Jan 17 2020 at 05:45
Mohammadi posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Maybe it is just me but i do not think that it is necessary to time frame on how long you should be on for demo account trading. It should be based on how you are making the steady profit and understanding much better when it comes to variables.
Jan 17 2020 at 12:02
That is true but it is good to have an idea of roughly how long it will take on demo before profitability is reached. I expect it is more than 6 months but it will vary by trader and market conditions
Everyone is different, some traders can move from demo within weeks and other never make it at all
The first thing is that to step out of your comfort zone.
to be experience about Fx trading is a long time process and for that we the traders who are particularly newcomers lost interest in here after passing sometimes . patience is first of all needed to be an experienced.
according to me, most important trading tips dont depend on your trading strategies completely, i lost much equity for that. result of our trading its all about temporary session., nothing without it at all.
we always advise to learn basic level for beginners level , but learning can be useless if there is no regular practice in demo or micro account , so besides learning it is more appropriate to emphasis on practice session
Feb 04 2020 at 11:12
Imamul posted:
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.
This thing may happen that’s why it is important to carefully choose a broker before opening an account with them. However, not every broker is same, some brokers are there whose trading conditions are fair and genuine. I use Turnkey Forex they are quite good. Spreads are low with them. LMFX and FX choice are also some good options.
To be a successful trader it is very much needed to have proper knowledge about forex. Without knowledge, no one can make a profit. Proper knowledge and information can make a trader successful. To get all the information a trader can choose an adviser for him.
If you are new there is totally nothing wrong with it entirely and possibly on many many services out there and I clearly do not get what is what entirely..... I do want to understand the whole idea behind that. Even if the broker is bad you will discover it with little risk.
demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.
Apr 20 2020 at 17:13
If new traders only focus on the learning process then the pat will be smooth for sure; otherwise; it will remain sticky! Knowledge is the power!
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.
Apr 22 2020 at 06:45
fancydandy posted:Mohammadi posted:
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Maybe it is just me but i do not think that it is necessary to time frame on how long you should be on for demo account trading. It should be based on how you are making the steady profit and understanding much better when it comes to variables.
yes, i agree with you...it all depends on how consistent of your profit is becoming.
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Apr 25 2020 at 16:19
Alex52 posted:
So I am very unexperienced trader yet,
I started to work with GoCapitalFX last week, but now I don't know if it was a good idea. I liked the site but I haven't found much info on the internet about the company, mayby somebody has worked with it?
is it good to start with a new broker company?
I would suggest you go with www.fxpro.co.uk
yippie kay yay mother f*****
Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.
The traders who are particularly newcomer can lern Fx from lots of sources that available right now. But in order to my trading experience I think Pips school is more appropriate which always all important trading tips with essential terms and condition which is really supportive for the newbie.
I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.
Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.
