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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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  • Please join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/diCwqqa7eS https://t.co/Frrg5wueub
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/TmNxDRxkk0
  • 🇮🇹 Industrial Production MoM (FEB) Actual: 0.2% Expected: 0.7% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇮🇹 Industrial Production YoY (FEB) Actual: -0.6% Expected: -2.3% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.57%, while traders in Wall Street are at opposite extremes with 74.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/C9XWwZRalw
  • Heads Up:🇮🇹 Industrial Production MoM (FEB) due at 08:00 GMT (15min) Expected: 0.7% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇮🇹 Industrial Production YoY (FEB) due at 08:00 GMT (15min) Expected: -2.3% Previous: -2.4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/U5CGuLb1M0
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.41% Silver: 0.17% Gold: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rtfohURqu1
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.04% 🇨🇦CAD: -0.12% 🇪🇺EUR: -0.14% 🇦🇺AUD: -0.19% 🇯🇵JPY: -0.21% 🇨🇭CHF: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GU6Cdg7Vfw
Demo Trading vs. Live Trading

Demo Trading vs. Live Trading

Thomas Long, Course Instructor

Many times new traders who have done well in a demo account open up a live account and things start to fall apart.

Having real money on the line is very different emotionally than trading pretend money. When losing in a live account, every pip move can result is feelings of frustration or pure joy. These emotions can cause traders to make different trading decisions in that live account than they made when they were trading in a demo account.

This usually leads to more losing trades.

But trading live and making the same decisions you made when trading in a demo account is key to your success as a trader. No matter how hard you try, you cannot move up to the next level of trading until you learn how to risk real money. That what trading is all about.

The key is to open that live account and to start out slowly.

In the DailyFX Trading Course, which is free for all live FXCM clients, we recommend new traders start out trading only one lot at a time.

Keep your risk small in the beginning until you feel good about the decisions you are making.

Trading in a demo account will not help you practice this; you can only learn how to deal with the emotions of live trading by trading with real money. But that does not mean you have to take on a lot of risk to prove anything to anybody. You are just moving up to the next level of trading. Take your time, as the more practice you get trading live, the better chance you have a becoming a profitable trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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