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Every newbie should practice

Mar 09, 2021 at 12:37
2,091 Views
40 Replies
Biedrs kopš   298 ieraksti
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.
Biedrs kopš   751 ieraksti
Mar 09, 2021 at 13:02
Yes practicing in demo is very beneficial. It is the place where we can develop our strategy and test our strategy without losing money.
Biedrs kopš   788 ieraksti
Mar 09, 2021 at 14:13
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.
Mar 09, 2021 at 17:44
True. Always start trading with a demo account. It is the best way to learn without losing money.
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.
Biedrs kopš   187 ieraksti
Mar 10, 2021 at 08:23
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.
Biedrs kopš   63 ieraksti
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.
Biedrs kopš   187 ieraksti
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?
Biedrs kopš   31 ieraksti
Mar 11, 2021 at 12:19
For beginners, it is important to gain sufficient knowledge and experience to excel in Forex. Demo trading is definitely the best way to practice and learn about Forex trading to make it effective.
Biedrs kopš   18 ieraksti
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.
Low Profile High Profit
Biedrs kopš   327 ieraksti
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.
Biedrs kopš   886 ieraksti
Mar 12, 2021 at 06:14
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.
Biedrs kopš   298 ieraksti
Mar 13, 2021 at 12:42
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.
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
Biedrs kopš   788 ieraksti
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.
Biedrs kopš   83 ieraksti
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.
Biedrs kopš   119 ieraksti
Mar 22, 2021 at 14:40
Practice, practice again and practice again - this is what should be constantly.
Biedrs kopš   11 ieraksti
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.
Biedrs kopš   327 ieraksti
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.
Biedrs kopš   75 ieraksti
Apr 02, 2021 at 06:04
I believe that you are doing the right thing because a demo account gives us the opportunity to really preserve our childhood and devotion to prepare for what will happen on a real account
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