Question
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How to know ,when I'm ready for a real account trading?
7 Answers
<p id="isPasted">There are a few signs that you may be ready to start trading on a real account:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">You have a good understanding of the basics of trading, such as technical analysis, risk management, and trading psychology.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">You have developed a trading strategy that is consistent with your risk tolerance and investment goals.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">You have backtested your strategy on historical data and shown that it can be profitable.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">You have demo traded for an extended period of time and have been able to consistently generate profits.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">You are comfortable with the trading platform and have a good understanding of how to …</li></ul>
<p id="isPasted">Learn the ins and outs of online trading and become familiar with the world of online trading in all aspects.</p><p>There is an important difference between demo trading and real online trading. When you decide to trade live</p><p>you will invest your own money... and losing your own money can be most emotional.</p><p>A demo account provides a better execution than live trading and can not simulate the emotions of fear and hope...</p><p>So invest enough time in demo trading and decide carefully how much money you will invest when you start live trading.</p>