July 8th Forex trading practice report
So I’ve started a new demo account in order to demo with $5000 instead of $50,000. I started the $5000 demo account yesterday. I think I might be able to come up with $5000 to fund the account once I’m ready to live trade. I have contacted someone I know and have explained my plans and they have agreed to think about providing me with the money to fund the account. The only thing I need to do now is investigate FXCM more thoroughly because that’s where I’m planning to open an account. I need to find out if their demo trading system is in any way different from their live trading platform. I understand some of these companies try to trick you by setting up their demo to deliver generally good results.
| Beginning Balance | 0.00 | |
| Comm | Trading Commission | 0.00 |
| Rollover | Rollover Fee | -1.70 |
| PnL | Profit/Loss of Trade | 1,241.97 |
| Depos | Deposit | 5,000.00 |
| Withd | Withdrawal | 0.00 |
| Option | Options Payout | 0.00 |
| Comm | Options Commission | 0.00 |
| WithdFee | Withdrawal Fee | 0.00 |
| MngFee | Management Fee | 0.00 |
| PerfFee | Performance Fee | 0.00 |
| Void | Deposit Rollback | 0.00 |
| ASPComm | ASP Commission | 0.00 |
| MargInterest | Interest on Usable Margin | 0.00 |
| Ending Balance | 6,240.27 | |
| Floating P/L | 0.00 | |
| Equity | 6,240.27 | |
| Necessary Margin | 0.00 | |
| Usable Margin | 6,240.27 |
As you can see I have managed to increase my account value by 1240.27 in 2 days. Wouldn’t it be fantastic if I could have the same results once I begin to trade live?
Leave a Reply
You must be logged in to post a comment.