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    Thread: Newbie should read this!

    1. #1
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      Default Newbie should read this!

      Demo account plays a vital role in trading currencies, some says it is a foundation of success. The real essence of a demo account is to make us familiar about the tools and trading instrument to be traded. It's kinda gift from the broker. Lot of newbies eager to open a real account without having experience trading using a demo account. Nobody succeeded without it.


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      Yes, I agree with you. I believe that all newbies need to use demo account because only demo account can build our confident in handling the platform. I also do not deny that newbies will be so eager to trade in real account. This thing newbies must remember not to do because you will incur more losses and failures if we do not gain enough knowledge and trading experiences.


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      yes i'm also one of many trader who think demo trading not really help me on trade, because in demo trading i cannot have any emotion and the main problem in trading is emotion controling so demo can be use only for strategy tested
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      Yeah demo account roles is just to make the new people to be familiar with all the common terms and also the functions of each button in mt4 metatrader software. After the traders have already made themselves clear with all the functions, then they should proceed to the real live trading by investing a minimum amount of 10 US Dollar in cent account so that they can feel the different between trading in demo and the live account.


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      essentially demo account is for newbie,and also expert trader can try some strategies and some technics in the demo account,the demo account is the ideal place for having a good training for free


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      Quote Originally Posted by caitlinkhan View Post
      Demo account plays a vital role in trading currencies, some says it is a foundation of success. The real essence of a demo account is to make us familiar about the tools and trading instrument to be traded. It's kinda gift from the broker. Lot of newbies eager to open a real account without having experience trading using a demo account. Nobody succeeded without it.
      Don't overestimate the importance of demo accounts though. They are great for starting out and getting more familiar with the markets, but as soon as possible you should be latering to a real-money account.
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      newbie should acquire all knowledge regarding forex trading business because without this no trader can progress and be successful in forex trading business.demo account is necessary for forex trading business because it gives maximum chances to practice real trade.


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      Quote Originally Posted by CH-uMAIR View Post
      newbie should acquire all knowledge regarding forex trading business because without this no trader can progress and be successful in forex trading business.demo account is necessary for forex trading business because it gives maximum chances to practice real trade.
      I think so , but its not always happen in reality , cause beginners usually always want their expectation can be obtained in a short time, and I think it is the commonly wrong mindset for newbie, We must think that it is hard business to succeed in a short time. For that forex trading will require greater patience for learning to have a lot of knowledge than other business


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      we all need to be mindful of the amount of time we spend with the practice of the demo account, if we do not do as much as it is required of us , we tend to loose the essence of the invention of the demo account-which is to make us learn and familiarize with the Forex market.


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      Yes it is always very necessary for a trader to start the trading with the proper demo trading and we can become successful traders with the help of demo trading.Trading is never difficult for a trader if he is going to start the trading with the demo trading.


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