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Every newbie should practice

Suradi (FXOday)
Oct 04 2021 at 00:08
200 príspevkov
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.

HeavenLeighGill (HeavLeighGill26)
Oct 04 2021 at 00:26
150 príspevkov
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.

LukeRachel
Oct 04 2021 at 01:46
451 príspevkov
croisssan posted:
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.

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.

AliaDare
Oct 05 2021 at 01:03
758 príspevkov
FXOday posted:
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.

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.

whitneytyler
Oct 06 2021 at 06:59
44 príspevkov
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.

Tam_fx
Oct 06 2021 at 11:28
17 príspevkov
whitneytyler posted:
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.

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.

skihav
Oct 06 2021 at 13:19
505 príspevkov
Practice for a trader is a really important aspect. Without this, it will be really difficult to get a positive result of work.

RobSchiz
Oct 06 2021 at 19:42
530 príspevkov
skihav posted:
Practice for a trader is a really important aspect. Without this, it will be really difficult to get a positive result of work.

Proper practice helps a trader to make a good trading career in this market.

Raf995511
Oct 06 2021 at 20:03
9 príspevkov
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.

RobertFerrari
Nov 01 2021 at 18:55
305 príspevkov
Raf995511 posted:
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.

I agree with you.

Suradi (FXOday)
Nov 01 2021 at 22:50
200 príspevkov
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.

Akasuki
Nov 03 2021 at 10:46
441 príspevkov
Yes practice is important but most people price just for few months then jump into live trading without developing any trading and mindset strategy.

garlicbread
Nov 03 2021 at 11:21
6 príspevkov
FXOday posted:
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.


Vert good analogy. I hope that new traders can take this in mind when starting out

skihav
Nov 03 2021 at 14:28
505 príspevkov
Every beginner really needs practice. Without this, the chances of losing money are pretty high.

Williamfreed
Nov 04 2021 at 01:39
89 príspevkov
To learn and gain experience in the Forex market, beginners should use a demo account. This is the only way to become a successful trader. They will only lose money in the Forex market if they do not learn.

UweMoench
Nov 04 2021 at 06:52
737 príspevkov
@Williamfreed Yes a demo account is a good way to start. But along getting familiar with online trading, one should focus on learning skills as well.

Willowerno
Nov 10 2021 at 04:41
22 príspevkov
Studies have shown that you need to practice something for 10,000 hours before you become an expert in it. The same applies to trading. Practice is the only way to improve yourself in a skill. With practice you will realise what works for you, what is your trading style and what mistakes you should avoid which ultimately leads to making money.

RobSchiz
Nov 12 2021 at 05:16
530 príspevkov
Willowerno posted:
Studies have shown that you need to practice something for 10,000 hours before you become an expert in it. The same applies to trading. Practice is the only way to improve yourself in a skill. With practice you will realise what works for you, what is your trading style and what mistakes you should avoid which ultimately leads to making money.

A demo is the best place to practice.

no_frame
Nov 12 2021 at 08:49
35 príspevkov
I do think that newbies need to practice at the initial stage, for that the demo trading is the best way and can also follow regular market trends.

TraderIvana
Nov 12 2021 at 10:47
25 príspevkov
For newbies, learning with discipline and practicing on demo are two important factors that will lead them towards a successful forex trading career.

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