Well, after making a tremendous profit with my demo trading account on eToro, I’m finally back into learning how to trade the Forex market. Seriously, those 600 virtual Dollars I made while demo trading where due to the fact that I took such a big risk…a risk a normal/pro trader never ever would take.

Today I learned some good lessons on risk and money management, which is probably the most important part in Forex trading. E.g. I learned not to risk more than 5% of your trading account on a single trade, usually professional traders take less than 3% per trade. I also realised that a high leverage, like I used on my ultra-profit demo trade, is the worst thing you could potentially use while trading your positions (I used a 400:1 leverage). You could destroy your whole account within a single trade.

You may ask why I tell you all that? Well, I just want to point out that I’m still busy and won’t maintain my blog as regulary as I should . Right now I’m back in learning everything about the Forex, different strategies, technical and fundamental analysis and many more things. I do this because I think the Forex market is such a great money making opportunity that it’s well worth the time invested in learning it.

If you want to find out more about the Forex, I highly suggest to visit Babypips, Forex Strategies Revealed and Oanda as a really nice trading platform (which is even registered and therefore much more secure than eToro for example).

Have a nice day,
Querblogger