After getting consistent profit from best winning strategy means that you are able to start with real account. Real account has its own feelings and emotion which are not appear in demo account so try to start with small lots in real account.
After getting consistent profit from best winning strategy means that you are able to start with real account. Real account has its own feelings and emotion which are not appear in demo account so try to start with small lots in real account.
For a newbie, yes technical is more easier than fundamental. However, as you get more advanced and you learn fundamental analysis, you will come to discover that fundamental analysis will give you more profit than technical analysis especially during high impact news events.
It is true that when a trader is able to make consistent and regular profits in demo account and have learned his trading style and different indicators and is confident about his trading that is a signal that he is ready to trade in real account
Making good profit is the indication that one can really jump into real trading but what about the emotion factor which will come into play in real trading. You must train this thing by trading in a cent account for at least one more month.
Making regular profits in demo account is a good sign for any trader that he is now confident and is able to make regular profits from his trades and they can then start to trade from real account .
It is true that all should if we move from demo account to a real account then it should be solidified emotion, technique, and, more important is the mental strength to accept the constraints that exist.Quote:
Originally Posted by 3mala
When a trader starts to earn consistent and regular profits from his trades in demo account and when he is confident about his abilities and skills then he should know that it is the time to shift the focus and start to trade in real account.
The moment a trader is confident about his trades and starts to get regular and consistent profits in demo account , that is the time he can shift his focus and can start to trade from real account.
if the trader have made a choice for strategies, then they can contine to learn with using real account and with it then they will know the real condition and also get the experiences for trading psychologies, try to keep survive with a little capitla is good then they will learn how to make it stable or grow it..
the trader will make choice for this, they will take the suitables strategies and methods for them, technical analysis or fundamental analysis,
they are some advantages and disadvantages from them then they just take for the risk and begin open position after they get learning and practicing