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Everything posted by gaban
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Yeah, demo acccount is not only for beginners, but for all traders. Even an expert trader also still use this account to test their strategy and make practice routinely.
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Yeah, they have to learn and practice with demo account until they can understand the basics of trading, so they will be more ready when trading with real account.
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Forex or Foreign exchange is the buying and selling of currency pairs with a view to make profits. We have to Learn and practice Forex trading. We must have choose broker which provide service for us. we have to search review about the broker in forex forums or other sources. We have to be careful when choosing broker if we don't wanna get scam broker.
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Right, getting profit is easier than make it consistently. We must discipline with our rule, discipline when apply money management, and don't be a greedy trader. Yeah, trading plan, a trader must have trading plan so their trading will more directed.
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don't mix between emotions and forex trading
gaban replied to rockstar's topic in Forex General Discussion
Very dangerous if we are trading with emotions that are not controlled, because that would make us not going to get what we expect. We must control our emotions when trading, don't be greedy, it's very harmful. -
Open a demo account and learn how to operate the trading platform and trading strategies for unlimited period of time and absolutely free. Even having no idea about FOREX market you can try yourself as a trader on demo account. Despite the fact that all trades on demo accounts are virtual, you have exactly the same conditions as on live accounts. On a demo account you can open and close positions as if you are trading on a real Forex.
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Start with demo account first then we can start real trading by small amount to feel the atmosphere in real trading. Or we can utilize no deposit bonus from our broker to start trading with real account.
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We do not have a loss to be successful, but I think, no trader who never get a loss when trading. We must address this wise, positive thinking that this is a valuable lesson for us to be able to become a better trader.
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Forex as a business Do you take forex trading as a business?
gaban replied to ellliottt's topic in Forex General Discussion
Yeah, it's good business and we can earn profit if we can understand about forex, learn well, understand well, and do well. -
Can no deposit free money help you achieve success on forex ?
gaban replied to kaito kid's topic in Forex Newbies
Yeah, don't mention it. We are here to share each other. InstaForex have many members and from time to time is increase. Don't forget to start trading with demo account first. Good luck, danielle27. -
why many people see forex trade as gambling?
gaban replied to rockstar's topic in Forex General Discussion
Yeah, forex is not gambling, but some trader sometimes trade like they're gambling, just rely on luck only. In fact, we can't get profit consistently if we just rely on luck only when trading. And like you said, we need skills to get profit. -
Our psychology begin influence our trading when we're trading with real account, because we use real money and most of traders feel afraid of losing their money. It's the causes why our demo result is better than real.
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Hmm, demo contest.. Not all of traders use trading contest to hone trading skills, even use it to trade without rule, use full lot without worry losing money. And i think it will give influence for real trading, so the best place or not is depend on traders itself
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Earning profit with demo account is easier than using real account, because in demo, there's no real risk and trader can enjoy trading. BUt we can feel easy if we have understand about forex first.
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Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
Yeah, we cant withdraw the bonus from our postings in forex forums which sponsored by brokers. But i think a posting bonus is really helped us to start trading without having to deposit first. I also use it. So far, i can get profit by using this bonus.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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Forex as a business Do you take forex trading as a business?
gaban replied to ellliottt's topic in Forex General Discussion
Without a good understanding, we will not be able to trade well. So, learn and understand what we've learn. And to be a successful trader, we must effort and don't forget to learn from our experience -
Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
We can't withdraw our profit that we have get when we trading by using demo account. Demo account just for learn basic of trading or to test our strategy. If you wanna trade using real account without having to deposit first, you can use no-deposit bonus from broker which you're using.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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What I mean we can trade at any time when the market is open, and we can spend our weekend to refresh our mind and evaluate our trading. And you're right and i think we should have real business too,because it's too risky if we just depend our life from forex only.
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Can no deposit free money help you achieve success on forex ?
gaban replied to kaito kid's topic in Forex Newbies
May be you can try to use a posting bonus from InstaForex. The terms and conditions is not complicated. I have try it by myself. Very helped me to start trading in forex. -
You're right. Dreams can be a motivation for us when we are in bad conditions. And dream will be come true if we try and effort to make it come true.
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Demo trading, demo contest are the best place to practice trading and understand the basics of forex without fear of losing a lot of money. But i hope trader can utilize it as well as possible, Don't abuse them to trading without rules.
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Understanding about forex very needed if we wanna earn profit from trading. Almost all of beginner traders feel difficult to get profit for first time Because they do not have any experience at all. That is why we need to practice and try to understand the market conditions, so that we will know when the right moment to make order.
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The most important think that we have know, our psychology when trading with demo account and real account is different. Trading with demo account is smaller risk even there's no any risk and we feel no pressure when our account get floating minus.
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By using demo account, we can understand basics of trading in practice without any risk. And trading with demo account is very recommended for beginner who wanna start trading in forex. If we have understand it, we can use real account with bonus as our capital to train our trading psychology, like welcome bonus, the posting bonus, etc.
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We can't eliminated risk. We just can minimize it. And I've never heard there's a trader who can eliminate existing risks in forex, even a professional trader will not be able to do so.