Mar 16 2021 at 08:21
Willemcurtis posted:Yes, demo account is perfect for practice and analysis work, that is why i am continue doing demo trading and live trading with micro lot size, i am learning and gaining some profits as well.philipsimmions posted:' 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.Willemcurtis posted:Every newbie should grab as much knowledge as they can and always keep your brain open to learning new things in order to earn.Sarjohn posted: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.
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.
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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.
Mar 22 2021 at 14:40
Practice, practice again and practice again - this is what should be constantly.
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.
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.
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
Apr 03 2021 at 13:36
It is important to be able to work with instruments, use alerts, trade in one click without all these skills, it will be difficult for you.
Apr 03 2021 at 14:06
Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.
Apr 06 2021 at 07:04
it ia mandatory for the newbies to trade on the demo. If not it will be like driving the car without knowing the accelerator, brake and clutch and the end BANG..
Oct 02 2021 at 03:33
Akasuki posted:Not only new traders but also professional traders need to practice. In fact, every trader needs to be educated.
Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.
Oct 03 2021 at 01:37
friedjohan posted:If you want to create an experience, you have to take the help of a demo account. Demo accounts help a trader build experience.
Demo accounts serve like a practice tool for traders before they can switch to trading live. It is indeed a good thing for newbies.
Oct 03 2021 at 08:14
Yes demo is good to have an experience of forex trading. But to ise the best of an demo account, one should follow proper risk management and trading rules.
Oct 04 2021 at 00:08
Newbie they still lack in experience and need more guidance, I think better practice in demo account and learn how t0o manage money in account trading, keep in practice until finding profitable trading strategy, because not all trading strategy work, evaluation when strategy less good, at least provide good profit regularly, then trader start in micro account and they can start with 0.01 lot size.
Oct 04 2021 at 00:26
True. I’ve seen a lot of people try to discredit demo accounts lately. It’s true that you don’t get the psychological experiences of trading with emotions or losses but it can still offer a lot of valuable lessons. Definitely think I would have blown my first account if I didn’t have experience from the demo.
Oct 04 2021 at 01:46
croisssan posted:I need to have an idea about the work that I do. It is not different in trading, when I try to trade without gaining knowledge, I will face loss.
It's true. In general, this rule probably works in any industry and it is worth understanding it. It will be quite difficult to get a positive result without practice.
Oct 05 2021 at 01:03
FXOday posted:Training must be accurate. Which will help me to develop trading profit. Therefore, it is much better to practice the demo. This makes it much easier to develop skills and reduces the amount of loss.
Newbie they still lack in experience and need more guidance, I think better practice in demo account and learn how t0o manage money in account trading, keep in practice until finding profitable trading strategy, because not all trading strategy work, evaluation when strategy less good, at least provide good profit regularly, then trader start in micro account and they can start with 0.01 lot size.
Oct 06 2021 at 06:59
Learning to trade is an easy task. Most people do it even without realizing that they are doing so. As a newbie, you should practice as much as possible. By practice, I mean that you should use a demo account and invest some time learning the ropes of forex trading. It is not that difficult.
Oct 06 2021 at 11:28
whitneytyler posted:Talking about demo, i'd say it is a very crucial step before jumping into live. In fact not just newbies but experienced traders also use demo account to backtest new strategies.
Learning to trade is an easy task. Most people do it even without realizing that they are doing so. As a newbie, you should practice as much as possible. By practice, I mean that you should use a demo account and invest some time learning the ropes of forex trading. It is not that difficult.
Oct 06 2021 at 20:03
Practice is very important for every trader but demo account will never give you relevant experience. Surely, you'll know how to use the trading platform and you'll learn how to make the orders and use indicators and other tools, but you'll not learn how to control your psychology in the stressful environment which is essential for a trader who wants to be a success. So, I suggest starting with the demo account just to learn how the terminal works and after it you should trade real money using microlots.
Nov 01 2021 at 22:50
Just like as want to drive the car, learning theory indeed help to understand, but without practice, it will become useless because, in real life, the driver has the courage to drive, while without experience and practice, driving a car will become a hard thing and scary because no experience, therefore in forex, without experience and practice,, this is scaring business because we can lose money.
