gaban Posted February 7, 2014 Share Posted February 7, 2014 demo account is the best place to practice trading without risk of losing our money. for newbie, should practice on a demo account before trading real accounts. Because forex is a very risky business. So we need the trading skills to make profit in forex trading. Quote Link to comment Share on other sites More sharing options...
standart Posted February 8, 2014 Share Posted February 8, 2014 traders can take practice in both demo and live account. the ideal way is first in demo account, and after traders able to found th strategy and they are able to analyze the market in proper way, they can start to practice trade in live account. the goal is to make traders familiar with the real risk pressure. Quote Link to comment Share on other sites More sharing options...
Decub Posted February 8, 2014 Share Posted February 8, 2014 Sure, having a mixture of both when it comes to practicing is quite a great way to trade. It makes you have a feeling of what the Demo as well as the real account is. More so, now that there is a cent account that can help a trader to deposit some few cents and trade with it. Learning only in the Demo account can just give a trader a feeling of not how to manage risks. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 11, 2014 Share Posted February 11, 2014 The most suitable place to practice trading with a demo account is. In demo account, we can practice trading well without worrying about losing money. So that we can practice trading comfortably. In addition, we can also utilize demo contest to practice trading . Quote Link to comment Share on other sites More sharing options...
somupriti Posted February 11, 2014 Share Posted February 11, 2014 As far as best trading practice is concerned Demo Trading is no doubt the best way to gain knowledge and experience in trading. The only difficulty with this type of trading is the casual attitude of the traders dealing with the virtual money. Since this money is not spend directly from the pocket therefore traders practicing with demo account do not take it as serious as with real account. But at the same time starting the job with a real account associates high risk to bear. Quote Link to comment Share on other sites More sharing options...
andi02 Posted February 14, 2014 Share Posted February 14, 2014 actually a lot of very good place to be able to get a very valuable lesson about forex, and one of the best places for the newbie is the demo trading contest, because with a demo trading contest will give the newbie a greater spirit to continue develop their knowledge so that they can be a winner and could be the best of the other traders Quote Link to comment Share on other sites More sharing options...
Decub Posted February 14, 2014 Share Posted February 14, 2014 Practice is a never ending thing. A trader can as well practice by real trading. Not minding that losses abound and there are always increase chances of losing, it never would stop a trader from learning. Each and every time we trade, there is always a lesson to go home with. It makes you feel that impact of being a Forex trader. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 4, 2014 Share Posted March 4, 2014 in addition to utilizing a demo account, we can also utilize demo contest to practice trading. With demo contest then we can practice trading without risk. demo contest is very useful for newbie. because we can train our trading skills. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 4, 2014 Share Posted March 4, 2014 And then, trading not just in the Demo account especially for a newbie. The Demo cannot really help a newbie learn how to control risks since it is all about virtual currencies. In other to manage this, there is also the need to trade or say,mix it with the real account even if it's to open a cent account for that. Quote Link to comment Share on other sites More sharing options...
gaban Posted March 7, 2014 Share Posted March 7, 2014 demo account is a good place to practice trading. With a demo account, we can practice trading without risk. But the use of a demo account would be less appropriate for psychology training. To train our trading psychology requires a real account. with a minimum deposit so we can train the psychology of trading. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 12, 2014 Share Posted March 12, 2014 Also, learning from some kinda group trading is such a great way to learn too. Provided the trader is serious with it and is ever ready to get something out of it, he can always learn and pay more attention to those who know more while trading groups. Though some traders might abuse it by concentrating only on winning allowing others to do the whole job. Quote Link to comment Share on other sites More sharing options...
TenkoFx Posted March 13, 2014 Share Posted March 13, 2014 it is good to trade and practice in forex trading demo account. practice in forex trading demo account is very much help full to improve your trading skill and earn more from this business. so, we all forex traders must trade in forex trading demo account to improve our trading skill in forex trading business. Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted March 15, 2014 Share Posted March 15, 2014 Also, learning from some kinda group trading is such a great way to learn too. Provided the trader is serious with it and is ever ready to get something out of it, he can always learn and pay more attention to those who know more while trading groups. Though some traders might abuse it by concentrating only on winning allowing others to do the whole job. It will be more interested if we are in group trading to learn. We can share each other, and usually, there is mentor in a group. But the result depends on ourselves if we want to get maximal profit. Try to improve our trading skills in a demo contest too. I think if it will help too. Quote Link to comment Share on other sites More sharing options...
