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.
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
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.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.