One of the most important differences between the demo and real currency system Forex trading way is the psychological factor. Virtually 100% of traders face it. It means if you are trading on a demo, you can easily make 1,000 dollars per month. Start to trade via real account, and you have nothing. Overall balance or hovering around zero or even go into negative. What is the reason? On the demo, you risk nothing, and even with drawdowns of 50% of the deposit, you will calmly continue to trade and eventually pull a deposit of 200-300% per month from the initial one.
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When you open an account with 5000 hard-earned bucks and two weeks you have a loss of 2500, you begin to trot hand; you are afraid to press a button to open a deal, etc. As a result, a wrong move happens and the end of your deposit. So do not rush to open real currency system Forex trading accounts, even if you are successfully trading on a demo. Below we describe tricks used by unscrupulous Forex brokers, applying them only on real accounts, namely:
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Slippage
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This is a very good way to rob a currency system Forex trading newcomer in Pakistan. For example, you set aside an order to buy a rupees of 1.4400, and the broker offers you a deal to 1.4410. Ten items you have stolen. Well, this is another half woes, it happens: put an order to buy at 1.4400 and immediately show a profit of 1.4430, calculated to take 30 points. Here, for example, a sharp move in your favor. Price is for a couple of minutes of 50 points. And what do you think would like a demo – open to 1.4400, and 1, 4430 will close, and you put it in your pocket 30 points? Yeah, like fun. In the real world, you can open by 1.4450, but close on your profit of – 1.4430. As a result, instead of 30, you have 20. And most importantly, you will not prove anything.
Clearing history
For example, you have two weeks been a series of lucrative deals. And then one day you start your trading terminal, usually on Monday, and you see that you had for the past two weeks, not a deal (usually these things are done on weekends). And accordingly, there is no income during those two weeks. As if you have not traded at all. Open your log file, everything is, and in the terminal there. Write the claim. And you say that you really did not trade the last two weeks. Still, nothing can be proved.
If you are new in forex trading, we advise you to begin trading with the amount that you do not mind losing, or at least the amount lost will not be for you very tragic. Because successful trading on the demo – it’s not a hundred percent guarantee of success in trading a real account. To know more differences between demo and real account in forex trading, you can visit http://www.cnie.org/pakistan/.
