Adapt yourself first in forex trading by learning how to operate MT4 (trading platform), then you may improve your trading system by reading some useful articles from HiWayFX...
That's why they need to gather another knowledge and experiences in demo trading, improving their trading system and building up their trading mindset.
And then it would be easier to do trading forex after acquiring some experience and knowledge about this business. As long as we're willing to learn and experience the struggle of this business, we don't need to worry about the difficulty of this business...
Whoa, sir! Did you experience about this before?
Technically, both demo and live account is same. But what makes it different is sometimes the broker manipulating demo account so we feel that our trading performance was lot more better than our trading performance in live account.. Gotta be...
Agree! Both strategies are good for day trader, but it depends on the trader itself. I've seen many newbies were trying scalping as their first strategy, but most of them were not survive in 5 days and moved to another trading strategy...
Man, are you really ready to learn about forex trading and understand all the risks of this business? If you really are, go to babypips. It's a good site that provides you with lots of forex educational content...
It's a psychology things when you feel no worries of losing some funds in demo account. You may train your trading psychology (incl. ego and emotion control) when you feel ready with your trading skills by starting a live account with some of your unused funds.
My first demo account was blown due to uncontrollable ego, the second one got blown due to lack of analysis. Now, I'm handling both live and demo account. Train any technical analysis and apply it later on live account. The real emotion control is on live account because you're trading with your...
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