Are you ready to trade on a live account?
This test will help assess whether you’re ready to switch to live trading.
Answer these questions and count the number of "yes" responses:
1. Do you feel confident using Olymptrade?
2. Have you executed five or more trades on a demo account?
3. Do you have a trading strategy that you have tested on a demo account and are satisfied with its performance?
4. Can you afford to spend $10 or more on trading?
5. Have you figured out how much money you will spend on each trade?
6. Are you aware that trading is risky?
7. Do you understand that trading is not a get-rich-quick scheme?
8. Are you capable of managing your emotions and maintaining discipline?
9. Are you excited about learning how to trade with real money?
10. Are you willing to attend trading webinars, read trading articles, practice with a demo account, and invest time and effort in your trading education?
Five “yes” or more
Congratulations! You’re ready to transition to live trading. To make a deposit, click the Payments button at the top of your screen. Then, select Deposit from the list and follow the instructions.
Remember that even with the minimum $10 deposit you can open ten trades worth $1 each. Seize this opportunity to practice real trading.
Four “yes” or fewer
You should continue practicing on a demo account. Focus on making trades of the same amount you would make on a live account. Explore the assets you are trading and analyze the risks. Set a deadline and take this test again. Persistence and practice will lead you to success.