The replies by the seniors that I seen above confused me.I am a newbie here.It is not clear to me that I should go for demo account first or should open a main account.(I don't have too much dollar.)
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The replies by the seniors that I seen above confused me.I am a newbie here.It is not clear to me that I should go for demo account first or should open a main account.(I don't have too much dollar.)
Forex trading is for beginner, to know about Forex strategy, news, indicators and personal settings then use the demo account. If he gets success in demo account for at least six months since he register a real account and invest it.
start reading books on forex trading introduction.
start demo account and trade in it at least 2 months .
only enters in real account if you were making daily profit in you demo account.
never invest more then you can lose without losing your conciseness .
never make a trade after losing one or when you are emotional.
if you are follow these points i am sure you can raise your chances of success.
The decision to start trading with a real account that can answer that only You own. If you already have a good strategy and able to control emotions better, then you can step into a real account. But maybe you can start with a small capital first.
This is only the given condition that we can decide to start trading using our real account, otherwise if we don't have a good strategy and experience, we shouldn't bother ourselves to start trading on real account. We should continue to trade on demo account till will have enough experience and skill.[COLOR="Silver"]
newbie trader should begin practice on a demo account for several months to be able to get consistent profits ...
plan and use your system on a demo account because you will not lose money if you get a margin call on a demo account
For the beginner should practice in a demo account when he became expert and get more profit in a demo account .Then next step is trading with real account.