Pipsbasketings:

Demo trade for 6months, then go live. After you blow your live account (which is likely anyways), demo trade again for another 6months, then go live again. If you blow your account again, repeat the cycle until you never blow accounts.

PS: no amount is too small to trade FX - learn about Risk/Money Management first.

OgThanos:

I've checked out some brokers but Nigeria is not among the countries they operate.
The ones that operate in Nigeria, their minimum deposit is 3k USD..
Can you recommend a Nigeria broker that meets up with your advise,

OgThanos:
Good day everyone..
I've been raising some money in order to start trading live..
So far, I've gathered 15k.
Would that be okay to start trading with ?

Karleb:


I would also recommend xm.

They have a cent account.

Pipsbasketings:

Demo trade for 6months, then go live. After you blow your live account (which is likely anyways), demo trade again for another 6months, then go live again. If you blow your account again, repeat the cycle until you never blow accounts.

PS: no amount is too small to trade FX - learn about Risk/Money Management first.

Crixxx:


Is exness also cool?. Plan on trading with them but their spreads hit 10, 16, 23 etc. Is this reasonable?

Pipsbasketings:
See this!

Again, do your findings - I'm NOT recommending any broker, just suggestions.

OgThanos:
Thanks alot bro.. I deposited it it NGN 25k..

Pipsbasketings:
It makes no difference, you and surely22 should stop these insensitive comments. It derails the thread.

Please note that If you are successful trading demo, you will surely be successful trading real account as long as you repeat the same thing and vice versa, (NOTE THE WORD SUCCESSFUL). A lot of you trade unrealistic capital on demo, make some pips and run to real with $100, by the time you experience small -ve pips, you start to panic and end up blowing your account or withdraw the remainder. Then assume or conclude that no one trades live or real account on Forex Trade Alerts on Nairaland; all these don't come up on foreign threads.

Real or demo is not what matters but the understanding of the market and its sustainability; respect those that remain active still, at least, appreciate FX, watch, stay active and learn. It's not easy.

I don't like our mentality.

Please stop, focus on the bigger picture.

XAUTrader4L:



you opened an ecn demo instead of a cent demo

OgThanos:
.
Pls, what is ecn demo account and cent demo account..
Do demo accounts have different types

Erase that mentality, emotions trading live is never different from trading demo; trust me, I practise it, it is not different.

Your mindset should be thesame, demo trade the exact amount you want to trade live with. Open a demo account for me, and I will give you the result I get from live, or open a live account for me and I will give you the result I get from demo

kassss:
saying not in anyway to undermine his work but trading with real emotions is different.

saxy4c:
You'd see exactly what you ought to see with the constant patterns that repeat themselves over and over again. Trendlines are just an interpretation of the human mind on charts.
If you can't find this book, message me. Compact and concise.

OgThanos:

Thanks alot bro..
I deposited it it NGN
25k..

OgThanos ;:

Thanks alot bro..
I deposited it it NGN
25k..

OgThanos:

Thanks alot bro..
I deposited it it NGN
25k..

Kene1245:

Try out 7bforex , is a naira broker and it easy to deposit and withdraw.

Pipsbasketings:
good stuff, if I were you, I would create another demo account and select nothing more than a 1:200 leverage - he get reason: Your risk/money management knowledge/implementation starts from here-------if you know, you know.

kkins25:
I started a micro account last year, although I had some wins, I still blew it.. this is my 4th time I'm crediting my forex and I've already blown it half way... more blowing to my elbows
I don't get the rush when I'm using demo so I just have to be sacrificing 50 cedis.

Pipsbasketings:
good stuff, if I were you, I would create another demo account and select nothing more than a 1:200 leverage - he get reason: Your risk/money management knowledge/implementation starts from here-------if you know, you know.

kkins25:
I started a micro account last year, although I had some wins, I still blew it.. this is my 4th time I'm crediting my forex and I've already blown it half way... more blowing to my elbows
I don't get the rush when I'm using demo so I just have to be sacrificing 50 cedis.

Karleb:


Seems you are a Ghanaian.

Work on your money management!

Fun fact: I've never blown a demo account.

Crixxx:


To be honest. When I saw 1:1000 I fear .
I opened a $10 demo with 1:200 but my risk & money management is 0 but haven't blown account yet for a reason