Discussion
Hi,
This might sound like an odd question but I've been using a demo account on CMC markets and I'm doing pretty well on it. I've now got to the point where I'm starting to think that I'm doing something wrong. I've effectively been putting rather large stakes against the Euro versus £ and whenever I'm up even at a relatively small return (£200-£500), I'll close my position. This means that I'm doing many many trades per day but over the last three days from a £10k starting point I'm now close to £13k up.
Surely I'm missing something?
I've bought an sold shares before and I've done pretty well at it but this is more of a hobby and a friend and I have been competing over Christmas who can make the most money. Don't worry I'm not looking to give up the day job but can someone just clarify what I'm doing is right?
Many thanks
This might sound like an odd question but I've been using a demo account on CMC markets and I'm doing pretty well on it. I've now got to the point where I'm starting to think that I'm doing something wrong. I've effectively been putting rather large stakes against the Euro versus £ and whenever I'm up even at a relatively small return (£200-£500), I'll close my position. This means that I'm doing many many trades per day but over the last three days from a £10k starting point I'm now close to £13k up.
Surely I'm missing something?
I've bought an sold shares before and I've done pretty well at it but this is more of a hobby and a friend and I have been competing over Christmas who can make the most money. Don't worry I'm not looking to give up the day job but can someone just clarify what I'm doing is right?
Many thanks
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