- May 27, 2016
Hello everyone! I believe, that trading requires some experience for sure...But when you are training with demo acc - the emotions are not real... =)
As with everything in life, we ALL begin somewhere, as trainee's, and develop our skills over time. In my opinion a demo account serves the purpose of getting familiar with the trading platform, order types and placement, market dynamics, and testing what we learn. It can help with our emotions to some extent in terms of knowing the likely outcome of the strategy we have chosen to trade, and this goes a long way towards limiting trade entry fears when we begin live trading. If our strategy has produced a 75% win rate to date, then it is likely to produce a 75% win rate into the future, so we expect some losses along the way but overall we can expect to profit. But of course, we just don't know how we are going to react until there is real money on the line, and we are facing a real loss. Will we be tempted to move our stop-loss? Will we be tempted to close out early? Practice first, then learn to trade!Hello everyone! I believe, that trading requires some experience for sure...But when you are training with demo acc - the emotions are not real... =)
I don't agree that it's just buying and selling with no strategy. If everyone on Forex traded with no system, it would become a total chaos.well. it doesnt require experience, it's only about placing buy and sell orders
but as you want not to lose money at first and then to earn profit and keep your profit stay safe.
practice make you gain experience as time passing.
That's why I ask questions here. I think that experience can come only when you analyze the info by yourself and combine it with tips that professionals give you. After I have enough info, I can implement knowledge into practice.Everyone needs experience.
I advise you to find a mentor, cause it's always easier to make your way with the help of an experienced teacher, than to do everything by yourself.