[globalforex]

I have seen it before and don't believe you can make money with an account of $25. However, it is perhaps, not a bad thing to actually start small in live enviroment with real money as this really feels different. Just a thought as my broker was offering this to new accounts and I asked them what is the point? Of course good for them, but I think it is not a bad idea to start with real money.

Only last week a friend of mine started live account with $10,000 after working on demo for 3 months with good record using fibs only. And no need to say what happened when he started live. That gbp/usd drop for over 100 pips in less than a min took a large part of his account.

So I think, demo is not the same. And contrary to what I thought before, I think now, small accounts are not a bad start to get "full" feeling of real trading.

Good luck.

PS. Admin, this is not a plug for anything, so don't even think about giving me a warning

[contrarian]

...so don't even think about giving me a warning

Don't even think about telling us what to do ;-]

[IjoFX]

Originally Posted by globalforex

So I think, demo is not the same. And contrary to what I thought before, I think now, small accounts are not a bad start to get "full" feeling of real trading.

Good luck.

Yeah..
That's way we need emotion control, and "profitable system" that makes us minimizing our manual trading, since emotion even involve our manual trading.
Good Luck, too

[daniellefr]

LOL! Hope you didn't get a warning for this! I agree with the idea of practicing small first. I think trading with mini account should be the next step after demo practicing.

[ExecutiveIncome2You]

I agree it would be tough to make money starting with only $25, but I'm sure it's been done before. These types of accounts are a great way to learn the ropes though and practice techniques & strategies.

[Xaron]

If you only have $25 to start with you need a broker which allows very small position sizes. I'd suggest Oanda.

[globalforex]

I am not really suggesting people will get rich with $25 or $200 but it is a good way to "feel" real emotional stress and perhaps put it into perspective when trading "real" money.

I have a friend who constantly tried to tell me he trades his demo under the same conditions as if he is trading live account and he has "perfected" his system using fibs and S&R. Went to live account last week took $380 and in the same day lost $1600. Why? Because demo and real money is not the same. There was no point trying to convince him before he went live. And even AFTER he lost the money he was trying to tell me "perhaps he somehow made a mistake in reading his charts" and sure enough looking back he "saw" where he went wrong. But what happened te next day?
Anyway, my point is trading $25 is well invested to have a real feel of losing/gaining money.

[jafar00]

Originally Posted by globalforex

And even AFTER he lost the money he was trying to tell me "perhaps he somehow made a mistake in reading his charts" and sure enough looking back he "saw" where he went wrong. But what happened te next day?

Actually, I'm guilty of this. When I don't follow my own rules and make trades based more on gut feeling than what I am seeing on the charts, I usually make a loss.

[forexhitman]

ye thats true a demo account is made to make you win. so when you open a live account you go in with the mentality and spend sprend sprend and then your screwed. hope this helps

[realFXpips]

What's the point throwing $25 away trading
without any rules, and worse still, not obeying
them when you have any. Whether you a
trading demo or live, the key to success is
having entry and exit rules and sticking to
them like a religion.

Too bad if you don't have a religion!!