When you are ready to analysis charts fully and know that how an indicator works, what are the basic things to trade. When you fully understand the market movement and different strategies about forex, you are ready to move yourself to live account.
When you are ready to analysis charts fully and know that how an indicator works, what are the basic things to trade. When you fully understand the market movement and different strategies about forex, you are ready to move yourself to live account.
I also agree that it is better for us to trade when we are confident enough that we can make constant profit on our trading account then we can start trading. Forex requires patience and time for us to be able to trade successfully without patience, we won't be able to trade the right time, we would take risk to trade any time even if we don't have a clear signal.
Well the point of fact is this you have to take chance what you have learned from the market. Before you are not applying your strategies in the market you cant eliminate your mistake and you cant evaluate that your information is capable enough to deal with real market or not. So it is better to get all the important stuff and avail the best possible knowledge about the market then start trading that will minimize your possibility of loss.
i am trading in this market for one years and i did trade in the demo account at first , After 2 month of demo trading i can realize that i can trade in the real account now but when i did start trade in the real account i did not control my emotion and gave huge loss here now i am doing profit from this market.
i think beginners started with demo first but some new traders gain 2x or 3x within 2 days then they are thinking they can make huge profits and deposited and then lost in real.so need patient,cause this is the key.
i'm fit to trade real account when my show is healthful enough near trading in six months.i make to get careful the power and the powerlessness of my strategy can be identified as soon as conceivable.
I agree with your opinion sir, it is true we do business in forex trading we should not keep the emotion and the nature of greed that will lead to greater losses. if we are to succeed in forex trading business then we must be diligent in studying and developing the capabilities we have with the way we learn with senior traders.
mare hisab se demo account main tab tak trading karo jab tak market analye karna na aa jaye.or market kaise response karenga when any news came .if do this thing easily then you ready for real account.i start both real and demo account at same time.doing trading in both account.