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Success in forex is not easy, because to be successful then we need to learn and practice many trading well so that will make us able to trade with the maximum. Successful traders are traders who continue to improve good trading by trying to follow a contest or demo trading with a demo account
To be successful not only the ability but also spirit to not give up and do not stop trying, as well in forex trading, profit and loss are an integral part of trading, if we gave up after a loss then we will never feel the success in trading. Almost all traders ever suffered losses, and many of them give up, but not a few who continue to develop the skills and find the best strategies to be able to earn profit and minimize risk, and then reaping the rewards of trading forex.
to be successful in forex trading is not easy because forex is a business that has a high risk, if we want to become a successful trader then we need to learn and practice many trading well, we could use the facilities of a broker to learn trading
Most successful traders have made money from trading a limited number of currency pairs – sometimes only one. The reason is predominantly that to be really good in a pair you have to focus a lot on the two currencies in question, the economics they are related to, politics, technical indicators and sentiment factors that influence the currency. This is not something you gain from catching headlines. You have to go deep into the material, developing a proper understanding of what is going on in all relevant matters
learn, learn and keep learning and trying to discipline is the key to the success of a trader, therefore we need to learn and a lot of discipline if we want to succeed. we can use demo accounts to learn trading or demo contest
If we want to be success in this forex trading business then we have to be able to do it. Not only to get profit, but also to avoid loss from our trading activity. For a beginner, demo trading account like what provided by IV Brokers is a facility that need to be used to prepare our trading skills before we trading with real trading account.Quote:
Originally Posted by gaban
Yes of course, we need to use a demo account well, with a demo account make we can exercise our trading skills So it will be more profitable. Therefore we need to use it well. To be a successful trader it is necessary to use a demo account with either
A demo account is good for traders who are new in forex. They can get trading experience using demo account and it will help them when they use real account. I think they also should try trading using real account to test their psychology, because when we trade using demo account, our psychology is not be honed, in fact they are traders who are failed because they did not have good psychology.Quote:
Originally Posted by gaban
yes, for newbie demo account is the best place to learn trading. with a demo account then we will be able to manage capital well and therefore we have to use demo account properly for the demo account will enable us to add to the experience of trading. the experience will make us successful in forexQuote:
Originally Posted by Uncle Gober
Ive made some money trading forex..heck even left my job. First learn the basics such as fundamental and technical analysis then it stops being a gamble.Personally i use technical analysis as its based on past events not future events. If you could win 80% of trades then your in the money easy. Get a demo account at one of the fx brokers online then use this free indicator here; http://goo.gl/YZsYmA . It has up sells but it will help. All the best