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Every newbie should practice

Michihito
Mar 09 2021 at 12:37
298 príspevkov
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.
UweMoench
Mar 09 2021 at 13:02
751 príspevkov
Yes practicing in demo is very beneficial. It is the place where we can develop our strategy and test our strategy without losing money.
AliaDare
Mar 09 2021 at 14:13
788 príspevkov
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.
LyudmilLukanov
Mar 09 2021 at 17:44
819 príspevkov
True. Always start trading with a demo account. It is the best way to learn without losing money.
SofieAndreasen
Mar 09 2021 at 17:53
759 príspevkov
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.
Sar John (Sarjohn)
Mar 10 2021 at 08:23
187 príspevkov
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.
radioactive
Mar 10 2021 at 10:25
58 príspevkov
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.
AniLorak
Mar 10 2021 at 10:53
920 príspevkov
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.
Sar John (Sarjohn)
Mar 11 2021 at 11:39
187 príspevkov
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?
TradeHut
Mar 11 2021 at 12:19
31 príspevkov
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.
wontuno
Mar 11 2021 at 13:35
18 príspevkov
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.
Tradelist45
Mar 12 2021 at 05:48
258 príspevkov
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 2021 at 06:14
886 príspevkov
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 2021 at 10:07
26 príspevkov
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 2021 at 12:42
298 príspevkov
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 2021 at 12:45
42 príspevkov
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 2021 at 18:25
330 príspevkov
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 2021 at 18:47
26 príspevkov
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 2021 at 09:13
35 príspevkov
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 2021 at 10:56
26 príspevkov
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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