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Knowldge is very important and it is very difficult to trade successfully if you have no knowldge and skills to trade. So always learn the basics of Forex and it will be easy to make good money in Forex trading. You should get good tranning in Forex because Training gives a beginner trader confidence and autonomy to make trading decisions.
He means something else on that, he means something like demo account where you do play on some artifical money with the help of that you may get some more knowledge in future for all other goals absolutely and possibly anyway.
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.
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
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.
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