Practice on Demo accounts & then go for REAL MONEY

This topic has 23 replies, 6 voices, and was last updated 4 years, 6 months ago by FXGuru.

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Sep 1, 2017 at 12:31 pm #538
Rich14304
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It is the responsibility and the obligation of each member to research the background of the broker PRIOR to depositing or opening a LIVE account. Be fore-warned; not all brokers are the same and use of keywords such as SCAM or FRAUD may assist; furthermore; one would want to do a back ground check with the regulatory bodies under the country-frame work for the broker performance record.

DEMO; the concept; applies to Due-diligence in a LIVE-CONDITION as well as comparative analysis for education
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Sep 1, 2017 at 12:31 pm #539
Uncle Gober
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Yes, before we use real account to trade in forex, we should use demo account first because it will help us to learn basics of trading and understand it. Now, each broker have provide demo account for their clients, we should utilize well. Even some brokers also offer free capital, such as 15 EUR welcome bonus from Armada Markets.

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Sep 1, 2017 at 12:31 pm #540
Raybenz1983
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Demo accounts are useful in learning and test trading strategies, but the real different
The teams will find trader them may lose in the real account and win in the demo account.

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Sep 1, 2017 at 12:32 pm #541
tec20
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That’s the spirit man, you are following up. Way to go!

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Nov 28, 2017 at 5:44 pm #1498
FXGuru
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This is very much to do with common sense. I don’t think you need to be Albert Einstein to understand this. But the problem is not too many people are really interested in demo as everyone wants to fast track to profit making. It is what leads to losses only. So, don’t run away from practicing, as it will help us getting far in terms of making money.

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Dec 5, 2017 at 5:12 am #1572
Zuko
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That is common sense only, as no one is rich enough to waste money on trying things. We got to be absolutely careful that we take things in very patient way.

Forex is NEVER for those who are impatient, so whether it’s for learning or while trading, it all got to be done with discipline and very upfront approach; it will help us the most.

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Dec 14, 2017 at 4:28 am #1688
Isk
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- 10
It is important that we don’t just into demo account randomly, it is absolutely must that we use it as a part of the plan; it is the ONLY way we will be able to gain through it. If we use it because someone told us that it helps becoming better trader to practice on the demo, then it’s not going to work. I use a demo account to sort out the strategy, it really helps me.

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Dec 19, 2017 at 5:32 pm #1755
profitmaniak
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- 17
We are so lucky that we don’t even need to practice on demo only. We could try various stuff like no deposit bonuses, welcome bonuses or demo contest, it’s all absolutely fantastic and the best way we can move forward.

So that’s why we should never start up with real money instead should take advantage of all these things!

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Oct 19, 2019 at 8:38 pm #2231
FXGuru
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It’s important for one to practice before going for real investment, as it’s too risky for anyone to invest without certainty. And I myself ensure that I am always aware of the happening. It’s easier with broker like FreshForex using their Market Analysis facility, it makes working so very cool especially with making trading decisions.

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