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Everything posted by uncle gober
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Importance of Demo Account/virtual account in Forex
uncle gober replied to abdulla1's topic in Forex Newbies
Yes, we can get trading experience using demo account, and it will be useful for us when we trade using real account. It's very useful to train our trading skills, both good strategy and good money management without risking our money,- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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Blame strategy too fast when they cant get profit then look for another strategy, i think it is one of newbies mistake too. They dont wanna make evaluations when they cant get profit using their strategy, in fact that it's not necessarily true. Evaluation is very important for traders, and it also should be done by traders in forex, not only beginner trader.
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And it's very recommended for beginner to start trading in forex. Although we can get profit when we trade using demo account, the experience is more useful for us so we can trade well when using real account, we can get maximal profit. And i think free capital from broker also can be used to hone our trading skill further more and get trading experience using real account. 15 EUR from Armada Markets also can be utilized
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So do i. I also focus on forex, try to trade well here. Surely, i try to make good analysis, try to hone my management skills because we need those in forex trading. We can rely on luck if we wanna trade in forex and get maximal profit consistently.
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What do you think about free deposit from broker promotion?
uncle gober replied to kaito kid's topic in Forex Newbies
yes, and there are some brokers which offer free capital for traders. We can use it to trade in forex, start trading with real account without having to deposit first. We also can test our psychology using this account. I also got 15 EUR from Armada Markets. Using that broker, i tried trading with that broker -
Yes, trading contest usually used by trader to make practice, hone trading skill be better. I dont take part in any contest, because i'm trying be Trader of The Month in Armada Markets, trader who shows not only big profit but also excellent money management and risk management skills.
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Is it advisable to trade on all currency pair as a newbie?
uncle gober replied to flybiz08's topic in Forex Newbies
I think we should prefer to trade in a currency pair first. Understand it so we can get maximal profit. It's too risky if we trade in more than one currency pair while we are still new in forex trading. I'm not a professional trader, but i trade in 4 currency pairs. I usually trade in EU, GU, UJ and EJ. -
It's not a problem. The most important is we can focus on our account in each broker which we use to trade, so we can get maximal profit from our each account. I just trade in a broker which give me convenient service when trading. With the lowest spread from Armada Markets, i try to maximize my trading result.
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- disadvantage of trading
- advantage of trading
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What do you think about free deposit from broker promotion?
uncle gober replied to kaito kid's topic in Forex Newbies
Absolutely, free capital from broker is very useful for traders. Beginner trader can use no deposit bonus to test psychology because it cant be tested using demo account.And dont despair if we cant make profit with no deposit bonus. The most important is we can get trading experience using no deposit bonus. Try to use 15 EUR welcome bonu from Armada Markets to get real trading experience. -
I'm a part-time trader too in forex. It's too risky. I think if we wanna trade in forex, we should use demo account first before using real account. Because forex is risky business, if we directly use real account, i think we will just spend our money in vain, especially if we dont wanna learn from our experience. I think welcome bonus like 15EUR from Armada can be used by trader who wanna start trading with real account if we have understand the basic of trading using demo account.
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Yes, demo account is good place to practice. And i think trading contest also can be used to hone our trading skills. I try to take part to be Trader of The Month in Armada Markets. Although i never won, but i get valuable lesson. It's experience.
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Yes, in forex trading, we can rely on luck only. To trade and get maximal result in forex trading, we must have knowledge and skills which should be improved. Try to test our trading skills to be Trader Of The Month in Armada Markets.
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Which broker do you trust to invest your money ?
uncle gober replied to kaito kid's topic in Forex General Discussion
yes regulations are necessary but there is another thing, we should choose broker which also have good services to their clients. I trust Armada Markets, not only because of their regulations but also their services. I get convenient service from this broker -
Forex forum Do you think forex forums can improve my trading skills?
uncle gober replied to flybiz08's topic in Forex Newbies
Yes, we can get more knowledge and trading experience if we want to active in forex forums. We can use what we have get to make our trading skills be better. Beside i active in forex forums, i also try to learn from Trader of The Month experiences. They feel free share their trading exprience. May be, you also can learn from them- 456 replies
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- importances
- added advantage
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Yes, there are many people who think that forex is easy because they just see one side, profit that they can get in forex trading. They dont understand forex trading well, that there are risks and reward in forex trading. Then when we start trading in forex, they will feel cheated. In fact, it happens because they dont want to learn and understand forex trading well.
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Of course, it's not good to compare both because both are different things each other. We must undergo forex trading seriously if we want to earn money consistently in forex trading. Rely on luck only, just will make us be a failed trader in forex. We have knowledge and skills, and we must improve it in forex trading with learn and make more practice. And if we are new in forex, i think video tutorials also can be used to learn.
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If we have get profit consistently in forex trading, to be part time trader in forex is not a problem. And it also should be done by trader who wanna be full time trader. We must be able to get maximal profit consistently in forex trading. We must improve our trading skills, improve our knowledge about forex trading because there are still many things we do not know
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Of course, both demo account and real account, those are have own role in forex trading. Although demo account is virtual, but if there's no demo account in forex trading, i cant imagine how much money that will be spent by trader to learn trading in forex. And I still wonder why there are some traders who have opinion that demo account is useless? What do you think about it?
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In forex trading, we need skills, that's why we should learn and make practice.. if we do not have good knowledge and good skill, we can not trade well in forex and we also will not earn money in forex trading consistently. We can trade with luck only, although forex market can be predicted with certainty, but we still can use history to make analysis and prediction.
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Importance of Demo Account/virtual account in Forex
uncle gober replied to abdulla1's topic in Forex Newbies
Demo account is very recommended for beginners. Every broker also offer demo account for traders, include Armada Markets. We can use demo account to start trading in forex, know and understand forex markets and get trading experience that we can learn before trade using real account. We must utilize it well.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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We also hone our trading skills and get trading experience. It would be useful if we want to make evaluation. And i think, beside we make practice, we should test our trading skills to. Trader of The Month from Armada Markets can be place to hone our trading skills.
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What do you think about free deposit from broker promotion?
uncle gober replied to kaito kid's topic in Forex Newbies
Yes, no deposit bonus is suitable to hone our skills further more in forex trading after we use demo account to learn trading. It will help us to test our trading psychology, so when we use real account to trade with our own capital, we can maximize it. -
Can no deposit free money help you achieve success on forex ?
uncle gober replied to kaito kid's topic in Forex Newbies
I agree, we can use no deposit bonus to determine broker to trade in forex. With 15 EUR, i can know about Armada Markets. I can trade with tight spreads and fast execution, no reason for me to choose another broker. -
I also started trading in forex using demo account first. And when started trading with Armada Markets, i used 15 EUR welcome bonus. And i think $1 is just enough to test our psychology. It would be difficult if we just use $1 to trade in forex althoug there are some brokers which provide account with $1 as minimum deposit. I trade with Armada Markets, i start trading with $100 in this broker after i use their bonus.