The only thing you will gain from a demo account are experience and confidence.Without demo account traders can not gather knowledge of real market trading. Of course you can take part in forex contest and competitions (with demo account) and get real money prizes and bonuses for live trading.
I agree with you guys,trading system and strategies are the most important aspect of trading.You should develop your own strategies for every possible market situation if you want to be a successful trader.
As I mentioned before ,there are pros and cons associated with both fixed and variable spreads,with us making a choice based on our experience and our trading style we wish to use
Using fixed spread to trade is cost effective,especially when you are trading in volatile market conditions.Maybe fixed spreads provide a more predictable trading environment for a beginner, but i believe variable spread accounts offer to traders better value for money.However, it depends on...
I would recommend to you to trade with a demo account.You can get some trading experience from it.Also forums are great source to learn forex. But i believe experience is the best teacher.
cTrader is a good choice for newbies.It's easy to start practicing using that platform.
Thanks for your help guys.
I've opened demo accounts with both mt4 and ctrader to check both.I agree with myfxpt, ctrader is far more user friendly .So simple and easy to use than mt4 .
But many people believe that lower time frames should be avoided by newbies.I believe when you trade the higher time frames you get a clearer picture of what is really happening in the market.
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