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There is a proverb that practice

AliaDare
May 25 at 14:58
670 Posts
RobSchiz posted:
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.

UweMoench
May 28 at 12:01
635 Posts
There is no alternative to practice. But to do practice, one needs some systematic approach. Just random demo trading does not help. Treat demo like live trading.

CocoChannel
May 29 at 10:59
33 Posts
According to me, practice is the only key to profitable trading. Consistent practice and determination never lets a trader bear losses.

winifredbass
Jun 12 at 10:54
20 Posts
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.

jonathandaniel
Jun 29 at 08:15
49 Posts
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.

spacexdragon
Jun 29 at 09:15
8 Posts
Those that focus on practice and improving their skills will do much better than those just focused on making profit

Akasuki
Jun 29 at 12:16
336 Posts
@spacexdragon Exactly. You are right. But unfortunately most people focus on making money without developing enough skills. That's why most traders are losing money.

Tremblay
Jul 01 at 16:49
330 Posts
spacexdragon posted:
Those that focus on practice and improving their skills will do much better than those just focused on making profit

Yes. Practice makes a man perfect.

lilliemorris
Jul 05 at 08:13
15 Posts
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.

RobertFerrari
Oct 05 at 19:25
204 Posts
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.

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