There is a proverb that practice
Miembro desde Jan 11, 2022
posts 45
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
May 04, 2022 at 05:46
It’s true, and it applies to all fields of life including forex. When a trader practices on a demo account, he gets used to the working of the real market and can form better strategies.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
On the other hand, there are also some traders who try the ‘hit and trial’ method when trading from a live account. This is extremely harmful and unless you are so lucky that every strategy you apply turns out as a success or profit in the ‘hit and trial method’, you will soon turn bankrupt from losses.
So please don’t try new strategies that you have formed in a live account, but a demo account.
Miembro desde Apr 14, 2022
posts 32
May 05, 2022 at 04:14
Practice, indeed, makes a trader perfect. And this is what’s gonna help in the longer run.
Miembro desde Oct 29, 2020
posts 22
May 05, 2022 at 07:38
If a person does activity on a regular basis, the task's performance will improve over time, trading skills can be developed. One should prefer practising on a demo account first and then he can choose to practise on a micro or sent account with a low deposit amount.
Miembro desde Jan 05, 2022
posts 8
May 09, 2022 at 14:52
Practice only makes perfect if you are practicing the right thing. If you learn bad habits and strategies you will still lose
Jun 27, 2022 at 04:26
The proverb is definitely apt for forex trading. In forex no amount of practice can take a trader to perfection as the market is highly volatile and changing. Still they can reach their full potential through continuous learning and practice. Forex trading is a risky venture and requires lots of hard work on the trader’s part.
Miembro desde Apr 18, 2019
posts 30
Aug 14, 2022 at 16:38
indubitably. no practice - no success, it was tested by many traders who were theoretical geeks but when they were asked to open the platform and start trading, they did nothing just dumping their funds. it's so silly. i would even state that practicing prevails over the learning, as the learning gives traders only the understanding of how the market works, but the real success comes with the practicing and the more you practice, the more benefits you receive. SIMPLE.
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