Forex trading requirement must know all!!

[nikam]

Demo accounts help newbies to get used to the forex trade. But expert traders can use demo account trading as the part of experiment. They can try new strategies with demo accounts and see if they work or not. In case of the failure, they don't have to lose any money and in case of success, they can try them with real trades.

[nikam]

Things are true to some extents my friend. Demo accounts are used by traders to get familiar with real trade. It is not possible to go for the real trade until we start trading in demo accounts. We can learn more and more about forex trade through demo accounts and when we get experienced, we can use demo accounts to test our strategies.

[furiya]

you are right, demo account is just for newbies who want learn forex for the first time but we still use it if we have an experiments or we want to test EA (if interested with EA)
so i prefer use real account for my practicing with micro or cent accounts

[jadhav]

to prevent from something wrong or external problem, always used stop loss, it means that when we make orders and then internet connection get the problem, our balance is still safe
i agree with you this is a must

[furiya]

skill and ability are needed by forex so we have to learn every time we can and of course it needs our patience for it,
we can not take a profit with easly or think to get money fast, there are some steps that we have to pass, so we can develop our system and strategies to make a good analysis.

[jadhav]

maybe we can be calm at a profit, but it is very difficult to calm at the time floting loss. let alone close a position with a large amount of loss.
we really need to do yoga to calm down in any condition.

[jadhav]

I agree with you, we need a technology with the Internet connection stable handling,
so that traders can rest easy in the open position.

[furiya]

maybe if the server is busy, we can close positions over the web insta.
have you done? I want to find out information about this further.

[furiya]

in addition to patience, a slow internet connection will also test your patience.
if you do not want a headache when you feel like liquidation but problematic connection,
I recommend to install the sl and tp when the open position.
it can not be in the bargain. mandatory and should be.

[furiya]

yes you are right,
with patient and willing to wait for the price in the right direction,
then half a victory already in your hands.