Decub Posted March 17, 2014 Share Posted March 17, 2014 Well, one thing with it is that some other people wouldn't be so serious about it. Trading in groups can accord traders the chance to learn better by pulling their resources of knowledge together. In that case, there is always an increased tendency of the trader learning better both individually and collectively. Quote Link to comment Share on other sites More sharing options...
standart Posted March 18, 2014 Share Posted March 18, 2014 best place to conduct practice is demo account. though traders can trade in live account right away, it totally harmful since traders risking real money in trading. than practice in live account, safer if traders take practice in demo account. where use virtual money only which serve no real loss if traders get losses during the practice. Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted March 22, 2014 Share Posted March 22, 2014 There are many source that we can use for learning forex trading. But if we want to start trading in forex, we can use demo account first, even it's very recommended for beginners.Beginners should use demo account as well as possible if want trade in forex. The basics of trading will be got here. And it will be used as long as we trade in forex. You also can try demo account from TenkoFx Quote Link to comment Share on other sites More sharing options...
gaban Posted March 24, 2014 Share Posted March 24, 2014 true that, today many sources that we can use as a reference to learn trading. We can use a demo account to learn trading. And we also can learn through video tutorials to learn how to trade. You can utilize of a bonus post for which you can apply the knowledge in a demo account. Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 24, 2014 Share Posted March 24, 2014 Demo account is always the best place which a trader can get himself practice then succees will become easy as well if not so I dont think that there is a chance for the trader to win any market circumstance. As almost everything in this business need your experience Quote Link to comment Share on other sites More sharing options...
gaban Posted March 28, 2014 Share Posted March 28, 2014 Demo account is always the best place which a trader can get himself practice then succees will become easy as well if not so I dont think that there is a chance for the trader to win any market circumstance. As almost everything in this business need your experience yes, I agree with you, the demo account is the best place to practice trading. Here we can practice trading without risk of losing real money. with a demo account so I can do a practice trading, test trading strategies, test leverage, and the most important thing is we can get trading experience. With this experience then we would be better off trading again Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 29, 2014 Share Posted March 29, 2014 The best place to make practice is in demo account because from what I have seen I think its the demo account which is the right place for any trader to start from and its where our broker say we should also start from Quote Link to comment Share on other sites More sharing options...
gaban Posted March 31, 2014 Share Posted March 31, 2014 I see that a demo account is the best place to learn trading. With a demo account so we can get a trade skill. for that, we should be Able to make the most of this demo account. So that we can benefit from forex trading Quote Link to comment Share on other sites More sharing options...
standart Posted March 31, 2014 Share Posted March 31, 2014 no doubt that demo account is the best place to conduct training. there traders not necessary to losing real money since they are trade with virtual money. so, losses won't cost reduce on our own money. traders loss nothing in demo account and thus, they can calm in practice. Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 31, 2014 Share Posted March 31, 2014 Demo account is always the best place to learn about forex trading so you dont need to worry about anything here all I know is that if you have the right mindset then you will get much more money than you suppose to. Quote Link to comment Share on other sites More sharing options...
Decub Posted April 2, 2014 Share Posted April 2, 2014 Though the Demo account is seen as the best place for knowledge, the trader can always learn from the real account too. When it comes to building up of emotions and learning how to trade without attaching emotions to it, then the real account is the best place. The trader can adopt a cent or mini account and learn better ways to develop himself before going fully to the real account. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 3, 2014 Share Posted April 3, 2014 Demo account give you chance to earn more profit in the forex trading that is why it is one of the best place which we can learn forex trading from and it is really the best source to do that as well. But if you have a mentor it is very nice and excellent as it make learning easy and simple Quote Link to comment Share on other sites More sharing options...
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