as a newcomer, first thing you need to do is to common in Forex trading and that means you need to have lots of extra time not only in trading but in learning also. And the most important thing is that you need to spend lots of time practicing and not going to make profit or don’t expect to get profit in the first two months. But practically mostly newcomers don’t believe the importance of demo account and try to make money very rapidly without learning.
Jun 14 2018 at 10:35
mlawson71 posted:Yes i agree with you, I also spend more than three months initially on demo account before jumping on the live account. As per my opinion one month is not sufficient for the learning.Chachingggg posted:
Month at a minimum. I don't know why so many people start on a real account.
I am not sure one can learn much for a month beyond the basic functions of their trading platform. I don't think one month on a demo account is nearly enough.
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
Jun 27 2018 at 12:52
I don't think you can earn for long if you are not placing any importance on learning first. I always say that learning is a continuous process. The more you learn, the more you earn, provided you know how to apply what you have learnt practically. Forex is an immense field with new developments coming in everyday. Learn from them to improve your trade and you will increase your chances of earning better.
Jul 01 2018 at 06:50
sarahlawrence posted:
I don't think you can earn for long if you are not placing any importance on learning first. I always say that learning is a continuous process. The more you learn, the more you earn, provided you know how to apply what you have learnt practically. Forex is an immense field with new developments coming in everyday. Learn from them to improve your trade and you will increase your chances of earning better.
Of course, learning is an ongoing process. There is no ending point, I have almost 7 years trading experience and till now I’m learning.
Jul 02 2018 at 10:19
Learning should always be the first step If you are a beginner and want to learn more about forex trading then according to my experience go to Babypips School of Pipsology
Jul 02 2018 at 10:28
Adribaasmet posted:7 years is a long time. May I ask what have been the greatest lessons that you have learnt in your 7-year long trading experience?sarahlawrence posted:
I don't think you can earn for long if you are not placing any importance on learning first. I always say that learning is a continuous process. The more you learn, the more you earn, provided you know how to apply what you have learnt practically. Forex is an immense field with new developments coming in everyday. Learn from them to improve your trade and you will increase your chances of earning better.
Of course, learning is an ongoing process. There is no ending point, I have almost 7 years trading experience and till now I’m learning.
Learning from experience and taking your lesson after mistakes - the most precious gift !
Accept the loss as experience
TiffanyK posted:and no one can teach us better than our experience
Learning from experience and taking your lesson after mistakes - the most precious gift !
Aug 23 2018 at 13:35
Learn first! Before you even think about earning!!
jamesgwyther posted:Right! and during learning you have to bear losses also so don't loss hope.
Learn first! Before you even think about earning!!
Just use a demo when your learning. Then there are no losses to bear. I only go live when know how on demo
Aug 29 2018 at 07:00
It is obvious that for stable and good earnings you'll have to learn first. Learning teaches you how to optimally utilize your earnings and maximize them. So keep the process of learning live and kicking throughout your lives!
Aug 29 2018 at 11:56
Yes, like I shared, continuous learning along with experience can make trading interesting and can be a profitable if done in good strategy/logic along with good management.
Aug 29 2018 at 14:18
I found practicing risk management on a demo account very useful. Many people ignore this on demo but it made things so much easier when I went live
Aug 30 2018 at 05:16
Augusto84 posted:
Just use a demo when your learning. Then there are no losses to bear. I only go live when know how on demo
Only go LIVE when you have 5/6 months of consistent profits on demo.
Aug 30 2018 at 12:50
jamesgwyther posted:Augusto84 posted:
Just use a demo when your learning. Then there are no losses to bear. I only go live when know how on demo
Only go LIVE when you have 5/6 months of consistent profits on demo.
I really appreciate your opinion; short term trading result doesn’t help much. As you mentioned; traders need at least 5 months consistent result in demo.
6 months is quite long. Could try with 3months on micro account. I prefer micro to demo anyway.
Yes, demo is indeed useful and a perfect way to start trading. Earning always comes next to learning. No surprise why school/college comes first than working. 😉
