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  1. #1
    Join Date
    Jul 2020
    Posts
    162

    Know about forex before real trading

    Traders should know about Forex trading before real trading. Otherwise, they will lose money many times. Traders also need to set a goal. I think traders should focus on monthly profits, not daily profits. Because not all days are suitable for trading. One more thing, always trade with regulated brokers to avoid scams in the market.

  2. #2
    Join Date
    Aug 2020
    Posts
    46
    By the time you switch to trading on a real account, you should be with me as much as possible about Bo in this area, understand everything and practice as much as possible on a demo account, this was recommended to me by the managers of Amarkets.

  3. #3
    Join Date
    Aug 2020
    Posts
    157
    There is no such business or work in the world that can make you rich easily except you born rich or win a lottery. Forex trading involves emotions as there is profit and loss. The problem is most traders ignore the psychological aspect of the traders even they know about it. They do not work on to develop their trading psychology. They run after strategy. Everyday they look for a new 100% profitable strategy. Try to know the business first then you will get success. I am trading forex with Eurotrader broker, as a result of their low spreads and 500:1 leverage. I additionally like their energetic withdrawal handle.

  4. #4
    Join Date
    Dec 2020
    Posts
    30
    You need to start trading on a real account when you understand that you are ready to grow your own funds as much as possible and develop in this direction.

  5. #5
    Join Date
    Jun 2020
    Posts
    205
    For some people trading is easy, for some people it is very tough. It is fully depend on the knowledge and techniques trader has. If he can do all the trade very sharply it will be very easy to make profit. But those who can't deal the trade simply with their mind they may face difficulties in forex market. Sometimes some trader feels the trade tough just because of their broker. Broker plays an important role in trading. In my trading career, my broker Forex4you helps me to make the trade easy. They give all kind of facilities I want to make my trade.

  6. #6
    Join Date
    May 2020
    Posts
    1,473
    without knowledge of the process of working in this industry, you can only get losses and nerves. I would strongly advise against experiencing this directly for yourself.

  7. #7
    Join Date
    Jan 2021
    Posts
    381
    before switching to real, it is important for beginners to try out the demo, all the same it gives at least a little understanding of how to work, but I advise you to try yourself on the Amarkets platform, an excellent option with high-quality conditions for both beginners and wholesale traders

  8. #8
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by Diedriarekh View Post
    before switching to real, it is important for beginners to try out the demo, all the same it gives at least a little understanding of how to work, but I advise you to try yourself on the Amarkets platform, an excellent option with high-quality conditions for both beginners and wholesale traders
    We must understand the risks that are actually associated while doing our trades. If we will make use of the Best Trading systems then we can get more income also.

  9. #9
    Join Date
    Jan 2021
    Posts
    381
    before switching to a real account, it is important not only to learn about what and how, but also to try to work on a demo, all the same, this moment is too important for a beginner

  10. #10
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by Diedriarekh View Post
    before switching to a real account, it is important not only to learn about what and how, but also to try to work on a demo, all the same, this moment is too important for a beginner
    We need to make use of the DEMO trading accounts so that we are able to earn income from the trading and become better traders.

  11. #11
    Join Date
    Jan 2021
    Posts
    381
    it would be strange if a person would start investing their money without understanding where and why, so no profit will be obtained

  12. #12
    Join Date
    Apr 2020
    Posts
    120
    Before you have to sea, about you must clearly understand that your mind should be quite voluminous and practice on a demo account must be mandatory.

  13. #13
    Join Date
    Apr 2017
    Posts
    714
    When you have many expectations from your Forex business you should also mind that it is highly profitable business and so far, it has many risks of having loss. The traders mostly forget about loss and want to get only money. My choice is TP Global FX as they are a credible broker in this industry. From this broker to reduce some trading loss I get facility of using various risk managing tools.

  14. #14
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by Graham McKenzie View Post
    When you have many expectations from your Forex business you should also mind that it is highly profitable business and so far, it has many risks of having loss. The traders mostly forget about loss and want to get only money. My choice is TP Global FX as they are a credible broker in this industry. From this broker to reduce some trading loss I get facility of using various risk managing tools.
    To be able to make profit in the business of foreign exchange trading the main and important factor is the proper use of trading based analysis.

  15. #15
    Join Date
    Jan 2021
    Posts
    381
    in any case, before real trading, you can always practice yourself on a demo in order to be at least a little prepared and gain basic knowledge and skills

  16. #16
    Join Date
    Jan 2021
    Posts
    117
    Quote Originally Posted by Diedriarekh View Post
    in any case, before real trading, you can always practice yourself on a demo in order to be at least a little prepared and gain basic knowledge and skills
    I agree, practicing in demo is a great way to practice your skills without risking any money. It's also good to go back to demo if you are testing a new strategy.

  17. #17
    Join Date
    Aug 2017
    Posts
    1,326
    This question varies from person to person or trader to trader. Some of the trader think that forex is easy, while some think that it is not so easy. According to me, forex is easy if you have all the knowledge about forex. If you know what should do and what shouldn't than forex is easy for you. Those who have little knowledge about forex can face difficulties when they are going to trade. I am also a trader of Forex4you. They help me to make profit and minimize the loss. With the help of them forex becomes easy for me.

  18. #18
    Join Date
    Feb 2021
    Posts
    6
    Entering a real account for trading immediately will not lead to success. Therefore, I used the free demo account of the broker Expertoption and was able to prepare not badly

  19. #19
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    1,157
    Quote Originally Posted by Wynne View Post
    Entering a real account for trading immediately will not lead to success. Therefore, I used the free demo account of the broker Expertoption and was able to prepare not badly
    To be able to become a successful trader in this business we will need to do Special type of Trading which can make us more Profitable traders.

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