I turned $ 50,000 into $ 70,000 trading on forex practice account in two days is that good?
The reason I ask is because it is a little hard to believe I was able to make 40% profit in just two days. I wonder if the demo account is even legit in the sense that it works exactly like a real account with the sole exception that it is not real money? Is it true?
It is difficult to equate the demo account trading profit for the real world trading profit potential. As others here have pointed out the use of real money may have a way to change your trading behavior. One way to combat this is to find and use a forex trading robot with your demo account. If you like the result in the demo account, you must use the same robot and the exact same trading strategy in your real account. I would also recommend you trade in small lots until your system is found. Remember that the forex market moves very quickly and you can lose money just as fast as you can. Learn to manage your trades to maximize profits and minimize losses (it is the promise land for forex traders).
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