In Fx trading as a newbie I am looking for a great source for gathering proper market principle which is very supportive to lead a comfortable trading life with certainly , many of us suggest me to trade demo account , but honestly speaking , I always feel boring when trading in demo account . but I have acquired some basic information from here about trading .
Mohammadi posted: In Fx trading as a newbie I am looking for a great source for gathering proper market principle which is very supportive to lead a comfortable trading life with certainly , many of us suggest me to trade demo account , but honestly speaking , I always feel boring when trading in demo account . but I have acquired some basic information from here about trading .
Are you winning when you trade your boring demo account?
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
Learning really comes first here anyway totally and completely. Then you will start to earn maybe and maybe not. That's the whole dilema anyway. See what I really mean here ? It does allow me to do all this stuff and that's really it. And there is no way around.
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
Losing money is great teacher therefore knowledge & experience must come first before jump to forex ( it all about hardworking/smart). Nowdays people come with new way to make money with forex example copy trade etc...i believe lots trader of out there are losers (time/money) in longterm trading ..just a my view no harm...
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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