Transition into live trading?
I have been going through the school of pipsiology as well as forums. I am also trading on this specific demo account for a few days now. I still have to learn the exit (one of the most important thing) and refine my money management. But, I believe that the money management heavily depends on my win-rate. I have been learning and trying things simultaneously, out of 80 placed trades I have 73% win-rate. Although i am not sure how to count my win-rate since I was waiting for one losing trade to flip in my direction but then i lost hope and closed it. That was a big loss.
So here is my plan, from tomorrow my target is to pull out 10 pips profit out of the market each day with 1 pip per trade. And so that should determine my win-rate properly.
My question is, when do you guys think that I should start trading with the real money?
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