AliaDare posted: Yes, if I trade without practice, I can't trade. Practice can make me the perfect trader. So when I lose consistently I try to take out some time and do demo trading it helps to perfect my skills.
Practice on a demo account helps a trader to gain confidence and make proper decisions.
Yes, it is possible to develop skills by practicing the demo. Knowledge about many strategies is created.
Yes, this is very much true and following this proverb you can make a good amount of money. Proper knowledge comes with proper practice. Forex trading is all about using your skills and trading at the right places.
Practicing in demo trading accounts will surely help the beginner traders understand the real market. And this proverb too fits for all the forex traders. More the practice, more the developments in skills.
lilliemorris posted: Of course yes. This proverb ‘practice makes a man perfect’ will fit perfectly for all the forex traders. How much they practice and learn will eventually reflect in their trade successes.
Practicing helps a trader to reduce the risk probability.
Guess that practicing is one of the inevitable parts of trading activity, otherwise you just waste your time. Of course, there are some traders who prefer only theoretical approach to any kinds of activity and they believe that if they know all the theories, then it will be easy to handle practice, however it's not about trading at all. As far as I concerned, practicing brings traders much more experience than theory, but we shouldn't underestimate the role of theory in this case. I just want to tell that we shouldn't neglect both practicing and theory. Everything must be combined and stay in harmony. Something like that.
@skihav There's no option to underestimate the role of practice in forex trading. No one can develop his own strategy without practice. Even to get familiar with an existing strategy one needs to practice.
Sweat more in practice, bleed less in war. I think we all must remind ourselves of this, whenever we feel like jumping on to a strategy or a method or even a live account when we are still not very sure about our skills.
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Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
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