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Yes, that was exactly what I was asking. You see, I've been trading on AAFX demo account since summer and so far so good. But the rumours are that some brokerages demo accounts are totally different from their live accounts. You know, data-feed manipulations, requotes, etc.. I'd really appreciate some updates on this matter from an active AAFX live-trader. Time to go live, so I just need to make a final decision who is gonna be my broker. AAFXs trading conditions are much better than my other candidate's fees, but that other one I know has got good testimonials on their executions.Thanks! This is a great feeling that now my trades don’t go in vain but yield some real profits.
Psychologically it is definitely a different feeling. I’ve been prepared to face some difficulties with that, so it’s not too bad. I’m trying to keep emotions under control. But I do understand now why experienced traders tend to trade overnight and use upper timeframes only. Giving the mind a lot of time to digest information and emotions helps. I’ve noticed that scalping worns me out totally. For overnight trades I make a decision once a day and spend about an hour on this strategy. With scalping I can’t trade for over 2 hours in a row. Feel exhausted afterwards.
I'm sorry I've made you wait for so long. On the other hand, I do have some more reliable statistics now, so here's what we've got.Yes, that was exactly what I was asking. You see, I've been trading on AAFX demo account since summer and so far so good. But the rumours are that some brokerages demo accounts are totally different from their live accounts. You know, data-feed manipulations, requotes, etc.. I'd really appreciate some updates on this matter from an active AAFX live-trader. Time to go live, so I just need to make a final decision who is gonna be my broker. AAFXs trading conditions are much better than my other candidate's fees, but that other one I know has got good testimonials on their executions.
Don't worry, if you mean just some minor intraday swing. All should be good with those according to my experience. Just check with the upper timeframe to see if your stop is not outside the range of 4H or daily charts. And mind the leverage. AAFX is tempting us with their 1:2000, but be sure to divide it by 100, especially once you just start trading live.Good to know! Thanks for explaining. I don't really like trading at market openings so I hope requotes won't be my biggest issue. I do like to place stops though above and below previous swings. I'm terrified to face my account loss due to some whopping slippage.
Well, this is probably not the most remarkable brokerage if we speak of licenses and regulations. But AAFX is definitely not new on the market. A company dating back to 2013 is definitely not a newbie. I know some companies use fake establishment dates but in this case I’ve checked the AAFX website with whois service and wayback machine - this brokerage really has a 6-7 years of successful operations history. There are many reasons why brokers prefer to remain unregulated.I am not too positive about them. I believe it is too risky to work with any new broker. If we are making investment, it must be made with a broker that we can rely or trust upon and got good market reputation, it’s certainly not the features available here.