FXIFY 50K One Step Challenge

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Viewing 15 posts - 16 through 30 (of 35 total)
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  • November 18, 2024 at 2:58 pm #378900
    Bruce Preston
    Participant

    I have a demo account, but it is only activated for 30 days. Do you have a way to create a demo account that lasts longer than that? I appreciate all the info you’ve provided so far.

    November 18, 2024 at 3:09 pm #378907
    Alan Northam
    Participant

    What broker are you using?

    November 18, 2024 at 3:14 pm #378909
    Bruce Preston
    Participant

    I signed up with another broker, however, I just discovered I already have a trading.com demo account and it has $10K in it. But I forget how to download the MT4/5 platform so that I can add bots to it.

    November 18, 2024 at 3:17 pm #378910
    Alan Northam
    Participant

    https://www.trading.com/us/mt5

    https://www.trading.com/us/faq/account/opening#for-how-long-can-i-use-a-practice-account

    I like Oanda.com because it lets you have 10 demo accounts that do not expire.  What I don’t like about Oanda is their limited historical data.  However, their is a solution to getting more historical data but I have not tried it.

    Alan,

    November 18, 2024 at 3:22 pm #378913
    Bruce Preston
    Participant

    Thanks again. More questions to come very likely but you’re so helpful so far.

    November 19, 2024 at 11:44 am #379078
    Bruce Preston
    Participant

    It took a while, but it was finally able to generate some profit.

    November 19, 2024 at 11:48 am #379079
    Alan Northam
    Participant

    Fantastic!  What broker are you using?

    November 19, 2024 at 11:56 am #379083
    Bruce Preston
    Participant

    I’m using Trading.com demo account. But I’m already convinced that it will be profitable enough for me to trade a real account. Also that was only the 1st trade.

    November 19, 2024 at 12:02 pm #379086
    Alan Northam
    Participant

    I would recommend waiting awhile before starting a live account to make sure your profits are not just a one time event.  You will not see profits every day.  Some days will be profitable and some not profitable.  What you want to see is there are more profitable days than the unprofitable days.   How many EA’s are in the demo account?

    One thing to keep in mind “Trading is not a race, it is a journey!”

    Alan,

    November 19, 2024 at 12:06 pm #379087
    Bruce Preston
    Participant

    Just the one

    November 19, 2024 at 12:15 pm #379089
    Bruce Preston
    Participant

    I figured you might say that. I guess I can let it run for a few more days. A month is too long for me.

    November 19, 2024 at 12:19 pm #379090
    Alan Northam
    Participant

    Just trying to be a good mentor!

    The one thing that causes traders to end up losing their account is the lack of patience!

    Where are you?  I am in the Dallas Tx area!

    Alan,

    November 19, 2024 at 12:29 pm #379094
    Bruce Preston
    Participant

    Middle of Nowhere, IA

    November 19, 2024 at 12:30 pm #379095
    Alan Northam
    Participant

    Sounds perfect!

    I use to moderate the forum but gave it up so I could concentrate more on my own trading accounts.  I am still a team member with EATradingAcademy.  You can see my mugshot on the team members link at the bottom of the website.  I have been trading since 1985.  You can click on my name under my blank picture to read a short version of my bio!

    Alan,

    November 19, 2024 at 12:44 pm #379099
    Bruce Preston
    Participant

    That explains a lot. You took me from nothing to profit in no time.

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