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Irdab
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The main reason is the psychology of the trader which is different while trading on the demo account and while trading on the live account. Losing your money in front of your eyes can make you panic somehow and lead you towards the wrong decision on the live account. -
I love Forex only because it is a place where I have all the powers in my hand to take any decision at any time. It is thebest job for the people who want to earn money on their own behalf. An entrepreneur is always a great trader and I took a lot of inspiration from entrepreneurship!
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Do you know how electric bulb was invented? It was invented after 1000 trys. Every failure has a lesson for you to learn firmly. You need to get success after gaining experience from losses on the Forex market. Stay stiff and sticky towards your job!
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You can live up your dreams via trading your money on your own behalf. But it is a long lasting and long term job to fulfill your dreams as every dream comes true only due to the hard work and shear devotion. You need to work with a goal to achieve on any cost. Stay blessed!
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A broker earns money from the spread, commission, and swap as these are the fundamental entities to take some part of your money while trading by the broker no matter you win or lose. So, you need to choose a broker who offers relief in these aspects. Choose well and stay blessed!
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I'd like to try trading with crypt with a forex broker. I'm sizing up TenkoFX. I've heard that this broker has implemented the crypt process well. Is it true?
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Why traders love the forex market? Why not? Forex market can change your fortunes in a single day. The adrenaline rush makes your body go wild. You can become rich just by sitting in the comfort of your living room. Why do you love forex market? Share your experience in the comments.
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I have a mix experience regarding forex market. I have learnt that forex is a very complicated and volatile place. I also learnt that forex can change your life whether for worse or for better. But i knew the risks involved in it before entering this world.
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Demo trading is different from actual trading because there is no risk from losing real money. You can trade carefree and with freedom. In real trading, the environment is complex and there is risk of losing your money in the back of your mind. Post us the differences among them.
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There is no guarantee that there will be no loss in forex. But there are few tips which can help reduce this possibility. Always trade with a reputed broker, keep a low spread, don't invest at a volatile time, analyze the trends of the market and trade with senses, not with your emotiions.
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The best thing about forex trading is that you are your own boss. You can invest hourly, daily, weekly, monthly or even yearly. But if you want to make forex your full time profession, then you need to remain active in the market. You need to analyze the market ccontinuosly.
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This is a tricky question that normally comes from newbies. You have control when you want to invest in the market, when to pull out, how much to invest. But you have no control of how the market will perfom or the parametres that effect it.
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Losing is a part of life. Success and failure go hand in hand with each other. They test a man's character. Hardships test what a man is made up of. Remember to succeed in life, you must learn how to fail. Please share your worst experience of a failure.
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how much time we should spend in demo before going to live trading
Irdab replied to Levie's topic in Forex General Discussion
There is no fix time that you should spent on demo account trading. Demo trading helps you to perform trading without the risk of losing actual money. Demo trading has the same atmosphere as the real one. My advise for newbies is to beome experts in it first. -
My best tip for newbies is that be emotionally and psychologically prepare for a bad investment. There will be many rainy days in forex. You should not let these days disturb your life. Comment any incident that made your life miserable.