Mohammadi posted: We the traders first of all have to take demo trading seriously for acquire most powerful analyzing fundamental trading knowledge which is very supportive to continue a live trading in a proper way. but practically we the traders who are particularly newcomers don’t believe the importance of this trading place at all. as a result almost 90% traders are loser from here due to lack of exact trading knowledge . so, we have to make sure demo trading continually for become a knowledgeable trader very rapidly.
We the merchants as a matter of first importance need to consider demo exchanging important for get most ground-breaking investigating basic exchanging learning which is extremely steady to proceed with a live exchanging an appropriate way. be that as it may, for all intents and purposes we the brokers who are especially newcomers don't trust the significance of this exchanging place by any means. subsequently right around 90% merchants are washout from here because of absence of correct exchanging information . in this way, we need to ensure demo exchanging ceaselessly for turn into a proficient broker quickly.
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.
Don't forget practice. You can have all theknowledge in the world but if you don't practice and know how to apply your knowledge then it is pointless. I find that price can move very different in real life compared to the 'theory'
In Forex trading, we the traders have to be professional if we want to get maximal result from this volatile trading place. and for being a professional trader we the traders have to pass a long time period for acquiring most powerful analyzing trade knowledge which is really supportive to predict the faction of this market with certainly. And besides this also important to keep trading discipline with great money management.
I have been trading for many months and there is still a long way to go. So much to learn and try. techincals, fundaments, risk management. Lots and lots. I try this on demo and it is so difficult to get profit. I'm sure I will get there with time
SAFXEater posted: But you cannot get the same emotions with a demo account. I prefer a micro real account to learn on
That tends to be true for a lot of traders. But since demo account trading is important I think it is better to first try trading live on a micro account like you said and after that if you're good you should probably move on to a bigger account.
That’s really true, knowledge is power house of trading success! In addition, knowledgeable traders are also able to identify the difference between a good and scam broker! But honestly, broker plays a strong role here! No one can success here without a good trading broker! Whatever, novice traders should concentrate first on their learning process than broker!
I have seen according to my trading experience the traders who are particularly new Forex trader or part timer always try to depend on scalping approach that brings profit in a short time. scalping brings profit very rapidly but this approach make them loser ultimately because it contains huge risk.
exactly, learning good knowledge from at any good books cannot bring good result when trading if you don't have much practice in trading . learning with regular practice , its a real combination in this Stock market.
real account is not a waste. How you know what it is really like to trade unless you have money on the line. I did well on demo and then went to real and it was so different. I had to learn all over again
Imamul posted: That’s really true, knowledge is power house of trading success! In addition, knowledgeable traders are also able to identify the difference between a good and scam broker! But honestly, broker plays a strong role here! No one can success here without a good trading broker! Whatever, novice traders should concentrate first on their learning process than broker!
That's actually true without knowledge it is not possible to get success in the forex world so it is better to focus on learning first, then look for a reliable forex broker as it is also equally important.
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