Newbie wannabe Trader
Member Since Jul 20, 2020
298 posts
Oct 08, 2020 at 23:14
Every beginner trader has to face these problems. First of all, when you join trading you need to start with demo trading. You need to gather Forex -related information from many websites while doing demo trading. There must be a loss in trading and we have to learn from this loss. And you have to keep yourself emotionally strong.
Member Since Jul 19, 2020
318 posts
Oct 23, 2020 at 09:40
If you want to become a good and profitable trader, you have to learn all the tools and techniques of trading perfectly.
Member Since Jul 10, 2020
34 posts
Oct 26, 2020 at 07:33
Demo trading accounts are a good way of judging where you stand. They help you gain hands-on practice.
Member Since Jul 20, 2020
341 posts
Nov 13, 2020 at 19:29
Newbies are most of the time want to earn money quickly. Trying to make money quickly can be dangerous for new traders. They should learn properly first.
Nov 17, 2020 at 07:56
antonyhollinwooe posted:Yes, demo accounts are of great help, best to practice, agreed.
Demo trading accounts are a good way of judging where you stand. They help you gain hands-on practice.
But traders should never become over confident by seeing demo results, they should understand that live trading is going to be a lot more different with real money involved.
Member Since Mar 17, 2021
536 posts
May 24, 2021 at 18:50
marktaylor posted:Demo account is the best way to learn forex properly and perfectly.
Demo accounts are a good way of identifying your trading personality.
Member Since Jul 23, 2020
759 posts
Jun 09, 2021 at 07:56
Start with a demo account. There is no other way.
Jun 10, 2021 at 08:30
SofieAndreasen posted:Yes. If you want to make a good trading career, you need to have the proper knowledge. And a demo will help you to gather all kinds of knowledge without taking any risks.
Start with a demo account. There is no other way.
Member Since Apr 28, 2021
9 posts
Jun 14, 2021 at 10:24
Davidfx89 posted:
the knowledge we gain from demo account actually not works when trading in a live , really it is. otherwise demo was the first choice of ours.
why do you say that? Demo has same data as live account
Jun 18, 2021 at 20:17
SteveHanks posted:I agree with you. Every new trader should practice on a demo account.marktaylor posted:Demo account is the best way to learn forex properly and perfectly.
Demo accounts are a good way of identifying your trading personality.
Member Since Jun 16, 2021
111 posts
Jun 19, 2021 at 07:40
For a newbie, the next step after reading up on how the forex market works and what they can do to achieve their financial goals, should be practising on a demo account.
This will make you well-versed with the trading platform and when you go live, you may already be prepared for typical market situations.
Based on what you prefer, you can choose a suitable broker.
This will make you well-versed with the trading platform and when you go live, you may already be prepared for typical market situations.
Based on what you prefer, you can choose a suitable broker.
Member Since Mar 17, 2021
536 posts
Jun 23, 2021 at 20:44
OrlandoGT posted:Yes. every new trader should practice on a demo account before investing their money in this risky market.
I would suggest that, the day beginner started thinking to trade, from that moment he/she must open a demo account and apply all the learning on it.
Member Since Jul 23, 2020
869 posts
Jul 03, 2021 at 12:38
Newbie often struggles in trading. They are less interested in trading also.
Member Since Aug 05, 2021
401 posts
Aug 19, 2021 at 02:23
I would take a step back from trading on the live account since it's losing money for you and come back to that. Spend more time online on forums like this one and try YouTube, Babypips, and other learning sites as well. Take an in-depth look at your current strategy and whether it's working. Practice any changes on demo account and then go back to trading live. It could also help to keep a trading journal to help stay on top of what is and isn't working. Good luck, I hope things improve!
