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Am I More Likely To Win At Spot Forex Trading Or Stock Cfd Trading? (please Help)?


I am 18 years old and I have 2 practice accounts; one with cityindex CFDs and the other with easy-forex spot forex trading. What I would like to know is, which of them am I better to trade out of forex or stock trading and which has a higher probability of me winning and creating a home based business out of that could make me a millionaire?
Also, I was trading with my CFD practice account with cityindex, and they give you £2,500 virtual money. I was down £300 or so to £2,200 on one stock with careless trading, but traded another one and was right about the market direction and made my £2,200 account into £2,986.15 in 1-2 days. With the other account; easy-forex, I have been quite careless and up until now I am learning how to use it. Please give a good answer to help solve this problem. Thanks.

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This entry was posted on Saturday, January 2nd, 2010 at 8:57 pm and is filed under forex tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Am I More Likely To Win At Spot Forex Trading Or Stock Cfd Trading? (please Help)?”

  1. William M Says:
    January 2nd, 2010 at 9:17 pm

    Note that trading forex on a contracts for difference account is basically the same as trading spot forex. The probability of winning depends on your system and on how good you are at selecting winners.
    Don’t use easy-forex; they have wide spreads and will lure you to use lots of gearing and you will end up wiped out before even realising. It seems to me that you are overleveraging yourself. I would suggest you to trade with a real account but trade with very little gearing for the first 3 months or so.

  2. Andy R Says:
    January 2nd, 2010 at 9:54 pm

    6 months to a year paper trading minimum. Then you will have pretty good idea if you want to play with real money. If you want to trade now there’s lots of traders that are willing to take your money.

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