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yes i agree with your sting, it is trading at a real account is not easy, I think if we do not have a good trading skill is very difficult to get a profit and it is very close to the loss, and my advice is if we do not yet have a good trading skills, we are trading the demo account only.Quote:
Originally Posted by volt
i started forex trading on a demo account first by watching and downloading mt4 platform advertisement on the web. before that i just had heard that there is a online business named forex. thats all. after installing the mt4 i was totally hopeless watching the platform window. it was just ridiculous and very complicated for me as i even didn't know what is a price chart, what did those so many peculiar shape of sticks mean for and so on. i just uninstalled that mt4 platform. after some days i went to one of my friends house and saw the same mt4 platform on his pc. he even didn't notice me as he was very concentrated on the platform and drawing some horizontal lines, vertical lines, trend lines and placing some orders and many more. i then told him my experience of some days ago and asked him to explain it to me clearly. he explained. i was surprised and excited. after that i started to learn forex and platform operating system. now the mt4 window is no more peculiar for me. indeed now i love to watch it everyday.Quote:
Originally Posted by Anytime
I have written this story because according to me, those who just have introduced with forex trading, have to learn the basics of forex, forex trading and of course trading platform operating system. it is also mandatory to practice trading on a demo account first.
i think its quit good.so far so good but there are few thinks that can ensure the use that how it works.there should a fair number of opportunities so that everyone becomes much more comfortable.
surely all those who do wish to get a forex trading profit, I think this is fair and everyone who does business will definitely aim to get profit, but we must be aware of to get a profit of course we must have good skills in running the business.Quote:
Originally Posted by zahira
we will need a basic knowledge of trading in order to get the results we want in the trading, and we also have to be able to remember that forex trading is a business that has a high risk, so we should be able to anticipate ..Quote:
Originally Posted by bceharun
I personally suggests for those trader who are relevantly new to the forex market should start their practice Demo account to widened and broader their view about complex of financial market. The biggest advantage of demo account there is no requirement of capital to start you can practice applying all the same strategies and plans that would usually use in the real account. So in my view the demo account is the best amongst the new comers.
For a newbies he should follow the rules of this business at first.Then he should follow the expert trader are how to control his trade.And then he should open a demo account in the instaforex broker.And he should trade 1 or 2 month practice on this demo account for know all of option inside the trading.When his confidence grow up auto then he start his trading a real account.
jo bhi new person forex chalu karna chahata ha usse sabse pehle demo ma practice karni chahiye taki demo ma practice karte hue market strategy ka pata chal jata ha aur trading karne ka idea bhi mil jata ha taki real trading ma dikkat na ho.
Manage your risk or minimize your losses you need to use proper money management and its tools. Higher leverage does enhance your trading capacity but losses are higher due to higher lot size and not higher leverage and also in absence of money management.So newbies can use higher leverage but trade in less or lower lot sizes.Quote:
Originally Posted by syedasadsiddiq
Most traders use them interchangeably. Some refer strategy to overall steps taken to recognize and act upon opportunity to trade. Others the other way around. Just see in which context did they said it, overall or minimize your losses you need to use proper money management and its tools.:(Quote:
Originally Posted by xomes