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Every newbie should practice

wontuno
Mar 11 at 13:35
posts 18
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.

Low Profile High Profit
Tradelist45
Mar 12 at 05:48
posts 148
without practice any level of trading can be useless , so we the traders first of all have to make sure real practice session.

Mohammadi
Mar 12 at 06:14
posts 886
Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.

Willemcurtis
Mar 13 at 10:07
posts 26
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.

Demo trade is always a safer option when it comes to trading. If you are unsure about some strategy or some trade, you can demo trade in them.

Michihito
Mar 13 at 12:42
posts 298
Newbie should avoid scalping as it can ruin their trading psychology. Most traders develop overtrading habit by doing scalping in their early trading life. Then they struggle to change that habit.

philipsimmions
Mar 13 at 12:45
posts 42
Willemcurtis 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.

Demo trade is always a safer option when it comes to trading. If you are unsure about some strategy or some trade, you can demo trade in them.

Every newbie should grab as much knowledge as they can and always keep your brain open to learning new things in order to earn.

Tremblay
Mar 13 at 18:25
posts 330
The best tools for money management trading. It is not possible to be satisfied with trading if money management is not right. One of the conditions of money management is to take a 2% risk in each trade. Taking more than 2% risk can put the account at risk. And you should always trade at a 1: 2 risk-reward.

DanielGlaus
Mar 13 at 18:47
posts 26
To make forex trading easier, you need to control emotions first. If a trader has strong psychology, trading will be much easier for him. Money management can make trading easier. So the first condition to make trading easier is to control the emotions.

forexminded
Mar 15 at 09:13
posts 35
DanielGlaus posted:
To make forex trading easier, you need to control emotions first. If a trader has strong psychology, trading will be much easier for him. Money management can make trading easier. So the first condition to make trading easier is to control the emotions.

How do you handle your emotions?

Willemcurtis
Mar 15 at 10:56
posts 26
philipsimmions posted:
Willemcurtis 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.

Demo trade is always a safer option when it comes to trading. If you are unsure about some strategy or some trade, you can demo trade in them.

Every newbie should grab as much knowledge as they can and always keep your brain open to learning new things in order to earn.

' Yes, having knowledge is very important for a newbie. You can demo trade with a number of brokers like XM, XTB or Turnkeyforex and after demo trading you can figure out with whom to trade and will it be of any benefit to you. Always and always analyse the prices before trading anywhere. Don’t take risks with your money especially at that time when you can easily make profits.
'

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