Demo account with real account experience

All forex broker offers demo trading account that will be similar to what real account will be, except the monetary value will be virtual.

 

Not much really, simply trade with the trend and not against it.

 

Check out the technical indicators that work well with stochastic oscillators. Moving average crossovers and momentum oscillators are the ones I’m talking about.

 

I’m a day trader so what could be the best stochastic setting according to you?

 

I recently moved from demo to live trading, and I must say the demo is a good experience for beginners to learn and understand live market trades and get used to their platforms.

The live account is different from the demo; it is not exactly the same. In demo accounts the trades were predictable and easy to earn profits, whereas in live it is all about strategy and money management.

 

Depends on the platform and broker you’re working with. For me, a setting of 14,3,3 works out pretty well for OB/OS signals with Pepperstone, and Swissquote. I’d rather say you go for a 4hr setting in the beginning, like I did with fxview to understand whether it’s working out for me or not.

 

Mind explaining it a bit for novices like me?

 

What I meant is that if suppose the price is above 200 MA period, go for long setups where the stochastic is oversold. Similarly, if the price is below 200 MA, go for short setup when it’s overbought.

 

I prefer the shorter-term moving average like 5, 10, 20, and 50. Nothing in particular but I do like how it works to provide a more active indicator.

 

Haven’t you ever experienced false signals because of more signals and reactive movement?