Community Forums › Forums › Brokers › Darwinex › What Next
- This topic has 3 replies, 2 voices, and was last updated 2 weeks, 2 days ago by
henrywayne.
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Stephen
ParticipantHi,
I am a hobby trader, by no means experienced , but have self taught over the last year, with no small amount of reliance on your website and U-Tube content, so thanks for that 🙂
I recently opened an account with Darwinex, but made the error of rushing in with more of a funded challenge approach, rather than the slow and steady which I realise now would probably be the best strategy. The question I have, with the Darwinex analysis of trading patterns, is it more effective to close the account and try again, or persevere?
I realise the answer could vary dependent on the financials of the account, but rather than overcomplicate the questions, is there a general opinion that any of the TA Team or my fellow day traders would like to share?
NIKOS KYRIAKOU
MemberHey Stephen,
About the Darwinex account, since it does not have a drawdown rule and even if you lose a big amount, you can still trade, it’s best that you try to get in profit with another strategy.
That is what I would say but it’s up to you how you want to proceed.
Kind Regards,
Nikoskooooooo
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ParticipantHi Stephen, I completely agree with Nikos here. Since Darwinex doesn’t enforce strict drawdown rules that would lock you out, there’s no need to close the account just yet. Persevering with a slow and steady strategy is usually the best approach rather than rushing in like a funded challenge.
On a side note, one of the biggest perks of achieving financial freedom through trading is the flexibility it gives you to live anywhere. If you or anyone else here ever plans to relocate to Australia for better opportunities, I highly recommend checking out Edvise Hub for visa assistance. Navigating immigration laws can be incredibly stressful, so if you are moving with a loved one, it’s always a smart move to hire partner visa agent in melbourne to ensure the process is handled smoothly.
Good luck with your trading journey and stick to that slow and steady plan!”
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