Search results

No definitely not and I strongly advise against it as it brings its own negative emotional baggage. As they say only risk what you can afford to lose

This is the mindset of a scalper maybe? I leave my emotions at the table I like to feel calm and stress free as possible. Aggression has little place in trading

Absolutely a positive mindset will help you on the road to becoming a successful trader . Throw in a positive work ethic and your on a winner

It gives a good grounding when you can make successful trades on demo . Sure it lacks the emotional side of trading but the practice is hugely beneficial

True it can't mimic the live trading mindset that comes with your own capital on the line . If you can't make money on demo then you won't do it live

Yes it can be . Depends on your monthly outgoing expenditures etc . Also your account balance trading style RR on trades

I was in a FB group it was well moderated . There were a few traders whom offered help mostly by way of pdfs chart analysis etc That was a big help just to be pointed in the right direction

There's a few factors to consider. Assets to trade spreads commissions withdrawals speeds . Trading platform available Support is a big one . Leverage the list goes on really

Joining up to forums like here is a good start . Also Babypips Forex.academy and Forexpeacearmy are full of free trading content. Lots of free content on YT also. Demo Demo and demo some more it's a risk free way of learning the art of trading. Good luck

Literally just signup to a reputable broker or one that suits your trading requirements. I always advise new traders to stay on demo for at least 4 months until they can master 1 pair with 1 strategy

Very well put my man. The get rich quick really bugs me and is the curse of new traders whom have potential but end up trading out of greed

Most people start on a mini account and venture to standard. As for Institutional well done to anyone that makes the transition

I do this part time along with part time or casual delivery driver. What's great is its all on pallets so I have time in the depots to do trading related stuff. No lifting mostly driving I like been PT and I do the weekends it's better pay

It's much.less so now . Starting of I found it hard to grasp margin requirements , calculating pips Sell limit Sell stop etc It does get easier it's practice practice practice

As others have said its s great way to get to grips with a new strategy and a new broker also. You can fine tune entries exits etc Also thd data feed may not be as accurate but it's quite close

I still to this day use demo accounts for fine tuning or adjustment on my strategy. I can't stress the importance enough so much so other people point it out to me lol

Spreads and commissions. Support I feel is important some are 24/7 some ordinary business hours. I like to trade Crypto so that's a factor for me maybe not others . Available asset classes the list goes on !

I'm like a record on repeat talking about the importance of demo but I feel quite strongly about it . If more novices stayed on demo for longer there would be more successful traders

Number 4 stay on demo . It's a risk free way of learning your craft . Backtesting your strategy to see if it has an edge . Maybe study the basics again it's no harm we've all been there

Hi there Sammy ! Welcome to the forum lots of friendly people here and trading content to digest all of which is free