Important topic dear members in this forum MT5 discussing it with you and I have the honor to know your opinion on the best choice, either a teacher or Forex demo account in the currency market Each has its advantages and disadvantages
laggard888 (01-28-2012)
I think my teacher has a very important role in guiding me so far. I am very grateful for the knowledge and guidance during this time. So my teacher is a very meritorious.
Then for a demo acc, acc demo in my opinion also plays a role in educating me. many failures as well as the process that I live on a demo acc until today.
Teacher/mentor and the demo account are different concerts. they have a different functions and they are equally important in forex exchange trading.
BeachBird (02-29-2012)
Forex is the place where only experience can be counted as your teacher. Teacher can only teach you the strategies they have used but in real market you have to develop your own strategies and it can only come up through experience.
i would say a demo would be good to practice but a teacher can guide you about how to get started. I would say as long as you get the basics from the teacher, then a demo would be good for later.
we can't be real traders with only one of them, both of them is very important, and what you learn in a year you may learn it in a minute from experts, but there is a things that no one can learn us, like money management, they may learn us but we won't believe if we didn't tried and felt what does that mean
i think the both of them
you should learn from teacher and try your self in demo account
but the teacher is better
i hope i helped you![]()
I think both would be beneficial to enhance your trading skills, but at first i think it would be best to practice on the demo account which is free and learn as much as you can and then after that the teacher can come in and further develop your skills especially if he/she is a real forex expert. The disadvantage i think for a demo account would be that you wouldnt have human interaction as you would with a teacher, but you still can learn, the disadvantage with the teacher is maybe that you will have to pay them but it could be a good investment if their lessons are valuable to you, but yea if you have both i think it would be best for you.