July 6th, 2010
Posted in Original post by Forex Sabotage
Beginning with a micro account does not mean that you can skip over the demo stage. It is important to get to know both of your system and your broker’s platform in demo mode before you go live. This cuts down on the probability of making technical mistakes or mistakes in the implementation of your system in your real money account, provided naturally the platform stays the same in demo as for the genuine market. To get the maximum from a micro currency exchange account it is important to have a system that does not involve big risks . This indicates that any loss is likely to have an enormous impact.
So you want a system that only makes little losses. Don’t select a system with an especially high win rate because it is probable that the losses, when they do occur, will be heavy. Instead, look for a system with steadier results. Naturally, no currency exchange system is totally predictable, but statistically a tiny account balance will have a better chance of surviving that way.
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