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How to Start Forex Trading in 2020... This is one of the most common questions I get asked over social media.
I totally resonate with this because towards the back end of 2016 when I first starting my trading journey, there was a lot of scattered content online and it was hard to know what route to take, who to learn from amongst many other questions that I'm sure you have too.
Hopefully, this video is going to provide the value that you need coming into the trading space, along with my own personal day trading 30-day demo and no tricks starting out in forex trading.
How to Start Trading Forex 30 Day Demo in 2020.
Company Funding Accelerates Profit Growth
How to start trading forex with our 30-day demo trial lite reveals a funded trade account as part of your trade education. It allows students to move from paper trading to real money trading without the emotion associated with trading their own money.
The good news is that you can continue to trade the account and use it to accelerate the growth of your own profits much faster than most people can grow their profit trading their own money.
PIP Value And Trading The Forex
The value of a PIP varies based on the “Lot Size” chosen for the trade. Consider the lot size as a type of level of risk and level of reward desired by the day trader. How to Start Trading Forex.
The table below shows our suggested maximum lot size best practice based upon the size of the account and number of simultaneous trades ($50,000 account can have 1 trade at a lot size of 5.00 or five trades each with a lot size of 1.00, and so forth).
1% Daily Account Growth
The following is an example of 1% daily account growth including illustrative conditions and trading both the Company funded account and the day trader’s winning from the Company funded account.
In this example trades are made on Monday, Tuesday, Wednesday, Thursday, and Friday and Company funding and personal funds from trade winnings are traded.
Image what your account will be at 18 months, 2 years, 3 years, and more through a lifetime!
The above table is a simple example to show the power of just 1% growth. The above example does not include any withdraw of funds from the account. Also, initially many of our day traders will grow their account at 1%, 2%, 3%, 4%, and even 5% per day. You can continue to grow your account at 1% a month, but most of our day traders change to a daily limit once their account becomes larger.
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