pepy Posted July 16, 2012 Share Posted July 16, 2012 Its silly if they don't know how to trade well in forex even don't know about the forex basics which is about the forex strategy and to have learned about the trading platform and also making a proper management. For sure, they know about it but they don't apply it in their trading and just rush on trading without any plans. so that is why for people who don't know about that thing must be choose demo account which they can experiment a lot about all the feature that broker give to them, and also to apply some strategies or tips that other traders give. rush into real account for newbie who don't know about anything will give nothing Quote Link to comment Share on other sites More sharing options...
tirus Posted July 20, 2012 Share Posted July 20, 2012 so that is why for people who don't know about that thing must be choose demo account which they can experiment a lot about all the feature that broker give to them, and also to apply some strategies or tips that other traders give. rush into real account for newbie who don't know about anything will give nothing In fact, going into a live trading mode before you are well equipped will result in problems because you wont know what the right thing to do is in order to make good trades. Trading in a demo account is sure to help you with the practice that you will need when you eventually go live. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted July 23, 2012 Share Posted July 23, 2012 Yes, demo trading will really help you in your strategy which I believe that's really the purpose of demo but for the emotions we have when we are trading then its the best to undergo with the real trading. Its also mistakes for newbie if they will just going to trade in demo for a long time but end up losing still in real trading because of trading psychology. Quote Link to comment Share on other sites More sharing options...
tirus Posted July 23, 2012 Share Posted July 23, 2012 Yes, demo trading will really help you in your strategy which I believe that's really the purpose of demo but for the emotions we have when we are trading then its the best to undergo with the real trading. Its also mistakes for newbie if they will just going to trade in demo for a long time but end up losing still in real trading because of trading psychology. This is why you need to maintain some sort of balance between trading in the demo account and the live account. You could ease yourself into the live account by working with small investment as other brokers allow trades as from a dollar for example to gain some practice. Quote Link to comment Share on other sites More sharing options...
budado Posted August 4, 2012 Share Posted August 4, 2012 My demo accounts right now is using EA. lols. I just want to know if this EA is effective that's why I tried to use it in demo account. Same time I want to study how this EA works and hope that I can make some adjustment in my own trading and use this EA strategy as my own strategy also. I just want to earn good amount of money in here in demo account first before trying it in real account. Quote Link to comment Share on other sites More sharing options...
indieover Posted August 7, 2012 Share Posted August 7, 2012 indeed better practice first in demo account even if you have started in live trading already. but if you want to learn a new strategy so you need the demo account once again. don't use the strategy you have not practiced in demo account in the live account right away. Quote Link to comment Share on other sites More sharing options...
tirus Posted August 11, 2012 Share Posted August 11, 2012 The best place to develop and test out a trading strategy is really in the demo account. You have nothing to lose in here because you are not using real money. If you want to try and refine a strategy in the live account you will end up experiencing losses because you are unsure of what the outcome will be. Quote Link to comment Share on other sites More sharing options...
indieover Posted August 12, 2012 Share Posted August 12, 2012 Indeed we can't really emphasize enough the importance of the demo account is one the newbie. Without the demo account its almost impossible for most newbie to continue to be in forex. As we would lose a lot of money if we would learn forex in live account right away. Quote Link to comment Share on other sites More sharing options...
tirus Posted August 15, 2012 Share Posted August 15, 2012 There are still newbies that choose to leave the demo account prematurely though and get to find out how important it is once they are in demo mode with money invested how important it actually is. Its quite important indeed to ensure that you make the most of your time in the demo account because your success in live mode is dependent on it. Quote Link to comment Share on other sites More sharing options...
fari Posted September 12, 2012 Share Posted September 12, 2012 Dealing couple that have a very high spread. This is a dangerous error since it is almost difficult to income with foreign exchange that has a broadcast above 20 pips. Always commerce only the the majority famous foreign swap which highest likely propagate is 5. Quote Link to comment Share on other sites More sharing options...
budado Posted October 2, 2012 Share Posted October 2, 2012 Dealing couple that have a very high spread. This is a dangerous error since it is almost difficult to income with foreign exchange that has a broadcast above 20 pips. Always commerce only the the majority famous foreign swap which highest likely propagate is 5. I don't understand or can relate on what you are saying right now. Can you be specific? Are you still talking about forex trading? If so what pair are you trying to discuss? Anyway about swap do you know that swap interest can make you earn money or pay money? In short you must know what side of a swap that you can earn or loss money. Quote Link to comment Share on other sites More sharing options...
pepy Posted October 5, 2012 Share Posted October 5, 2012 The best place to develop and test out a trading strategy is really in the demo account. You have nothing to lose in here because you are not using real money. If you want to try and refine a strategy in the live account you will end up experiencing losses because you are unsure of what the outcome will be. i think you are right the best way to develop that thing in demo account because we don't need so spend any money there, but i think that real account also good place(not the best) since we also fee what it means by trading, and it will give us more opportunity to train our trading psychology, since in that account we feel real trading with many pressure Quote Link to comment Share on other sites More sharing options...
