mayx181992 , aapne thi kaha ha sir. naye logo ko demo trading karna chahiye. demo confidence barhata ha.specially experience bhi barhata hai.agar experience and confidence na ho to trade kaisa kia ja sakta ha?
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mayx181992 , aapne thi kaha ha sir. naye logo ko demo trading karna chahiye. demo confidence barhata ha.specially experience bhi barhata hai.agar experience and confidence na ho to trade kaisa kia ja sakta ha?
Some people say that a demo account is boring that you should start first with a cents live trading account. I have this to say. A newbie needs to train his trading psychology if he wishes to stay long and succeed in the forex market. The first way to do this is to win consistently on a demo account, this way you already have a winning mentality as a beginner. The next thing to do is to invest a little amount of funds in a cents account. This way the money is not too important, but you have the feel of trading live because you make real profits that you can withdraw. When the trader has been withdrawing real profits he is encouraged to invest more funds in a standard account. At this point, his trading psychology is able to handle floating minus positions.
naye log instaforex cent account use kar sakte ha aur wo log demo contest ma hissa le sakte hai. contest ma maja bhi ata ha and enjoy bhi kar skte hai.uska saath saath bohoot fight and challenge hota hai jo trading experience k liye important ha.
If you are a thinking of earning from forex, I would advice you to follow the below things step by step.
1. Learn what is forex trading from Wikipedia and other websites. You need to know what is forex trading. Before knowing about Forex you should know how money flows in the market and why certain things happen based on political and economic factors, one first needs to understand how the markets are structured.
2. Open a Demo Account with any forex broker
3. Alongwith Step 2, make yourself aware of basic forex terminologies like currency pairs, spreads, lots, pips, etc,
4. Play with Demo account so that you get hang of the tool navigation.
5. There are many useful websites like this website which will help you understand the above plus forex strategies.
All this should keep you busy atleast for 30 to 45 days.
After you are done with basic forex learning, you should have some money for investment 100 or 200 USD should be sufficient, and you should have a reasonable target to make money every month depending upon your investment. Initially go for least lot size. Be patient, No greed please. Try to keep loses low as much as possible. Concentrate more on safe guarding your investment than making huge profit initially. You need to have good money management, discipline.
You cant learn forex in a day. Its a continues process of learning. Be Patient, have a reasonable target. Think of it as a long term income. Learn fundamentals and technicals, follow the market news, reports, etc.
Cheers !
isma koi doubt nehi ha k forex trading starting time ma bohoot tuff hota hai and muskil hota hai.ledkin jaab sab kuch ek traders or newbies sikh leta or acche tara samaj ne ka bad koi paresani nehi hota and naye log dheere dheere sab kuch handle kar leta ha. and then accha paisa kama leta.
Forex is the best business in the world but at the same time it is also the tough business so in the start every trader should learn the forex trading and should trade in demo account as much as possible. Spending more time in learning is the best way to start forex.
yes i also agree with your opinion sangt, how not plunge into the real before its demo should really know so do not be surprised when plunging into the acc really memakia real moneyQuote:
Originally Posted by bhanu
if not go to a real system we should punt that we can practice on demo
begin learn from the basic step by step and never think to jump to another step before you can master it ( you can find some information with browse or else )
learn to control the emotion with learn and practice with discipline and patient and make it as your good habit then you will bring it at your real account
always motivate yourself and positive thinking
manisha mam , bohoot log ha jisko books parna bilkul accha nehi lagta aur boring lagta hai.us logo k liye to ebooks or websites se knowledge hasil karna muskil hoga.ledkin mera hisab se hum naye log ko forum ma welcome kar sakte hai.keu ki forum se sab kuch skih sakte ha.