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Every newbie should practice
Mar 09, 2021 at 12:37
Every newbie should practice in their demo account. Demo trading is very much important for every newbie. Because you can know many thing from this. But many newbies think that Demo trading is really dull as they have to do this for a long time. Moreover they won't get any real money from this demo trading.
Mitglied seit Jul 23, 2020
816 Posts
Mar 09, 2021 at 17:44
True. Always start trading with a demo account. It is the best way to learn without losing money.
Mitglied seit Jul 23, 2020
696 Posts
Mar 09, 2021 at 17:53
AliaDare posted:
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Mitglied seit Sep 07, 2020
70 Posts
Mar 10, 2021 at 10:25
Sarjohn posted:
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Mar 11, 2021 at 11:39
radioactive posted:Sarjohn posted:
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Yes and till now I am in profit not so much but still gaining profit. How are you going?
Mar 11, 2021 at 13:35
In real life, no one open shop by playing monopoly first.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Low Profile High Profit
Mitglied seit Jun 26, 2020
323 Posts
Mar 12, 2021 at 05:48
without practice any level of trading can be useless , so we the traders first of all have to make sure real practice session.
Mitglied seit Mar 13, 2018
13 Posts
Mar 15, 2021 at 13:23
Many are attracted to Forex as a get rich quick scheme but do not want to put any work in at all. It is no surprise that they lose all their money
Mar 16, 2021 at 01:02
SofieAndreasen posted:AliaDare posted:
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Yes, why waste money on unnecessary education. Since the broker is allowing me to do demo trading, I can develop a strategy from it without spending any money.
Mitglied seit Nov 06, 2018
81 Posts
Mar 16, 2021 at 14:30
For sure, demo trading is useful to get started. It's important to have a consistent strategy that you are profitable with before going live. There is no point in going live with no idea what you are doing.
Mitglied seit Jan 05, 2021
10 Posts
Apr 02, 2021 at 04:32
Practising is the key to getting better and earning some money in forex. Can’t get anywhere without it.
Mitglied seit Jun 26, 2020
323 Posts
Apr 02, 2021 at 05:24
i always try to keep practice in demo or live , because i know very well only this practice issue can keep my trading result well. in Forex trading there is no way to stop practicing in spite of having good knowledge and experience.
