will investors even look at demo statement
Jan 09, 2014 at 12:58
913 Zobrazení
17 Replies
Členom od Jan 08, 2014
15 príspevkov
Jan 09, 2014 at 12:58
Hello all, I have just joined myfxbook and after watching a community chat for a while I have noticed that all are interested exclusively in real account statements, I am doing a demo statement for a few months and now been wondering if its a waist of time, should i just wait till I have some decent money and make a real account statement?
Členom od Oct 28, 2009
1430 príspevkov
Jan 09, 2014 at 14:39
Hi,
Demo statements have their uses, it really depends what you are trying to achieve. If you are looking to sell either a system or your services then I would recommend a live account with a reputable broker is the way forward.
A demo account is really only any use for testing a strategy yourself before you put it live and then you need to pay attention to things like the expectancy of that system which will not be as high on a live account as a demo account due to slippage on order entry and exit.
If you are trading manually and trying to market yourself, a live account with a substantial balance is really the only way forward to gain the trust of serious investors.
Best regards Steve
Demo statements have their uses, it really depends what you are trying to achieve. If you are looking to sell either a system or your services then I would recommend a live account with a reputable broker is the way forward.
A demo account is really only any use for testing a strategy yourself before you put it live and then you need to pay attention to things like the expectancy of that system which will not be as high on a live account as a demo account due to slippage on order entry and exit.
If you are trading manually and trying to market yourself, a live account with a substantial balance is really the only way forward to gain the trust of serious investors.
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Členom od Nov 23, 2013
24 príspevkov
Jan 09, 2014 at 14:55
No investor will invest based on demo accounts. There are many differences between demo and live. If you want investors then you will need live accounts.
If you don't have time to trade, let us do it for you!
Členom od Mar 29, 2012
192 príspevkov
Jan 09, 2014 at 15:59
CasholeLTD posted:
No investor will invest based on demo accounts. There are many differences between demo and live. If you want investors then you will need live accounts.
You can't be that adamant. Someone selling an EA that is trading on H1 or even on D1 could still use a demo account to start testing the EA and after six months / 1 year switch to real account.
However I agree with you, a scalper or any EA trading volatile event can absolutely not be trusted based on demo statements.
The main point I would defend regarding live trading is that it gives you a huge advantage versus demo sellers. It means that you believe in your strategy, at least enough to put in real money.
A lot of people advertise stuff but are not even ready to put in a single dime in it. Whose going to buy such garbage then...
A smooth sea never made a skillful sailor.
Členom od Jan 08, 2014
15 príspevkov
Jan 10, 2014 at 12:08
Hello all and thanks for such a quick replies :)
It make sense actually, if I want someone to invest real money I will have to show him real money statement!
How much does it matter account size, would you say 5K will interest someone after 2year statement on 4% monthly growth without any withdraw? Or does it even matter if I do withdraw as long I constantly earn min 4% each month for long period without big DD?
Thank you all for help, I never thought about investors before, but after few years now working in a team I realized that I will never get to big money by saving just from my salary, and I never had any strategy to earn big % in short time, so definitely going to open live account only for potential investors.
It make sense actually, if I want someone to invest real money I will have to show him real money statement!
How much does it matter account size, would you say 5K will interest someone after 2year statement on 4% monthly growth without any withdraw? Or does it even matter if I do withdraw as long I constantly earn min 4% each month for long period without big DD?
Thank you all for help, I never thought about investors before, but after few years now working in a team I realized that I will never get to big money by saving just from my salary, and I never had any strategy to earn big % in short time, so definitely going to open live account only for potential investors.
Členom od Mar 29, 2012
192 príspevkov
Jan 10, 2014 at 12:27
It's hard to give an amount. I think that 1k€ is the reasonable minimum.
Regarding the history, even if it's demo and as long as it's not a 1M scalper, any trak record above 1 year will always have a very positive effect on potential investors.
Regarding the history, even if it's demo and as long as it's not a 1M scalper, any trak record above 1 year will always have a very positive effect on potential investors.
A smooth sea never made a skillful sailor.
Členom od Oct 28, 2009
1430 príspevkov
Jan 10, 2014 at 12:36
(upravené Jan 10, 2014 at 12:37)
Hi,
Depends on what investors you are trying to attract. Small accounts will attract small fish. As most larger investors should know that psychology plays a large roll in trading and so if you aren't used to trading big money then it's probably not a good idea to trust you with it. Large amounts play horrible tricks on your mind. If you are trading 1k don't expect anyone with 100k to invest to want you to trade their money.
Also on the issue of withdrawals, you should definitely do them. It validates that the account is a live account and not a demo ( although you can arrange withdrawals from demo accounts sometimes ).
