To chose the best strategy, new trader must trial several strategy in demo account to know the strong a then you can make mistakes if you trade dierectly in real account but The new forex trader should firstly keep patience as if All these strategies help the traders in studying the patterns of currency price trends and movements, making it easier for them to foresee the course of the potential developments in the Forex market.
---------- Post added 11-17-2013 at 10:28 AM ---------- Previous post was 11-16-2013 at 03:49 PM ----------
It will help them to learn real trading and to get real experiences and to understand the trading psychology during their trades as first of all gain knowledge about forex and do practice for at least 2 months on demo account and do not be greedy while trading, A new trader needs to understand that the forex market is not her bank account where she can just go and withdraw money therefore care should be taken when opening a trade.