• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

For Beginners

live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.
 
without passing a long time it is not possible at all to lead a healthy trading life with certainly, because the success in this market is related with long term process. But practically mostly traders in particularly the newcomers try to make success very rapidly and fall a great loss when trading practically.
 
Indeed, there is no free lunch of forex market. Everything needs to be accomplished with hard work, dedication and a lot of practice. Earnings are coming with experience
 
trading with own , its a right one but borrowing money from family and others , its completely a wrong decision, its a mental pain and traders cant focus when trading in practically.
 
losing money in this stock market is a common deal , so any optimistic attitude always motivate us.
 
nice post you have done , completely agree , Fx not Scam , the traders activity looks always scam, they take it as a Casino and try to bring more profit within very short time.
 
practice and patience both are important but without long time practice there is no way to control patience and emotions, on the other hand , generally in demo we feel tired when practicing , because no real money there is, after all its a complicated issue between demo practice and emotions.
 
sometimes we try to confirm brokers real performance by using demo trading , but in practical lots of difference there is between demo and live on a broker.
 
its difficult task to control emotions when using leverage , because it can make huge profit within very short time. but maximum time traders lost their major equity by using this due to over emotions.
 
professional trader is a big deal in Forex trading , and it relates with long term process, so we have to keep more patience when learning and trading.
 
if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
 
which pair is best for you it completely depends on you . generally we traders like to depends on major but i think any pair can bring good result if you have real knowledge and experience. so increase your trading knowledge and earn more profit by your pair.
 
But choosing a broker is very difficult task nowadays; because there are almost thousands online broker in retail market place and most of them are found to be scams. We can choose the broker which for all time makes sure security of funds at any kinds of investments with a wide range of trading technologies. Actually the credible trading broker does not restrict any kinds of trading techniques at all with scalping and hedging.
 
sounds very good that you have done a demo account very well and right now feel that you can open a real account , its okay but when trading in a real account dont be emotional and greedy , trade in micro account and dont taker risk more than 1%. good luck
 
patience is needed but sometimes
we lost this because of emotions. so we always have to control
emotions when trading in practical.
 
before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.
 
the golden rule is always remain cool wherever is going on trading negative or positive. but in practical its really difficult , only strong mind people can do it with successfully.
 
Top