Wednesday, January 6, 2010

Started Paper trading already

As you might know...I have switched to paper trading as of now, I decided to move to a different player with a demo account that will allow me to paper trade effectively without eating up loads of bandwith which used to happen with my trading platform.

So I picked Xforex. its a lousy trading platform and does not allow scalping, which take away lot of the fun part, but is ok for my use and hence I am sticking with it...I had gone Short 5 EUR at 4432 and closed at 4410 and made a handsome 11,000 USD

PS: this system allows me 200 times leverage on a 50,000 notional deposit. so I can become a real player :)

Balance up to 61,000 - i.e. up 22% on day one..man I am on fire :) ofcourse this is demo account leverage effect .