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Your best Tip for a Forex newbie


abdulla1

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Forex is not as easy as it sounds to be, every individual had to learn the skills needed to make money from the forex market. Yet, the demo account can be helpful in learning the forex processes more easily than any other learning method.

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On 8/21/2021 at 5:54 PM, e_abrams said:

Indeed. I've seen people recommending to start on a live account right away, which is a pretty wild idea to me. Trading on a demo for a little while, at the very least, is necessary, in my opinion.

Never go with a live account if you are starter and instead demo trading is a better idea to be traded for at least a minimum of six months before moving to live trading account.

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14 hours ago, bigxy said:

Never go with a live account if you are starter and instead demo trading is a better idea to be traded for at least a minimum of six months before moving to live trading account.

Very true. And also one should be careful when transitioning from demo to real - the only disadvantage of a demo account is that you don't experience emotions related to trading, so it can be a little more difficult to trade on a real account at first.

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A newbie should practice demo account at the start and then start trading, to become a successful trader you need to learn a lot of experience, management of money, you should learn better analytical skills, you should have better capability of understanding the market trends,Always learn from your mistakes and never give up in Forex.

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