In my opinion. to exercise improves the quality of trading, better practice on a demo account first, assume it own capital, or if you want to do in a live account is not a problem but using a small quantity or use the cents account .
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In my opinion. to exercise improves the quality of trading, better practice on a demo account first, assume it own capital, or if you want to do in a live account is not a problem but using a small quantity or use the cents account .
Yes, doing a lot of practices can improve your quality of trading and your analysis can be more accurate than before because
there are more considerations which you use to make decision. But there is no one who could be perfect in trading so it's important
to use good risk management in every transaction.
I think so that baby pisps ste is very better site for learning for trader you can get more and proper knowledge abut forex from this site . This school learning is so good for traders .
Practicing forex on demo account after knowing forex makes you experience but one important thing with knowing forex we should have proper money management plan to avoid risk ind trading.
This is true but first of all he or she should practice with a demo account.Other thing is you can't get real experience unless you trade in live account but get to know much experience you need a big capital other wise you loose a lot of experience.You ll feel the difference after year when started to trade with a live account.
trade with small money is not the obstacle or hurdle to build the career at this business,and if you can make it grow and grow with consistent with compound your profit then you can increase the lots size and of course you will get more profit again and again
and because it will become useless if the trader trade with big money but less knowledge and i think they just waste their money, time and also drop their mental
learn and practice...yes of course if the trader have much time and then they spend it for their trading and with automatically they learn and practice for more..and more
this is very good then they can get many experiences and very useful for their growing at this business
learn and practice...trade and trade..
to learn you can use demo account first, and after understanding the strategies that you learn, you can step into a real account, with a small capital first.
even if your capital is small, but if you already have a good strategy and can deliver a consistent profit you will earn enough profit.
I agree with the thread title, practice is most important in regard to forex trading, the more time we spend trading the more used to we become with market, as we can understand a friend better, longer we stay with market the more we shall understand it.
Learning forex through reading e books and browsing forex sites, watching forex videos and demo trading is not the same as trading in live markets. Only the experiences you got when you trade in live market can develop your trading skill and your good analysis.