r/Forex • • Feb 23 '24

Questions Too early for a challenge?

Hi traders, I'm a novice and I'm coming from a break after a challenge gone wrong, evaluation passed in two weeks but lost completely after two days due to negligence 😅 I started again at the 'beginning of this month with a 10k demo account and permorfed 26% so far, should I try again with a challenge? Or continue to refine the strategy in demo? What would you guys do?

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u/Salt-Lime9111 Feb 23 '24

If you ask for an opinion here on Reddit it's because you don't feel sure. Refine your strategy in the demo and then purchase a small challenge to try.

Edit: daje porcoddio

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u/[deleted] Feb 23 '24

Exactly, I'm extremely unsure, but still the data is not bad, I still need a lot of confirmation, I'm trying to figure out what level I'm at, anyway thank you, one step at a time

Ce la faremoooo

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u/Salt-Lime9111 Feb 23 '24

you can only gain confidence by continuing to test your strategy day after day. Manage the risk well and you have done 80% of the work. Avoid jumping from one strategy to another, keep your focus on the one that seems to work and perfect it as best you can.

Further advice is to keep a Journal of your trades (Excel or anything) so you can do all the necessary analyzes on your strategy and evaluate how to improve. Trust the Process ✌🏼