Quote:
Originally Posted by koolit
Hello,
I purchsed an EA, and I am trading with the EA on demo accounts on three different brokers' MT4 platform at the same time. I opened my account on 7/13/07 with $50,000 and the EA started trading (10 lots each of GBPUSD) on the same day. As of 7/23/07, my account grew to $79,000+ (almost 60% in 10 days!!!). Same results on the other accounts.
I am investigating brokers for live trading, but I could not find any consistantly good ratings on any of the MT4 brokers.
My questions are:
- If I start trading live, should I expect the same results as demo?
- What could be the issues with live trading vs. demo?
- What do I need to know (if anything) about live trading with any EA?
- Any reliable brokers I should consider with MT4 platform? (safe money, low spreads, withdrawals, quick fills, no re-quoting, etc. even after my account grows).
Thanks.
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Try FXDD (
FXDD - Online Foreign Exchange Currency Trading, Forex).
I have multiple live accounts and they are better than any broker I have ever been with. Low spreads, TRUE interbank prices, fully automated throughput, large fast servers and I find the Live accounts behave as good as the Demo (close as possible anyway).
On a side note, be careful with what you percieve to be good % return. Your money management of 10 full lots for a demo 50K account is too heavy. Scale it back to 1 lot per every 10K at most and this will reflect reality whilst also protecting you from large drawdowns. Always bare in mind RISK first, profit later and don't get blinded by the big $$ signs.
Hope this helps
Regards
Archer