thing is we do not get in a hurry to trade with real account. Make sure we prepare well for what we needed for trading, and that judge whether we are ready or not is ourselves, ask ourselves.

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  • 3 weeks later...

Yes it is. But many newbies are trading in their demo accounts to get experience and save their money.

I prefer to use demo account first and when you feel that you are ready to trade then go live.

i also did it before i use real account to trade in forex. Demo account is very helpful for us to get basics of trading so, when we start trading using real account, we will know what we must do.

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The joy of Forex which is even the major reason people trade is for them to make money from it. No matter how good you are and how long you trade in the Demo account, the virtual earnings there cannot be converted to real cash. It is only the live account that guarantees that.

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  • 4 months later...

Of course it is in the live account that things happen. When you trade in the real account, you have the profit and have a feel if it. Trading in the Demo or other testing or learning means is just a practical way of learning how to trade. Until a trader is able to trade in the real account and make money from it, the likelihood of enjoying Forex would be minimal.

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  • 4 weeks later...

You are right, until a trader is able to trade very well using the Demo account and be able to develop some good trading strategy using the Demo account, he may not fit in well in the real account. The Demo is meant to be a place the trader can always build up a better knowledge before attempting to trade in the real account. What it actually takes is for the trader to pour all that he has learnt theoretically in the Demo account and learn from there.

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The type of traders that should trade live are the traders that know how to trade. That is to say that they are the traders who have traded in the demo account and are able to understand how they can manage their account. This thing will help them to be able to know and to understand how to trade very well in the live account.

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  • 1 month later...

Without the need of Reside buying and selling, funds cannot be manufactured my Close friend. Prior to making an try within the marketplaces, it is critical that a trader devote good quality time while in the demo accounts Finding out how you can trade by tests and retesting new strategies.

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If we have been ready for trading with real account, why not. But we also must start with small amount to familiarize ourselves with real trading atmosphere in forex. I think we can try to start trading with $10 using real account. Trader also can use it in TenkoFx. We can hone psychology too.

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