I have just gotten into forex trading and started a practice account with forex.com.? -

I have made $55,000 dollars starting with a $50,000 dollar account. Beginners luck? I am really worried that it is so I m going to start a real account with the minimum deposit of $250. Has anyone else had experiences like this; is it really so simple? Since you are only starting small, I see no harm as you have at least familiarized yourself with forex trading. But generally the amount is too small unless you make at the beginning. Forex trades are never consistent and you can have dry spells. You might want to hold that thought, forex trading is risky business. $250 dollars is nowhere near enough to run a successful account. www.babypips.com is good site to go and read over, you ll find out that its not that easy. Forex is a huge speculative market, and remember: if you can make 55,000 in a day, then you can lose 55,000 in a day. If you re unsure about how you made that much money, chances are that it s due to luck. A good piece of advice is to keep on demo trading for at least 3 months to gauge your profit consistency. If after 3 months you re still doing well, you might consider starting a live mini (or micro) account to trade with. Hope this helps! Paper Trading is not real trading. First off there is no quot;stopquot; hunting in paper trading. Pscologically paper trading is not real. It can be used to practice ideas...... but it can never be used as an absolute indication of your potential returns. If it was so easy....... how come 95% of new traders fail within a few short months? If it was so easy........ wouldn t everyone be doing it? yes it sometimes is most of the time thru over leveraging - what a pro never does as it might wipe you out with next trade so you might think of having your account managed. check www.fx-forex.com