MythCloset

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Joined Sep 13, 2022

Posts 16

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Recent Posts

Can I learn forex trading with a demo account?

Yes, practising on a demo account is an excellent way to improve your knowledge of forex trading. It facilitates learning and gaining experience in the real market without any constraints. Every trader should learn forex trading by using a demo account.

1200

Nov 11, 2022 at 09:57

Have a plan and stick to it

A good trading plan includes risk-reward ratio, money management, risk management, and so on. Aspiring traders should develop and strictly adhere to a trading plan. It will ensure a profitable trading career with no unneeded losses.

4422

Nov 09, 2022 at 07:45

Is a demo account really neccassary?

It’s up to the trader to choose if they wish to demo trade or directly start live trading. Many do and many don’t. Demo trading can help the trader understand the process, figure out their trading style and backtest different strategies to select the one that stands out the most. However...

8842

Nov 08, 2022 at 09:22

What is the importance of knowledge?

Without understanding market sentiment, traders won’t succeed in the long run. Knowledge and skill are important to move ahead towards generating profit. Learn all you can so when you do learn how to analyse the market, it gets simpler to move in the right direction.

4008

Nov 07, 2022 at 09:57

Demo Trading Advantages

The most important benefit of demo trading is that it allows beginners to create and develop their trading strategy and practice it in the real market environment without risking their real money.

6478

Nov 01, 2022 at 07:41

MythCloset's Reviews

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.13806	GBPUSD	1.33291	AUDUSD	0.6403
USDJPY	143.574	USDCAD	1.38593	USDCHF	0.82707

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MythCloset

Can I learn forex trading with a demo account?

Have a plan and stick to it

Is a demo account really neccassary?

What is the importance of knowledge?

Demo Trading Advantages