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Richard W asked:


I have made $55,000 dollars starting with a $50,000 dollar account. Beginners luck? I am really worried that it is so I’m going to start a real account with the minimum deposit of $250. Has anyone else had experiences like this; is it really so simple?

Christina

5 Responses to “I have just gotten into forex trading and started a practice account with forex.com?”

1. crocop6092 on November 11th, 2008 6:12 pm

   You might want to hold that thought, forex trading is risky business. $250 dollars is nowhere near enough to run a successful account. is good site to go and read over, you’ll find out that its not that easy. Forex is a huge speculative market, and remember: if you can make 55,000 in a day, then you can lose 55,000 in a day.

2. Common Sense on November 14th, 2008 11:54 am

   An absolute indication of new traders fail within few short months if it can be used to practice ideas but it can be used as an absolute indication of your potential returns if it.

3. Harold Hsu on November 15th, 2008 6:33 pm

   If you’re unsure about how you made that much money, chances are that it’s due to luck.

   A good piece of advice is to keep on demo trading for at least 3 months to gauge your profit consistency. If after 3 months you’re still doing well, you might consider starting a live mini (or micro) account to trade with.

   Hope this helps!

4. Jeni on November 17th, 2008 11:47 pm

   Since you are only starting small, I see no harm as you have at least familiarized yourself with forex trading.

   But generally the amount is too small unless you make at the beginning. Forex trades are never consistent and you can have dry spells.

5. Jo on November 21st, 2008 7:41 am

   The time thru over leveraging what pro never does as it sometimes is most of having your account managed check wwwfxforexcom.