Before start trading on a real account, you must learn Forex and start trading with a demo account for at least three months. After practicing on a demo account you can invest your money and start making a profit but at the beginning of your trade always start with a low amount and you can make little profit but when you feel that now you are perfect with trading you can invest more amount and can make a good profit.
I think changing your thinking on how to consistently make a profit would be beneficial for you because there is no limit of money you can make with trading. The learning aspect of trading is very crucial; it is the only catch in trading that sometimes to become overnight rich it can take a lifetime. Everyone has a different mental ability and learning curve. Newbies are crushed in the markets because they are ‘new’ in the market. A person who has already traded on demo accounts and micro accounts would not be overwhelmed by a small terminal on the screen which is either MT4 or MT5 or any proprietary trading platform provided by brokers such as Fxview, Xm, XTB etc. because he has gained experience and made his own strategy. He will not be considered as a newbie because he knows the how’s and why’s of the market. So don’t think how much you can earn but rather how much you can learn about trading itself.
If you have proper knowledge and skills you can expect a decent profit from trading but make sure you aren’t focusing on profit only, trade patiently with well defined strategies you will earn good profit.
A business consists of both loss and profit. Without the combination of both two it is never be a business. We cann’t imagine a business without loss. As a business loss is also available in Forex market. Currencies of different countries are the main ingredient of this business. It is the best way of learning Forex is to take lesson from each and every mistakes which I always follow.
Michihito posted: A business consists of both loss and profit. Without the combination of both two it is never be a business. We cann’t imagine a business without loss. As a business loss is also available in Forex market. Currencies of different countries are the main ingredient of this business. It is the best way of learning Forex is to take lesson from each and every mistakes which I always follow.
Right. There is no gain without risk of losing money. It is one the best online earning sources nowadays.
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