riddick09 Posted October 6, 2012 Share Posted October 6, 2012 Our strategy will be really worthy to be practiced in demo knowing that we will not going to make or spent any cents on it. We just need to have our time available for it and try to use it carefully as we want to find the best among of the strategies that will suits us in trading and making profits. Its not an easy way to start in real trading just like other traders did who just begin without any strategy or readiness in forex market. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 7, 2012 Share Posted October 7, 2012 it had been reasonable for the newbie do not know how to make a profit from this trade and we all know that our initial ffor it is virtually impossible to do something we can directly produce except for the luck factor and the newbie will also be learning more about how trade that is beneficial to them Quote Link to comment Share on other sites More sharing options...
zebrut Posted October 9, 2012 Share Posted October 9, 2012 yes indeed so ruling a newbie might not directly benefit except for the luck factor, and it must be experienced by all those who are new to forex and use the investment to forex trading. therefore a true newbie who wants to become a master forex certainly will not be afraid of failure, because failure is the key to success. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 13, 2012 Share Posted October 13, 2012 very true because without a failure then we will never Yahu what fault location and we would never want to learn how to trade better if we had never experienced a failure , and for par newbie should not only learn the trade ssytem sajua but they also need to learn financial management due to having good financial management, trading system they create will be very effective at all for making a profit on their trades and also to minimize the risk Quote Link to comment Share on other sites More sharing options...
tirus Posted October 21, 2012 Share Posted October 21, 2012 yes indeed so ruling a newbie might not directly benefit except for the luck factor, and it must be experienced by all those who are new to forex and use the investment to forex trading. therefore a true newbie who wants to become a master forex certainly will not be afraid of failure, because failure is the key to success. Â Losing is part of the trading of forex and every trader whether they are a newbie or an experienced trader should be aware of that fact. This does not mean that we should just accept losses without doing anything when we encounter them but we should not totally shutdown when we see them but learn to handle them better as part of the learning process. Quote Link to comment Share on other sites More sharing options...
arsii619 Posted October 22, 2012 Share Posted October 22, 2012 There are still beginners that select to keep the trial consideration ahead of your time though and get to discover out how essential it is once they are in trial method with cash spent how essential it actually is. Its quite essential indeed to create sure that you create the most of your time in the trial consideration because your achievements in stay method is reliant on it. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 25, 2012 Share Posted October 25, 2012 specifically the biggest mistake made ​​by novice traders are those with the courage to trade directly without having a real desire to practice ahead of time so they will just have to rely on their good fortune in the trade they are doing and of course it will only make them lose some capital they have and also if they practice beforehand they do not have the patience to master the trade with a demo account first Quote Link to comment Share on other sites More sharing options...
budado Posted October 27, 2012 Share Posted October 27, 2012 Not practicing and not really having serious trade is what make many newbies loss money in forex trading. I have really hard time earning in forex when I'm starting. In fact I think I'm going to loss lots of money when I'm starting to trade in forex. But later on I realize that the best way to make money in forex is by continuing trading even I'm losing as long I tried to learn from my mistake. And I'm happy to say that I'm actually really earning good right now. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 27, 2012 Share Posted October 27, 2012 at first the beginner just looking at forex just as a machine that is very easy to earn money so that they will perform real trades without having good knowledge in the trade, and with it they will have a great possibility to lose because they have not been able to control emotions them and they still rely on luck alone to trade they do Quote Link to comment Share on other sites More sharing options...
zebrut Posted October 29, 2012 Share Posted October 29, 2012 almost certainly all newbies get a loss when starting out trading forex with real account due to time and emotional factors that can not be under their control so it is so easy to get stuck in a decision. therefore the time and emotional factors are needed at all for forex traders so that they can avoid a loss, not so difficult to learn a strategy that is difficult is how to implement these strategies in real accounts that should be coupled with emotional control, and psychological control so it can determine what should be conducted on the price action in progress. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 29, 2012 Share Posted October 29, 2012 it is true that at first all traders will definitely suffer losses when a trade has particularly noticeable because they have good knowledge to do the trade, actually it was not a mistake because they are still looking for a way to trade well and from experience they get with trade real of course will make them will become increasingly wise to trade Quote Link to comment Share on other sites More sharing options...
zebrut Posted November 1, 2012 Share Posted November 1, 2012 failure after failure is a very common thing when we start to trade forex using a real account, although the strategy that we apply in the demo account does not always benefit the same as when we started trading on real accounts for trading in a real account not only requires a strategy but also requires mental readiness and emotional control because we use capital is tangible capital or our hard earned money, so mentally and emotionally within ourselves come into play that makes us always fail even though we use the same strategy as when trading on a demo account. Quote Link to comment Share on other sites More sharing options...
budado Posted November 2, 2012 Share Posted November 2, 2012 Just thinking. I think its newbies mistakes not forex mistake right? or not? lols. I think its should be "The mistake made by newbies in forex". I don't know but forex mistkaes that newbies make seems have different meaning to me. Anyway I think its normal newbies make mistake. And let newbies make mistake. because its the only way they will understand how forex actually works. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.