Originally Posted by guru000 View Post
that's because when you start any business you have to know everything about it that makes you do all the right things to grow your business together in forex you have to take cousres to know everything about it to avoid losses and also make profits and if you do not take a course, you will face many obstacles in direct trading and you will always get failures and losses so you have to be a professional that will occur after training through the course and in my opinion, no trader can trade live because there are many they must learn before trading. Everyone must practice it with a demo account to find out the basics. By trading on the demo he can gather a lot of knowledge about forex. They will learn that market value, emotions, greed, patience are important to them. Besides that they cannot trade and may lose profits.
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Yes, practicing on demo is a must and even though the results on a live account vary significantly from a demo account and emotions are involved in a live account but practicing on demo account is the closest thing we have got to trading on a live account. It's not perfect but it's very important that we use it before going live.