Need an advice

demo is the best place to see leverage performance , before live traders should use high leverage in demo., it always supportive to avoid risk when live.

If new traders only focus on the learning process then the pat will be smooth for sure; otherwise; it will remain sticky! Knowledge is the power!

practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.

fancydandy posted:

Mohammadi posted:
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.

Maybe it is just me but i do not think that it is necessary to time frame on how long you should be on for demo account trading. It should be based on how you are making the steady profit and understanding much better when it comes to variables.

yes, i agree with you...it all depends on how consistent of your profit is becoming.

Alex52 posted:
So I am very unexperienced trader yet,
I started to work with GoCapitalFX last week, but now I don't know if it was a good idea. I liked the site but I haven't found much info on the internet about the company, mayby somebody has worked with it?
is it good to start with a new broker company?

I would suggest you go with www.fxpro.co.uk

The traders who are particularly newcomer can lern Fx from lots of sources that available right now. But in order to my trading experience I think Pips school is more appropriate which always all important trading tips with essential terms and condition which is really supportive for the newbie.

I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.

balticrain posted:
Yes regulation is essential. A bad broker may not pay up if you start making money.

AyanMohamed posted:

balticrain posted:
Yes regulation is essential. A bad broker may not pay up if you start making money.

I agree with you. A broker is the most important thing in the forex market.

Of course, the broker is smart enough to trade in this area, and if you choose a reliable secure one, then you will be much more fortunate.

When you choose a broker that you trust, you get maximum benefits and results.

Start with a demo account. Don’t rush into real trading.

Both knowledge and practice is needed for doing forex trading. How much practice we do at the initial stage will help to reduce the doubts and dilemmas in the decision making situations of trading.

Choose a broker you can trust, and you'll get the best possible results.

You shouldn't be scared of starting your trading activity with new broker. I personally believe that traders must have lots of brokers, I mean as an experience of course, because the more brokers you try the more chances to understand the whole trading industry you have in short times. Some traders think that it's better to stay with one broker for a very long time, nevertheless I prefer not to approve such statements. Trading is all about experience and new impressions. You can change brokers whatever you want and thi si awesome. Finally, of course you should choose the only one, when you will know everything about brokers.

Guess that it's okay to start off with a new broker, however you have to be convinced in its reliability. If I were you, I wouldn't deposit my money to this broker until I would be convinced that it wouldn't turned out to be a scammer. Of course, it may take plenty of time to you, until you will be convinced, however it's almost the only way to continue trading with this broker, if you want so.
Indubitably, that you might choose another broker, but if you really liked the conditions which rae provided by this one, then you have to be pretty patient. Actually, trading always implies patience and consciousness.

Use the broker reviews sections here .
They have detailed reviews on literally every broker you can think off !

You are losing consistently means there is something wrong with your trading approach where you have to work on. And now you have to work hard on your mistakes.

Hey! I need advise in the area of choosing which currency pairs I should go with. I did my research and got to know major currency pair works well is that so?