Ready to trade?

[mrlulley]

i downloaded a demo account from the broker interbankfx, seeing it uses the meta trader platfrom. ive had 4 days off work and have been demo trading alot. ive also been watching numerous videos about forex trading, entry exit points, charting etc. the thing is ive made about 1000 a day int he past three days of constant trading. i started with 5000 buying lots of 100000. my question is should i start with real money if i am getting these results. and would it be different with real money?
thanks in advance

 

[shadowninja]

Try with very, very small lots. I very much doubt you'll be able to consistently profit unless you've missed out key information (like your day job is as a trader).

 

[Rhody Trader]

You've been demo trading for 4 days and you think you're ready for the real stuff?

Now I am a major advocate of getting your feet wet with a very small amount of real money early on, but that's to understand what you're getting into - not with the expectation of trading full sized and having sustainable success.

Do you have a trading system/methodology that you can define?

 

[mrlulley]

thanks guys. ill surely start off with very very small lots. one other thing,are there people that make that kind of return from forex. or do you have to be a day trader to do it. in other words what would you consider success if you are not a day trader and do it on the side, trading 100000 lots that is.

 

[Rhody Trader]

You absolutely, positively do not need to trade full time, or day trade, or whatever you want to call it to be a productive trader.