Miki_Bao posted:
I've read some information in Babypips for months, and also some trading instruction/guide in some brokers' website.
I just don't know when to start? How do I know I am ready?
start trading on demo account now, and keep monitoring people who gives signals, start to trade on a real account only when you are sure about what you are doing.
demo accounts are useless. You don't have real emotions. The second you switch to Live account you'll blow it. Simply because it's real money.
I'd suggest forgetting about demos, just larn to read charts until you can accurately predict the market and then go Live.
I'd suggest forgetting about demos, just larn to read charts until you can accurately predict the market and then go Live.
Warren Buffet is an over-rated swamp snake
i would advice doing both.start trading live with small live account;just to get feel of market and thrill trading.some people have never opened a trade before.i know how keen i was to go live trading.i had traded shares before but was boring.actually looking at results in my live account i would be averaging 50% a year if just kept holding shares till now.mean while test different systems on demo.after many years ;changing from demo to real money becomes less of a issue.demo is very accurate for results except scalping in seconds.back testing is always helpful.test many of free ea;s if you have to see how things work.
Jul 15 2020 at 04:31
When you feel you have gathered enough information and have enough understanding, then you can start to trade but on demo account first that will help you to understand the difference between real and demo account.
Jul 15 2020 at 07:31
I will say if you are able to get a stable or consistency in profit in demo trading, then you should be able to start doing the live account, but do bear in mind that they both are not the same
No need to drag out with real trading
Jul 20 2020 at 10:26
Learning to trade is a life-long journey and every trader's journey is unique. There are many things you will have to master, beyond knowing when to enter and exit a trade! On average, you could expect to learn to trade in 1-5 years. Based on all of the traders i know, it took most between 6 months to a year before they saw profitability, which then sustained itself into the future. When learning a new market, put in at least several hours a day.
After completing your education and learning, demo trading is the best thing to gain the practical experience of trading. Practice your strategies on a demo account consistently. Raise your capital slowly and do not rush in trading.
Jul 20 2020 at 11:58
There is no such things as completing your study. it is an on-going thing. Learn the basics for a few weeks but then start trading (on demo) and continue to learn learn learn. The markets are always changing
