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Every newbie should practice
Členem od Aug 26, 2020
76 příspěvků
Apr 03, 2021 at 13:36
It is important to be able to work with instruments, use alerts, trade in one click without all these skills, it will be difficult for you.
Členem od Mar 28, 2021
586 příspěvků
Apr 03, 2021 at 14:06
Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.
Členem od Jan 11, 2019
140 příspěvků
Apr 06, 2021 at 07:04
it ia mandatory for the newbies to trade on the demo. If not it will be like driving the car without knowing the accelerator, brake and clutch and the end BANG..
Členem od Jul 19, 2020
742 příspěvků
Oct 02, 2021 at 03:33
Akasuki posted:
Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.
Not only new traders but also professional traders need to practice. In fact, every trader needs to be educated.
Členem od Mar 16, 2021
447 příspěvků
Oct 03, 2021 at 01:37
friedjohan posted:
Demo accounts serve like a practice tool for traders before they can switch to trading live. It is indeed a good thing for newbies.
If you want to create an experience, you have to take the help of a demo account. Demo accounts help a trader build experience.
Členem od Mar 28, 2021
586 příspěvků
Oct 03, 2021 at 08:14
Yes demo is good to have an experience of forex trading. But to ise the best of an demo account, one should follow proper risk management and trading rules.
Členem od Apr 03, 2021
437 příspěvků
Oct 04, 2021 at 00:08
Newbie they still lack in experience and need more guidance, I think better practice in demo account and learn how t0o manage money in account trading, keep in practice until finding profitable trading strategy, because not all trading strategy work, evaluation when strategy less good, at least provide good profit regularly, then trader start in micro account and they can start with 0.01 lot size.
Členem od Aug 05, 2021
394 příspěvků
Oct 04, 2021 at 00:26
True. I’ve seen a lot of people try to discredit demo accounts lately. It’s true that you don’t get the psychological experiences of trading with emotions or losses but it can still offer a lot of valuable lessons. Definitely think I would have blown my first account if I didn’t have experience from the demo.
Členem od Mar 16, 2021
447 příspěvků
Oct 04, 2021 at 01:46
croisssan posted:
It's true. In general, this rule probably works in any industry and it is worth understanding it. It will be quite difficult to get a positive result without practice.
I need to have an idea about the work that I do. It is not different in trading, when I try to trade without gaining knowledge, I will face loss.
Členem od Jul 19, 2020
742 příspěvků
Oct 05, 2021 at 01:03
FXOday posted:
Newbie they still lack in experience and need more guidance, I think better practice in demo account and learn how t0o manage money in account trading, keep in practice until finding profitable trading strategy, because not all trading strategy work, evaluation when strategy less good, at least provide good profit regularly, then trader start in micro account and they can start with 0.01 lot size.
Training must be accurate. Which will help me to develop trading profit. Therefore, it is much better to practice the demo. This makes it much easier to develop skills and reduces the amount of loss.
Členem od Jun 07, 2021
70 příspěvků
Oct 06, 2021 at 06:59
Learning to trade is an easy task. Most people do it even without realizing that they are doing so. As a newbie, you should practice as much as possible. By practice, I mean that you should use a demo account and invest some time learning the ropes of forex trading. It is not that difficult.
Členem od Sep 10, 2021
17 příspěvků
Oct 06, 2021 at 11:28
whitneytyler posted:
Learning to trade is an easy task. Most people do it even without realizing that they are doing so. As a newbie, you should practice as much as possible. By practice, I mean that you should use a demo account and invest some time learning the ropes of forex trading. It is not that difficult.
Talking about demo, i'd say it is a very crucial step before jumping into live. In fact not just newbies but experienced traders also use demo account to backtest new strategies.
Členem od Oct 15, 2020
10 příspěvků
Oct 06, 2021 at 20:03
Practice is very important for every trader but demo account will never give you relevant experience. Surely, you'll know how to use the trading platform and you'll learn how to make the orders and use indicators and other tools, but you'll not learn how to control your psychology in the stressful environment which is essential for a trader who wants to be a success. So, I suggest starting with the demo account just to learn how the terminal works and after it you should trade real money using microlots.
Členem od Apr 03, 2021
437 příspěvků
Nov 01, 2021 at 22:50
Just like as want to drive the car, learning theory indeed help to understand, but without practice, it will become useless because, in real life, the driver has the courage to drive, while without experience and practice, driving a car will become a hard thing and scary because no experience, therefore in forex, without experience and practice,, this is scaring business because we can lose money.
Členem od Mar 28, 2021
586 příspěvků
Nov 03, 2021 at 10:46
Yes practice is important but most people price just for few months then jump into live trading without developing any trading and mindset strategy.
Členem od Nov 03, 2021
9 příspěvků
Nov 03, 2021 at 11:21
FXOday posted:
Just like as want to drive the car, learning theory indeed help to understand, but without practice, it will become useless because, in real life, the driver has the courage to drive, while without experience and practice, driving a car will become a hard thing and scary because no experience, therefore in forex, without experience and practice,, this is scaring business because we can lose money.
Vert good analogy. I hope that new traders can take this in mind when starting out
Členem od Aug 10, 2021
172 příspěvků
Nov 04, 2021 at 01:39
To learn and gain experience in the Forex market, beginners should use a demo account. This is the only way to become a successful trader. They will only lose money in the Forex market if they do not learn.
Členem od Jul 19, 2020
749 příspěvků
Nov 04, 2021 at 06:52
@Williamfreed Yes a demo account is a good way to start. But along getting familiar with online trading, one should focus on learning skills as well.
Členem od Jun 19, 2020
38 příspěvků
Nov 10, 2021 at 04:41
Studies have shown that you need to practice something for 10,000 hours before you become an expert in it. The same applies to trading. Practice is the only way to improve yourself in a skill. With practice you will realise what works for you, what is your trading style and what mistakes you should avoid which ultimately leads to making money.
Členem od Aug 21, 2021
60 příspěvků
Nov 12, 2021 at 08:49
I do think that newbies need to practice at the initial stage, for that the demo trading is the best way and can also follow regular market trends.
