In FXCM trading, after the ** market training has reached a certain level, you can consider real trading. However, the following aspects need to be considered when it will be transferred from ** to real market:
*Trading to real trading is a long process, and FXCM will accompany traders to progress:
FXCM is here to help.
Master the basic knowledge and skillsIn ** trading, traders should first master basic trading knowledge and skills, including how to analyze the market, formulate trading strategies, set stop loss and take profit, etc. Only when there is a good understanding and mastery of these basic operations and concepts should one consider real trading.
Stable state of mind: Traders should cultivate a stable mindset in ** trading, and maintain a normal and objective mentality towards losses and profits. Only when the mentality is stable, it is not easy to be affected by emotions in real trading, so as to avoid unnecessary losses.
Consistent track record of profitability: In ** trading, a trader should gradually build up a track record of consistent profits. This not only means that your trading strategies and skills have been proven in the world, but also provides you with confidence and basis for real trading.
Risk control capabilities: Risk control is particularly important in real trading. In ** trading, traders should fully understand and master how to control risks, including setting reasonable stop loss and take profit, control, etc. Only when these risk control measures are properly used can the safety of real trading be ensured.
Transition gradually: From ** order to real trading, the transition should be gradual. At the beginning, you can try it with a smaller amount of money, and then gradually increase investment after gradually adapting to the real market environment. This can reduce the risk to a certain extent, and at the same time, it will also help to gradually accumulate experience in real trading.
To sum up, moving from ** to real trading in FXCM trading requires a comprehensive consideration of multiple aspects to ensure that you have sufficient knowledge, skills and mindset to do so, and that you are fully risk-controlled. It is advisable to exercise caution during the gradual transition, gradually gain experience and validate your trading strategy.