I have taken the plunge and opened an account with IG markets. After testing out the demo account I was down quite a bit of funds, after being up quite a bit of funds. All in all, the up and down of the demo account was just me testing out the platform as at first I had no idea what was happening.
So; besides needing to be proficient with T/A, I was wondering what are the influences of the futures markets? At this time I am testing out the Australian 200 Forward DEC11.
I also wanted to know, how deso the demo account differ from tradnig on the real account in terms of futures? I ask this because it seems almost too easy to place buy's and sell's (Long/Short) with an almost instant reaction to the sell order. Are the comissions even applied to the demo? ie. Can I make a profit from very small moves or does it get eaten by comissions?
This is a rather exciting manner of trading and I see now why many of the members here take it so seriously. It is not only exciting, thrilling and the path to a nice buck, it is also the complete opposite and can turn ugly VERY quickly.