Practice Trading

I turned 50000$ into 70000$ trading on forex practice account in two days, is that good?

The reason I am asking is because it’s kind of hard to believe that I was able to make 40% profit in just two days. I am wondering if the demo account is even legit, in the sense that it works exactly like a real account with the only exception that it’s not real money? Is that true?

It is difficult to equate demo account trading results to real world trading profit potential. As others here have pointed out, the use of real money may have a way of changing 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 results in the demo account, use the same robot and exact same trading strategy in your real account. I would also recommend you trade in small lots until your system proves itself.

Remember, the forex market moves very fast, and you can lose money just as quickly as you can make it. Learn how to control your trades to maximize profits and minimize losses (this is the promise land for forex traders).

day trading batting practice

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