Mai bhe new hoon so really dont know where to start from but i'm very sure that i will learn it by staying in this forum for a decent period and Cowboy demo trade is the right way to start with.
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Mai bhe new hoon so really dont know where to start from but i'm very sure that i will learn it by staying in this forum for a decent period and Cowboy demo trade is the right way to start with.
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.
Newbies should learn about forex trading.there are several ways to learn either from internet or different books.there are many forum for discussion just likhe Indian forum is the best forum to know about the forex.before starting trading ever new commer must be in position of adequate knowldge.
It is true that once when a newbie then you should practice on a demo account, because the best training facilities in the demo account, if we lay waste the account then if we move to a real account with us will find it difficult to control all. And I also agree to use the account as the next stage cent after a demo account.Quote:
Originally Posted by deep
in my point of view newbies should be focus on demo account and continuously practice on demo account even that they feel to trading easily on live account in forex trading. Practice on demo account should be a hobby for them.
boring demo account is true because we are not proven psychology at all, we were given only learning how to observe what will happen when we enter into the market, how the direction of movement by passing mengamatilnya indikataor or candlestick pattern itself, but not denied demo account is needed,,,Quote:
Originally Posted by deep
i think trading in demo is a most for all newbies.just dont try to make money on demo account since it will be useless but only focus on your strategy and see how it will work.and always study on your strategy and use demo only as a tool.demo account will also trade in real market conditions,so you can learn a lot without risking real money.
If you are a newbie then you should not trade with real money at first.. But there are many people who dont like to trade in demo accounts at all.. Then you should trade in Cent account.. Insta-forex already have this option.. :) With a demo account you can trade with the essence of a live account while your loss will also remain in a limited position..
i warn you to be so careful before open real acc. in ForexQuote:
Originally Posted by soumen
you had to learn and make lots of knowledge
learn how to manege your money
how to avoid bad requests in forex
how to avoid losses
HI
First of all you must know little bit about forex market , how its work then you should open a demo account lot of broker giving this
facitlity free of cost do trading on demo account and get some experience about market.. when you trust on yourself that you can good
trade then move on real account.