• eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

How Do I know that I am Ready To Trade Live Account

This is one of the hardest things to know when one is still starting. How or when do I shift to the live account. I can only share how one can get a better picture of whether he is ready or not but the final decision should only come from you. You decide by yourself whether you are willing to put your hard-earned money into the financial markets or not. It is all entirely up to you but below I will mention a couple of things that can help with that hard decision.

Specific Strategy
Before jumping into a live account a trader should have a solid strategy that he can follow that he has tested before. This is important because the live markets have a lot of feelings that are involved so it is key for traders to only get there with a solid strategy that has rules that can be followed and are straightforward.

Few New Things
When you get to the point where you rarely hear new stuff about the markets then you are either ready or at least close to being ready. This is another sign that a trader is almost ready to trade a live account as he knows a lot of things regarding the market. If when you are studying you are seeing a lot of new things it means that you still have a lot of things that you still do not know.
Psychologically Ready
A trader should get to a point where he knows that when trading one can lose money or gain money too. A trader should be in such a position where he accepts that in trading that losing money is part of the process and it is essential to every trading carrier. Losses are basically just costs of doing business just like in any other business.

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