For Beginners, How to Start Forex Trading??

[shahzad0able]

pls anyone over thr tell me should i use demo account or cent account b'cos i am in dilemma after seeing all post. somebody says demo account is good n somebody says cent account is good n somebody says investing some money n starting a real account is good. currently i am using demo account. i am a noob about Forex.

If you are totally a beginner then you should start with demo accounts to learn how to make trades/place trades. just to get a hand running on MT4. Open close charts, using and inter changing different time frames. Use demo for a month and then make a cent account to trade on that. You will get much learning from cent-account than a demo account as far as trading is concerned.

[aniket]

pls anyone over thr tell me should i use demo account or cent account b'cos i am in dilemma after seeing all post. somebody says demo account is good n somebody says cent account is good n somebody says investing some money n starting a real account is good. currently i am using demo account. i am a noob about Forex.

[nsawork]

This is good advice for new comer who wants to start forex business, I also advice them to start from demo account and also take part on instaforex contests weekly or monthly because these contests build up their courage to win the compitition.

The main advantage that the new traders are having is that they can start the trading with zero risk from the money made in the forum postings.

This also gives them the chance to learn ans well as earn and then they can be sure that with the passage of time a new trader would become an experienced trader soon.

[100c�]

yes brother, i think that the right step for newbie to become a pro
from demo go to cent account, then standard account, finally on ecn segregated account and if good enough become a market maker, what a dream, i want to be like that

This is good advice for new comer who wants to start forex business, I also advice them to start from demo account and also take part on instaforex contests weekly or monthly because these contests build up their courage to win the compitition.

[ketan]

yes brother, i think that the right step for newbie to become a pro
from demo go to cent account, then standard account, finally on ecn segregated account and if good enough become a market maker, what a dream, i want to be like that

[Ronak]

in my point of view an trader need two things in trading and that are paitence in trading and other is avoid greediness in trading if we do trade with paitnece we get maximum benefit

yeah..u r absoulately right...most of newbies faces this two problem.because they want to be rich overnight ..and taking more risk to fullfill greed so firstly try to develop skill then after we can get good result

[vikas]

I am afraid that in demo account a newbie cant learn the basics of controlling emotions which is the most important factor for losing in forex.

Exactly correct . your thinking is very good and if anyone go ahead like such then it will be more good and there will be less chance to huge because we are going to step by step .

[vikas]

i am also agree with this vision because demo is the primary things for newbie trader and without demo how he learn the basic of forex. anyway only demo can give much experience without any fear of loss but when there is no real money involved then its better after a period of demo to shift cent or micro account.

[DK.nord-fx]

forex trading shuru karna k liye phele demo account se sikhna kafi fayademand rahaga . Demo account se bohut kuch sikhne ko milta h jaise spread,tak profit,stop loss or kitna upper soda kata etc jo Real account kholne pr bohut helpfull hota h. ye to sab janta hi h k ek untrained and trained bande m difference hota h

[vikas]

han aap ko forex learning webiste say bhi kafee help mil saktee hay aur forum say bhi. Wasy aap ko koshish karna chahoye kay jis cheez kay bary main aap ko naheen ilam is kay bary main forum par question poochain ya new thread par discussion shuro karain.

ya its true about ******** and think every newbie trader must go there and there school is really very good to learn step by step but need patience to learn every stage . anyway this forum is also good specially live trading discussion section when experience traders are discussing there .