When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.
I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.
I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.
Traditionally, many traders start with demo trading because it is a safer and more convenient way to learn how to trade from the inside.
But still, do not dwell on it too long, I think that the best option is a combination of demo and real trading, for a start with small amounts of course.
But still, do not dwell on it too long, I think that the best option is a combination of demo and real trading, for a start with small amounts of course.
lucasser posted:Yes even suggest that to all beginners. Demo is one of the best ways to practice and test strategies, without staking funds.
When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.
I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.
Jun 26 2020 at 07:00
Smith88 posted:lucasser posted:Yes even suggest that to all beginners. Demo is one of the best ways to practice and test strategies, without staking funds.
When i started trading in forex the first thing i was advised by traders was use the demo account before you go live.
I would say the same to all the new comers to trade in demo for long period of time before going live so that you would know how the live trading works and what plans can be created to avoid loss.
Totally. That's the first and foremost step a beginner takes in the world of forex trading.
Jun 26 2020 at 07:28
Roberto21 posted:
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
Very true. Learning is just one of the best and most reliable way in understanding and performing forex trading.
The demo account, of course, must be passed by newcomers to the new one, they must understand that it is also not worth staying there for long.
First step for new comer is DEMO profitably atleast for 1 year
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slayeraeb posted:Yes, it should indeed be the first step, but I think the time period can vary from trader to trader.
First step for new comer is DEMO profitably atleast for 1 year
Jul 01 2020 at 07:22
I believe demo is only profitable if one takes it as serious as while trading on live account. You should have keep in mind the risk of losing money while trading on demo accounts as well.
Jul 02 2020 at 08:15
When I start trading,demo trading played a big role and comes out to be profitable for me as i took it very seriously and traded like i am trading on live account
what is the probability in % that success on a real acc will be the same as on a demo. i'm scared and afraid to lose a deposit. what do you thinl?
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
Dictiony posted:That's right! Demo is perfect to test strategies and practice. One shouldn't directly start with a live account, there are more chances to loose that way.
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
I think so too.
But I have a problem with FxPro.
Already a second my demo account is being blocked (disabled) for a month. I can’t even close open trades.
Has anyone had a similar practice?
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Without a demo account, it will be quite difficult for a newcomer to understand the brokerage platform.
Aug 14 2020 at 17:08
Demo accounts allow traders to track real market conditions and test trading strategies so they can practice trading without putting money on the line. Newcomer should try it first. Once you're sure to get started, you're ready to go live with a real trading account.
Demo trading is very helpful for all new comers in Forex trading and I see that most of the traders using this opportnity of learning Forex. All new traders do demo trading for at least thtree months to get some good practice and experience.
Aug 17 2020 at 10:32
I think every newcomer should use the demo account first before investing their money in the live account. a demo account will help them to know all the basics of forex properly. Then the possibility of facing losses will decrease.
