A newbie should concentrate on building a strong foundation by learning and practicing before thinking of making money. Once you’ve sharpened your skills you’ll definitely make money, but many traders rush towards starting on a live account which costs them heavily.
New traders often make the mistake of spending a lot of time on demo trading which can set unexpected standards in their minds and makes it hard to adapt to the real market. One should only spend a few months and then shift to a real account as soon as they think they have learned the ins and outs of the market.
A mewbie should do some practice over demo account to start building your career in forex and you must know what is forex and how to start before creating a trading account with your broker.
After practicing initially on a demo account, you can even start using a micro account. As you will be using your real money to practice and trade, you will get to know more about your self-control and emotional involvement. You will also know more about the live market so that you can plan your future moves.
After practicing initially on a demo account, you can even start using a micro account. As you will be using your real money to practice and trade, you will get to know more about your self-control and emotional involvement. You will also know more about the live market so that you can plan your future moves.
Ignored
The main thing is to limit yourself. This is where you learn discipline.
New forex traders should understand that earning starts after learning. You can’t reach the earning part without understanding how the market works. Focus on learning and trying different strategies on a demo account, and notice your mistakes, because this is how you improve.
New forex traders should understand that earning starts after learning. You can’t reach the earning part without understanding how the market works. Focus on learning and trying different strategies on a demo account, and notice your mistakes, because this is how you improve.
Ignored
agree with your condition , no doubt but honestly speaking the learning approach can be useless if there is no regular level of practice , so we the traders should focus on there besides learning.
