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Thread: Forex Beginners

  1. #1
    Abu Salam is offline Banned
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    Default Forex Beginners

    The beginners should learning it a common thing , your learning process will be valueless until make sure a great place for practicing practically. Demo account can be chosen for that.

  2. #2
    Fin Candy is offline Banned
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    Any Forex strategy should develop after passing sometimes , regular practice in demo only the way to develop your trading strategies performance.*

  3. #3
    Angel candy is offline Senior Member
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    Every newbie must start with learning from very basic so that he can have idea of what he want and how he is going to perform for it. Without knowledge you can do nothing.

  4. #4
    Dinh is offline Junior Member
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    Sure, it all begins with a demo account. If you invest real money as a new trader, you can kiss it goodbye. You will always lose it.

  5. #5
    FTS
    FTS is offline Junior Member
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    For sure it is better to start trading with demo account to avoid substantial losses caused by lack of experience. Many newbie traders think that they should start trading on real account as soon as possible to earn money, but it is a great mistake. During first year of trading thier main goal would be not to earn a lot, but to learn a lot. Most of the retail traders are not financial professionals, so they need to get strong understanding of the markets first. So, it will be better to start with learning market fundamentals and trading on demo account to obtain some basic skills that will be necessary in future. This will help trader to be prepared for trading on real account.

    At the same time,traders always keep in mind that they use paper money while trading on simulated account. That is why the first unexpected issue they could face on real account is the impact of psychology, including greed and fear - the most common emotions for trading. In such case it would be useful to start trading on real money with cent account which creates feeling close to real account whiel possible losses would not injure substantially trader`s initial deposit.

  6. #6
    Angel candy is offline Senior Member
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    First gain knowledge that what are the concepts of the market and how they work. The basic knowledge of the Forex is must after that newbie can join demo account for more information.

  7. #7
    Lady C. is offline Member
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    We need to start not with trading, but with testing historical data. When you look at the charts and study the history of the behavior of currencies, then maybe you will have ideas on how to trade. At first, of course, trade on a demo. The first years 5.

  8. #8
    Angel candy is offline Senior Member
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    We have to start with demo trading to test our skills and knowledge that we have learned with Forex. Without demo, newbie should not start live account with big amount for trading.

  9. #9
    Ajes is offline Junior Member
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    Quote Originally Posted by Lady C. View Post
    We need to start not with trading, but with testing historical data. When you look at the charts and study the history of the behavior of currencies, then maybe you will have ideas on how to trade. At first, of course, trade on a demo. The first years 5.
    5 years is too much to spend on a Forexchief demo account. I did demo trading for 4 months, then live account with a no deposit bonus offered by same broker for another two months. So in six months I learned and practiced on demo and live without risking a dime.
    Last edited by Ajes; 08-29-2019 at 10:53 PM.

  10. #10
    Ixbone is offline Junior Member
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    Quote Originally Posted by Ajes View Post
    5 years is too much to spend on a demo account. I did demo trading for 4 months, then live account with a no deposit bonus for another two months. So in six months I learned and practiced on demo and live without risking a dime.
    your account is a free lunch for pros
    Last edited by Ixbone; 08-20-2019 at 01:46 PM.

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