Can you really make money trading forex?-I
am going to start trading a live fxcm mini account with a starting
capital of £125 on a 400:1 leverage which will give me a trade account
size of $50,000, Lets say i double the account size to $100,000. will i
be able to withdraw $50,000 profit from that original starting capital
of £125 or will i have just made another £125. i don't seem to get how
it is possible for me to make those huge profits from money i don't have
and is just on the brokers leverage.And if i make a loss of lets say
$1000 on a trade, won't that mean, I've lost more than i started with
although my account balance will be $49,000. Someone please help.
Update:
I am going to start trading a live fxcm mini account with a starting
capital of £125 on a 400:1 leverage which will give me a trade account
size of $50,000, Lets say i double the account size to $100,000. will i
be able to withdraw $50,000 profit from that original starting capital
of £125 or will i have just made another £125. i don't seem to get how
it is possible for me to make those huge profits from money i don't have
and is just on the brokers leverage.And if i make a loss of lets say
$1000 on a trade, won't that mean, I've lost more than i started with
although my account balance will be $49,000. Someone please help.
Reply stefff67 :
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
this is the website of the broker and the micro account is the one im going for (second option down the page)
http://www.fxcm.com/forex-trading-accounts.jsp
Reply stefff67 :
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
this is the website of the broker and the micro account is the one im going for (second option down the page)
http://www.fxcm.com/forex-trading-accounts.jsp
Update 2:
I am going to start trading a live fxcm mini account with a starting
capital of £125 on a 400:1 leverage which will give me a trade account
size of $50,000, Lets say i double the account size to $100,000. will i
be able to withdraw $50,000 profit from that original starting capital
of £125 or will i have just made another £125. i don't seem to get how
it is possible for me to make those huge profits from money i don't have
and is just on the brokers leverage.And if i make a loss of lets say
$1000 on a trade, won't that mean, I've lost more than i started with
although my account balance will be $49,000. Someone please help.
Reply stefff67 :
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
this is the website of the broker and the micro account is the one im going for (second option down the page)
http://www.fxcm.com/forex-trading-accounts.jsp
Reply stefff67 :
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
this is the website of the broker and the micro account is the one im going for (second option down the page)
http://www.fxcm.com/forex-trading-accounts.jsp
Update 3:
Reply stefff67 :
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
And yes, i do have experience trading on a demo account for 4 yrs. every month i get a demo account with $50,000 worth of trading capital and at the end of the month, i more than double it.
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