Practice makes a Forex trader perfect ?

[LorrainMor]

Yes, there is no argument that practice can help any trader to receive acquaintance with the fundamental aspects associated with trading. Demo trading account is the main trading tool which can allow a trader to learn the fundamentals of forex as like as genuine account. And thereby to recognize the real world trading and be proficient in trading a trader should try to spend good amount of time in demo trades.

 

[lioneld]

Yes, there is no argument that practice can help any trader to receive acquaintance with the fundamental aspects associated with trading. Demo trading account is the main trading tool which can allow a trader to learn the fundamentals of forex as like as genuine account. And thereby to recognize the real world trading and be proficient in trading a trader should try to spend good amount of time in demo trades.

Nice to know your approach on demo trading! But my question is; how many months did you use your demo?

 

[Andrew McCalam]

Managing 2% risk until until closing any order its not an easy task , pro trader can manage their risk ratio accurately because of having long term experience. but as a beginner there is no chance to keep 2% risk for all time , but if we practice more and more above all in demo account there is a possibility to become knowledgeable about risk management.

 

[Faal]

exactly, learning good knowledge from at any good books cannot bring good result when trading if you don't have much practice in trading . learning with regular practice , its a real combination in this Stock market.

 

[ZhoGorisar]

That's for sure in such a way and not an another no matter how hard do you try all of this. Please do explain that to every new forex trader here and there no matter how hard do you try they should get you otherwise they will fail totally and completely.

 

[Andrew McCalam]

there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.

 

[Smash Fun]

Right, If you do not have practice then you even can not run daily for your health then how we can imagine that without learning we can easily earn money in Forex.

 

[Andrew McCalam]

Any Forex strategy should develop after passing sometimes , regular practice in demo only the way to develop your trading strategies performance.

 

[lioneld]

Any Forex strategy should develop after passing sometimes , regular practice in demo only the way to develop your trading strategies performance.

That’s the key point; there is nothing like shortcut way of success in Forex! So; new traders need to start with a long term point of view!

 

[Andrew McCalam]

there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.

 

[MarvelPole]

Demo account are great tool for every trader not only new comers. It is certainly used mostly by newbies, but older traders can practice new trading method or investigate new indicators

 

[The trader]

for beginners its more appropriate go through the school level minimum for 2-3 times, but beginners can do it within very short time just for once , as a result they got nothing

 

[Andrew McCalam]

first step keep in your mind, mostly beginners try to learn trading within very short time , this is not practical , develop a mentality to pass a long time with great patience. thats all.

 

[Alexander Hudson]

We all know that practice makes a man perfect. the more you practice the more it is possible to minimize the risks and make a profit consistently.

 

[Oscar Shumack]

If you want to become a good trader, you have to practice more and more. Without practicing in the forex market, you can not learn all the tools and techniques properly.

 

[Cooper Truebridge]

The more you can practice trading, the more you can become a profitable trader. It is possible to gain trading experience by practicing.

 

[Kevin Vogt]

To make profit you require an expert mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.

 

[Damini Chatterjee]

In my opinion, I believe in Forex, you need to know what to practice...Practicing the wrong strategy is never going to help you. So make a plan and practice it

 

[Alicia Lynch]

Where does the stop loss need to be set? How to follow money management? Which strategy should be used? I have to create all these through education. Because it is impossible to know about these things without education.

 

[Gito Dinev]

Where does the stop loss need to be set? How to follow money management? Which strategy should be used? I have to create all these through education. Because it is impossible to know about these things without education.

Practice is also needed. Otherwise, all knowledge will be wasted.