Hello, I am 18 years old. I started investing in local stocks last year and made some profits from dividends, then I heard about Forex but kept it in mind, always heard people say its risky and fraud etc.. so the negative energy kept me away from it. I decided to try it out since I figured you could launch a demo account, and opened one around 2-3 weeks ago..
Since then I made $30,000 in profits on my demo account on Metatrader 4 by trading only EUR/USD. I always used to buy through the "Market Execution" option (Not limit or stop) at 10.00 which is a margin of ~$11k , by observing the charts movement for some time, then buy at a low after it goes down, I just used my instinct to do so, then I would sell even if I only made $200-$500, and repeat. It worked every time, even though I would be losing -$9k sometimes I would regain and profit $6k a few hours later. I buy mostly when the London/NY/Frankfurt markets are open.
I got so amazed that I wanna open a real account now. I have $10k in savings (which is close to the margin I was trading in), I am thinking of continuing trading in my demo account and when I see the price went down, I will buy with the real account. Should I do that? It will help me pay off my college tuition which is insane and unaffordable (in the U.S.) and I really need this as soon as possible.
Thank you
Since then I made $30,000 in profits on my demo account on Metatrader 4 by trading only EUR/USD. I always used to buy through the "Market Execution" option (Not limit or stop) at 10.00 which is a margin of ~$11k , by observing the charts movement for some time, then buy at a low after it goes down, I just used my instinct to do so, then I would sell even if I only made $200-$500, and repeat. It worked every time, even though I would be losing -$9k sometimes I would regain and profit $6k a few hours later. I buy mostly when the London/NY/Frankfurt markets are open.
I got so amazed that I wanna open a real account now. I have $10k in savings (which is close to the margin I was trading in), I am thinking of continuing trading in my demo account and when I see the price went down, I will buy with the real account. Should I do that? It will help me pay off my college tuition which is insane and unaffordable (in the U.S.) and I really need this as soon as possible.
Thank you
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