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.
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.
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.
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.
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.
Jun 26 2020 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.
Jun 26 2020 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.
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.
First step for new comer is DEMO profitably atleast for 1 year
Work Hard Play Hard... Signal App(Google Play Store):
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.
Jul 01 2020 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.
Jul 02 2020 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
