Different traders define success in different ways but the actual success lies in taking education. Educate yourself with the best education and adopt the best tactics of trading. There are several e-books available online by reading which traders can enhance their trading knowledge.
Without skill, luck never supports and it’s quite proven. We have to drive ourselves towards skill development because it helps us survive in the market for a longer period of time.
I find the major difference in the money that is funded in these accounts. Other than that another difference I find, which is in confidence level. In demo trading, traders are more confident than in live account.
Low capital should be preferred initially. And even if you become expert, you should stay carful because it’s not true that experts don’t suffer losses.
Carefulness about utilizing an investment in the right way is needed. Newbies can’t derive profit from the market moderately just because they don’t have sufficient knowledge.
Besides risk management policy, try to earn knowledge on candlesticks. Better knowledge on candlesticks and market indexes is needed because it helps us understand the price flow.
The support of both luck and skill are needed to gain from the market. Without skill, your luck won’t support you so try to make sure your skill is available.
Between demo and live account, money is the cardinal difference. A demo account is funded with fake capital whereas live account is funded with real money.
Forex is suitable for me because I have high patience and always try to find new approach of trading through innovation. I think it will help me down the road.
Scam broker usually apply different tactics to lure clients. Opening accounts with scam brokers are really easy and they are not secure brokers for traders.
We have two types of forex traders including part time and full time traders. Part time traders basically have jobs or other professions besides forex trading. They trade for a partial part of their day time.