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    Thread: Newbie should read this!

    1. #51
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      Yes newbie will follow this strategy and do practice in demo account forex is a risky business mostly new traders will show greed and depends on luck this is not a business of game its a real business so new trader will do practice at least 6 months and then trade in live account.

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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.
      True. Demo account plays very important role. It is one of finest way to learn trading. No need to invest capital. In demo we get some virtual capital with that amount we can trade and innovate trading strategy and also can gain experience. Demo is like master for newbies. Newbies can remove their fear and can learn how to control emotions by trading with demo account.

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      This is an important trading account for every beginner in the market. It helps you gain experience, skill and good training, and you can apply your strategy to a trial account before relying on a real account. Training is an important element in Forex trading to achieve success at the end.

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      yes the demo account is created with the opportunity to learn in mind, for those just coming into the currency market or the forex market as millions of people call it , then its a must for you to trade with the demo account first before coming into the real account because if you do not do it that way you are likely to get your hands burnt quickly.

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