Best regards Steve
Depends on what investors you are trying to attract. Small accounts will attract small fish. As most larger investors should know that psychology plays a large roll in trading and so if you aren't used to trading big money then it's probably not a good idea to trust you with it. Large amounts play horrible tricks on your mind. If you are trading 1k don't expect anyone with 100k to invest to want you to trade their money.
Also on the issue of withdrawals, you should definitely do them. It validates that the account is a live account and not a demo ( although you can arrange withdrawals from demo accounts sometimes ).
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Členom od Jan 08, 2014
15 príspevkov
Jan 10, 2014 at 18:36
Hey all, thanks again for replies, you all been very helpful :)
Regards
Regards
Členom od Mar 08, 2011
90 príspevkov
Jan 11, 2014 at 11:34
If a demo account you show extremely high performance (high profits with little loss) then you can get the attention of any person. Of course, after drawing attention to prove that a real account possible good result. Without this major investment can not be.
The strategy gives a 15% profit per month.
Členom od Jan 08, 2014
15 príspevkov
Jan 12, 2014 at 07:35
Hey Andrey thanks for your comment!
When I will have over 1 year statement on demo I will start to show it around, but asap I will open live account also so at point when i wil have deamo ready my live will also have half a year statement, so gueass thats a good start :)
Thans gaing all for helpful comments, wish you all the best!
Matej M
When I will have over 1 year statement on demo I will start to show it around, but asap I will open live account also so at point when i wil have deamo ready my live will also have half a year statement, so gueass thats a good start :)
Thans gaing all for helpful comments, wish you all the best!
Matej M
Členom od Jan 08, 2014
15 príspevkov
Jan 12, 2014 at 07:35
sorry little misspelled at last sentence :)
forex_trader_163226
Členom od Nov 19, 2013
67 príspevkov
Jan 19, 2014 at 16:08
mmatej1988 posted:
Hello all and thanks for such a quick replies :)
It make sense actually, if I want someone to invest real money I will have to show him real money statement!
How much does it matter account size, would you say 5K will interest someone after 2year statement on 4% monthly growth without any withdraw? Or does it even matter if I do withdraw as long I constantly earn min 4% each month for long period without big DD?
Thank you all for help, I never thought about investors before, but after few years now working in a team I realized that I will never get to big money by saving just from my salary, and I never had any strategy to earn big % in short time, so definitely going to open live account only for potential investors.
Showing some drawdown is healthy, accounts who are 'perfect' with no drawdown are scarrier to people then accounts with some drawdown. As this way clients can see what potential losses can be.
Some very dangerous systems have no drawdowns until they explode.
Členom od Jan 14, 2014
386 príspevkov
Jan 28, 2014 at 12:38
mmatej1988 posted:
Hello all, I have just joined myfxbook and after watching a community chat for a while I have noticed that all are interested exclusively in real account statements, I am doing a demo statement for a few months and now been wondering if its a waist of time, should i just wait till I have some decent money and make a real account statement?
Some demo accounts are doing much better than the millions real accounts so WHY NOT!?
Členom od Oct 28, 2009
1430 príspevkov
Jan 28, 2014 at 12:49
Because the psychology of trading with real money is a lot different to the psychology of trading with play money.
Best regards Steve
Best regards Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Členom od Jan 24, 2014
132 príspevkov
Jan 28, 2014 at 19:42
i agree with you steve.
keep smile
Členom od Oct 27, 2011
86 príspevkov
Jan 29, 2014 at 08:53
stevetrade posted:
Because the psychology of trading with real money is a lot different to the psychology of trading with play money.
Best regards Steve
I totally agree.
I'm constantly offered trading systems from demo traders. Unless a trader is willing to put a big chunk of his own money behind his own trading then why should I invest?
If you want to attract investment then be seen to have your balls on the line with your trading, just like your investors will have.
Find your passion and work hard
Členom od Jun 03, 2010
696 príspevkov
Jan 29, 2014 at 10:38
stevetrade posted:
Because the psychology of trading with real money is a lot different to the psychology of trading with play money.
Best regards Steve
Yes yes yes. Thats why I use only robots to totally reduce emotions problem.
PAMM MANAGER // Professional Fund Manager
Členom od Jan 14, 2014
386 príspevkov
Jan 29, 2014 at 12:03
adrian8891 posted:stevetrade posted:
Because the psychology of trading with real money is a lot different to the psychology of trading with play money.
Best regards Steve
Yes yes yes. Thats why I use only robots to totally reduce emotions problem.
You should try our FREE Auto Trading service to change your point of view.
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