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ji han mein naye traders ko encourage kar raha hn aajkal aur mein sakhti se unko bataon ga k pehle demo karo baad mein enter karna is business mein aur zaroor tum ko baad mein is baat ka hi faida ho ga kj you can enter in live market at right time and this is very important decision to make when to enter in market and when to stay away from market.
patience bahut hi zaruri hiotah ai trading me aur patience ke bina aap forex me sucessful nahi ho sakte
kayi bar tarers deals close karne me 4-5 mahine laga dete hai..lekin bina patience ke ap itna time nahi laga sakte forex me
patience aur emotions pe control karna bahut zaruri hota hai
Yeah its the problem faced by all when shifting from demo accounts to real accounts. They find it hard to cope with the emotions while trading with real accounts which is almost absent in demo. so i would always insist to learn with a small real account in order to stop wasting time
very well said bro i loved this thread pretty descriptive money management bahut zaruri hai analysis bahut zaruri hai and haan har koi succesful trader nahi hota to kahin na kahin traders yeh saare requirements meet nahi kar paate aur money lose kar lete hain magar there are other factors as well
yes friend i am agree with you . money management , analysis , leave emotion , control ourselves etc are most important factor in forex and without its its not possible to becoem successful . there is one day it may profit without such but one day there will be very high loss if we dont follow rules.Quote:
Originally Posted by nitintripathi
ya forex is a very good source of earning money.but for earning profit initially you will have to do hard work and after acquiring experience and knowledge then you can earn lot of profit
ya demo account is very useful for learning basic knowledge about forex.if you earn regular profit in demo account then you can expect profit in real account.but it is not neccessary that you will earn profit in real account too because real and demo are different.emotions in both of them are different
you are right, demo account is just for newbies who want learn forex for the first time but we still use it if we have an experiments or we want to test EA (if interested with EA)Quote:
Originally Posted by hetal
so i prefer use real account for my practicing with micro or cent accounts
yeah i agree with you. but many trader easy to say to doing money management and control ourselves but in the real we feel so difficult to do it. i think we need more motivation by ourselves and have realize what the objectives to be achieved in forex trading. we must thinking about our goal and when in the process certainly we will faced a lot of problem, so learn from that and make it the good experience from that. also we should routinely to evaluate our trade whatever the resultQuote:
Originally Posted by vicky
risk management comes above everything else, no amount f\of forex education or technical or fundamental analysis will help if your risk managemewnt is very poor, ofcourse other factors do matter but not as much as proper money management.