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Newcomers and demo trading
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lucasser

Member Since May 28, 2020  5 posts lucasser Jun 20 at 08:21
When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.

I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.

Mnegamand

Member Since Dec 20, 2019  10 posts Mnegamand Jun 24 at 16:27
Traditionally, many traders start with demo trading because it is a safer and more convenient way to learn how to trade from the inside.
But still, do not dwell on it too long, I think that the best option is a combination of demo and real trading, for a start with small amounts of course.

Smith88

Member Since Oct 08, 2019  25 posts Smith88 Jun 26 at 06:28
lucasser posted:
When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.

I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.

Yes even suggest that to all beginners. Demo is one of the best ways to practice and test strategies, without staking funds.

EllisParker

Member Since Jun 24, 2020  24 posts EllisParker Jun 26 at 07:00
Smith88 posted:
lucasser posted:
When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.

I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.

Yes even suggest that to all beginners. Demo is one of the best ways to practice and test strategies, without staking funds.


Totally. That's the first and foremost step a beginner takes in the world of forex trading.

first_time

Member Since Jun 22, 2020  34 posts first_time Jun 26 at 07:28
Roberto21 posted:
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.


Very true. Learning is just one of the best and most reliable way in understanding and performing forex trading.

Kazile

Member Since Apr 25, 2020  61 posts Kazile Jun 27 at 03:21
The demo account, of course, must be passed by newcomers to the new one, they must understand that it is also not worth staying there for long.

slayeraeb

Member Since Jun 01, 2015  36 posts slayeraeb Jun 29 at 22:07
First step for new comer is DEMO profitably atleast for 1 year

Work Hard Play Hard... Signal App(Google Play Store):
Betty_60

Member Since Jan 20, 2020  30 posts Betty_60 Jun 30 at 07:31
slayeraeb posted:
First step for new comer is DEMO profitably atleast for 1 year

Yes, it should indeed be the first step, but I think the time period can vary from trader to trader.

Gracewilson1995

Member Since Jan 11, 2019  27 posts Gracewilson1995 Jul 01 at 07:22
I believe demo is only profitable if one takes it as serious as while trading on live account. You should have keep in mind the risk of losing money while trading on demo accounts as well.

perryjohn765

Member Since Sep 12, 2017  21 posts perryjohn765 Jul 02 at 08:15
When I start trading,demo trading played a big role and comes out to be profitable for me as i took it very seriously and traded like i am trading on live account

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