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Every newbie should practice

Suradi (FXOday)
Oct 04 at 00:08
165 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 at 00:26
109 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 at 01:46
368 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 at 01:03
670 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 at 06:59
32 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 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 at 13:19
335 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 at 19:42
446 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 at 20:03
7 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 at 18:55
204 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.

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