Second, your demo account should have the same leverage that you intend to use in the live accoun

[zihadhasan012]

Second, your demo account should have the same leverage that you intend to use in the live account. If you intend to use a leverage of 30:1, you should create a demo account with the same ratio. Third, while the demo account has virtual money, you should assume that it is real money. In this, you should feel the pain of losing the money. In addition to this, you should participate in trading contests.


These are competitions where you compete with thousands of other uganda business email list traders with the goal of winning a prize. Participating in such a competition will help you gauge your skills and measure your performance. If you win, it will give you good seed money to get started. We especially recommend checking Supercharged 2 Real Contest and Champion Demo Contest. Risk management Risk management is a very important step when you trade.


Without it, you can be the best trader or investor but suffer big losses. A good example of this is with the famous activist hedge fund manager, Bill Ackman. After profiting from his investment in Valeant Pharmaceuticals, he watched his investment go south. When he exited, he had lost more than $4.4 billion. Similarly, during the financial crisis of 2008/9, many hedge fund managers closed their funds because of the heavy losses.