Jan 26 at 08:43
I don’t think there is a set time as people learn differently. I would say once you feel you are getting somewhere spend a few months on demo practicing what you have learnt
Jan 27 at 08:13
dutchy1986 posted:
I don’t think there is a set time as people learn differently. I would say once you feel you are getting somewhere spend a few months on demo practicing what you have learnt
Agreed, the exact time always varies from trader to trader, as per their skills and knowledge.
Jan 27 at 09:43
Rassellkarl posted:Jamespaul posted:
Everyone has a different learning curve. Maybe a person can learn the techniques in one day or some other person may learn the same thing in one year. We cannot say for sure that how much time a person will take to learn the concept.
There many timeframes and charts which people have to learn. If a person learns about scalping then he has to learn about the M1 to H1 charts and then there are other strategies like day trading and position trading for which learning of D1 charts is necessary. For instance as a scalper from the beginning, even while practicing on demo on pepperstone, LCG and fxview, I never for once settled unless I learnt about different indicators, use of leverage and market patterns. So, as per the strategy one is following, it’s imperative to learn all the things related to it.
I think leverages should not be used by anyone and only reserved for the advanced traders with experience.
Jan 27 at 10:38
Before coming into the trade market, one must have basic knowledge of trading, about the market trends and its economy. Practising on a demo account first before placing any live trade will come out as an advantage for everyone.
Jan 27 at 13:02
jimmyneeesham posted:Rassellkarl posted:Jamespaul posted:
Everyone has a different learning curve. Maybe a person can learn the techniques in one day or some other person may learn the same thing in one year. We cannot say for sure that how much time a person will take to learn the concept.
There many timeframes and charts which people have to learn. If a person learns about scalping then he has to learn about the M1 to H1 charts and then there are other strategies like day trading and position trading for which learning of D1 charts is necessary. For instance as a scalper from the beginning, even while practicing on demo on pepperstone, LCG and fxview, I never for once settled unless I learnt about different indicators, use of leverage and market patterns. So, as per the strategy one is following, it’s imperative to learn all the things related to it.
I think leverages should not be used by anyone and only reserved for the advanced traders with experience.
A trader is only bound by its capacity to learn. There is not a clear distinction whether one is an advanced trader or a beginner level trader. I don’t think any type of trader and broker whether that is a simple, intuitive style broker Fxview or interactive brokers which is complex, no one is bound to a particular boundary of hierarchy. If you have done your homework and know the risk of the trades and techniques, then yes a person should move forward.
I think such issues are really considered individually for each trader.
Feb 17 at 07:34
After theory, you always need to start practicing, and a demo account is a very convenient option.
Demo for at least 6 months
Ideally been consistent for 3 months ie profitable in a row
Ideally been consistent for 3 months ie profitable in a row
flashoutline posted:
This is a simple question - trade demo until you have been consistently profitable on demo for 3 consecutive months.
Agreed with 3 months profitability under your built your well on your way to mastering live conditions
