In Fx trading as a newbie I am looking for a great source for gathering proper market principle which is very supportive to lead a comfortable trading life with certainly , many of us suggest me to trade demo account , but honestly speaking , I always feel boring when trading in demo account . but I have acquired some basic information from here about trading .
Mohammadi posted:
In Fx trading as a newbie I am looking for a great source for gathering proper market principle which is very supportive to lead a comfortable trading life with certainly , many of us suggest me to trade demo account , but honestly speaking , I always feel boring when trading in demo account . but I have acquired some basic information from here about trading .
Are you winning when you trade your boring demo account?
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
I'm newbie on this forum. I'm here for learning and also for earning.
May 21 2019 at 06:00
yes..i am still learning about forex,
May 21 2019 at 07:48
Baileyhart posted:
yes..i am still learning about forex,
That’s really great! By the way, how many months you have been practicing your demo account?
before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.
May 26 2019 at 06:31
No start on live is stupid. everyone loose when start on demo. better use demo first but some broker do not offer demo
Humberttim posted:
No start on live is stupid. everyone loose when start on demo. better use demo first but some broker do not offer demo
Yes, I see few brokers don’t offering! But till now a number of brokers are allowing demo trading even for lifetime!
before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.
Learning really comes first here anyway totally and completely. Then you will start to earn maybe and maybe not. That's the whole dilema anyway. See what I really mean here ? It does allow me to do all this stuff and that's really it. And there is no way around.
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice. so, it is more appropriate to maintain real trading discipline with consistent practice.
It is easy to learn to trade forex.
It is though very hard to learn trading forex and stay profitable :)
It is though very hard to learn trading forex and stay profitable :)
Losing money is great teacher therefore knowledge & experience must come first before jump to forex ( it all about hardworking/smart). Nowdays people come with new way to make money with forex example copy trade etc...i believe lots trader of out there are losers (time/money) in longterm trading ..just a my view no harm...
Joha AL fath
there is no real chance to bring biggest profit ratio until ensuring a most powerful analyzing money management. its the main rule.
Sep 17 2019 at 12:33
Imamul posted:
there is no real chance to bring biggest profit ratio until ensuring a most powerful analyzing money management. its the main rule.
Money management is important . I would go as far as to say very important...but it is just part of the picture. MM is needed for a good strategy but MM will not save a bad strategy
Really agree on your last line; having a good trading system is the key! Since, it’s a decentralized market so; long term working strategies are not available here & there!
Sep 18 2019 at 10:19
togr posted:
It is easy to learn to trade forex.
It is though very hard to learn trading forex and stay profitable :)
good distinction
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
