As a newbie you should not much worry about opening a demo account you must learn Forex first and after it you will be able to open a demo account and start practicing with it.
I think there is no trading strategy which is able to earn profit 100%. You can earn profit by means of your trading approach hugest 55-65%. True fact.
The most important think is the broker in Fx trading, because the broker can affects the result of our trading with certainly. for leading a healthy and secure trading life we the traders have to choose the broker which for all time make sure secure environment for trading . Actually the most credible trading for all time ensures security of funds at any kinds of investments with a wide range of trading technologies.
generally the target we select is not realistic, this is the main problem we have and for that reason we cant fill up our target completely, we have to make sure the target according to our knowledge and experience , over targeting make make us always greedy and emotional. so be careful
Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
Oct 19 2020 at 11:03
Always start with a micro account.
Oct 21 2020 at 11:35
Every new trader should start their trading career with a demo account. It will help them to learn all the basics and tools of forex perfectly.
i lose much above all when trading with high leverage , tried to bring profit very rapidly but there was no money management or any good trading plan. as a result faced a huge loss. it was my very first past experience.
high leverage always contains high risk , its not true , if there is risk , it means there was no money management.
New traders lost their investment because of their low knowledge...
traders losses , because they just believe only investment can bring good amount of profit , but in practical we need to more something besides investment.
There are many factors that influence trading, such as your strategy, your knowledge, you, your trading plan, and so on.
Nov 09 2020 at 10:20
Out of the different factors, your knowledge, strategy, focus, and discipline matter the most. They have the capability of making and breaking your trades.
Nov 12 2020 at 05:15
Hi, as a new trader it is very important that you familiarise yourself with how forex trading works and how to go about it. Keep an open mind and start learning.
Nov 13 2020 at 10:53
beginners have no patience , its very common issue , for that reason i think its too much . i prefer demo besides studying with baby pips school.
Nov 13 2020 at 18:57
Every new trader should be very serious about their trading. a wrong decision can make them poor from rich.
Dec 25 2020 at 10:24
Forex is the most profitable income source in the forex market. If you want to make money from this market, you have to gather all kinds of knowledge and skills in trading.
Forex trading is for expert people. It requires specific knowledge and skills. Without learning that you can not have consistent profit in forex trading. An expert trader knows when to open or close a position and how to manage risk. He also chooses his broker wisely.
