AniLorak posted:Johny_tr posted:
For me every entrant into market should start with a demo account, that alone will help you understand how much you are willing to risk.
That’s the proper way of start with; but traders need to open their demo with a small amount! Because, it helps to concentrate on learning!
It’s true; on the other hand, high demo amount makes greedy. When traders get 2-3 TPs but huge profit in size; then take their decision for live trading!
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Jan 07 2020 at 05:17
That is right
Trender
Beginner’s capital should be as low as possible or should be zero initially. Firstly, A beginner should understand the trading basics and how to use the platform or to place a trade. Trading on a demo account is the most fruitful option for a beginner. Investing big capital at initial trades is a risky decision. So, a beginner must always start with minimum capital or zero capital for their initial period.
Feb 12 2020 at 06:35
AmDiab posted:steve_25 posted:
Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo account simultaneously to see what works how .
Thanks, that’s the procedure; basically, which traders try to make money too early they mostly, lose their real money so fast!
Yeah that's true,plus they think forex is a get rich quick scheme, which is their biggest mistake.
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