Every newbie should practice
Mar 09, 2021 at 12:37
Every newbie should practice in their demo account. Demo trading is very much important for every newbie. Because you can know many thing from this. But many newbies think that Demo trading is really dull as they have to do this for a long time. Moreover they won't get any real money from this demo trading.
Member Since Jul 23, 2020
869 posts
Mar 09, 2021 at 17:44
True. Always start trading with a demo account. It is the best way to learn without losing money.
Member Since Jul 23, 2020
759 posts
Mar 09, 2021 at 17:53
AliaDare posted:Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Member Since Sep 07, 2020
63 posts
Mar 10, 2021 at 10:25
Sarjohn posted:Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Mar 11, 2021 at 11:39
radioactive posted:Yes and till now I am in profit not so much but still gaining profit. How are you going?Sarjohn posted:Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Mar 11, 2021 at 13:35
In real life, no one open shop by playing monopoly first.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Low Profile High Profit
Member Since Jun 26, 2020
327 posts
Mar 12, 2021 at 05:48
without practice any level of trading can be useless , so we the traders first of all have to make sure real practice session.
Member Since Jul 14, 2020
42 posts
Mar 13, 2021 at 12:45
Willemcurtis posted:Every newbie should grab as much knowledge as they can and always keep your brain open to learning new things in order to earn.Sarjohn posted:Demo trade is always a safer option when it comes to trading. If you are unsure about some strategy or some trade, you can demo trade in them.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Mar 13, 2021 at 18:25
The best tools for money management trading. It is not possible to be satisfied with trading if money management is not right. One of the conditions of money management is to take a 2% risk in each trade. Taking more than 2% risk can put the account at risk. And you should always trade at a 1: 2 risk-reward.
Member Since Feb 23, 2021
26 posts
Mar 13, 2021 at 18:47
To make forex trading easier, you need to control emotions first. If a trader has strong psychology, trading will be much easier for him. Money management can make trading easier. So the first condition to make trading easier is to control the emotions.
Member Since Feb 04, 2021
35 posts
Mar 15, 2021 at 09:13
DanielGlaus posted:How do you handle your emotions?
To make forex trading easier, you need to control emotions first. If a trader has strong psychology, trading will be much easier for him. Money management can make trading easier. So the first condition to make trading easier is to control the emotions.
Member Since Mar 13, 2018
13 posts
Mar 15, 2021 at 13:23
Many are attracted to Forex as a get rich quick scheme but do not want to put any work in at all. It is no surprise that they lose all their money
Mar 16, 2021 at 01:02
SofieAndreasen posted:Yes, why waste money on unnecessary education. Since the broker is allowing me to do demo trading, I can develop a strategy from it without spending any money.AliaDare posted:Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Mar 16, 2021 at 08:21
Willemcurtis posted:Yes, demo account is perfect for practice and analysis work, that is why i am continue doing demo trading and live trading with micro lot size, i am learning and gaining some profits as well.philipsimmions posted:' Yes, having knowledge is very important for a newbie. You can demo trade with a number of brokers like XM, XTB or Turnkeyforex and after demo trading you can figure out with whom to trade and will it be of any benefit to you. Always and always analyse the prices before trading anywhere. Don’t take risks with your money especially at that time when you can easily make profits.Willemcurtis posted:Every newbie should grab as much knowledge as they can and always keep your brain open to learning new things in order to earn.Sarjohn posted:Demo trade is always a safer option when it comes to trading. If you are unsure about some strategy or some trade, you can demo trade in them.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
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