Sep 24 2019 at 11:06
Top tip in my view is to use a demo account as long if not longer than you think you need
every trading system is a losing approach if you dont know how to manage risk when trading in practical.
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
swaggering posted:
Top tip in my view is to use a demo account as long if not longer than you think you need
I agree. Without practicing on a demo account for a good time you won’t be able to do good in forex trading. Practicing on a demo acc is almost indispensable in fx trading.
always try to be cool mind when learning from school or others , there is no way of learning by short cut. so keep patience and happy learning.
in Fx leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
Before large investments we generally open a demo account in a broker to see the performance how it works. But I have seen, after large investments brokers attitude changes sometimes that is not available in micro accounts.
be active in its a common suggestion but more effective after all. our beginner session and practice in demo or micro account , its a better combination.
Micro account yes, demo account - no. Although many may disagree with me. But believe my experience, even testing an advisor on a demo can show a completely different result than on a real account.
Trading on a demo you do not feel the loss and earnings of real money. And accordingly, you can not take the market seriously. You just waste time by clicking the buy / sell buttons.
Trading on a demo you do not feel the loss and earnings of real money. And accordingly, you can not take the market seriously. You just waste time by clicking the buy / sell buttons.
