The safest way to earn money in forex market without trading currencies

[bidveal]

I agree. Demo trading prepares you for live trading. Although it shouldn’t be followed for a long time. Once you feel prepared enough, start trading live by small amounts.

Agreed! Micro accounts can be more useful once you get used to the functioning of trading platforms on a demo account you should start trading with a small capital.

 

[bidveal]

The prime reason behind getting a balance crashed is excessive trading because this approach gradually decreases your equity. They do it in the expectation of making more profits but it harms them the most. So traders should practice rational trading.

Trading excessively can do more harm than good especially because of the associated costs.

 

[Bahiya Shinam]

While viewing the market, try not to view it only from the fundamental point of view but from the technical point of view too.

 

[Hangdog]

I agree. Demo trading prepares you for live trading. Although it shouldn’t be followed for a long time. Once you feel prepared enough, start trading live by small amounts.

Right! Demo does not help in developing trading psychology. Trading demo for a long time can hinder with the development of the psychology as one switches to a live account.

 

[Hughie Lane]

Trading excessively can do more harm than good especially because of the associated costs.

Trading forex on a demo does not develop right trading psychology and when a trader switches from demo to live it becomes very difficult for him to adapt to the real trading environment.

 

[Karley Walker]

High profit involves large amount of risk on the other hand low profit is sometimes consistent which is badly essential for traders. Develop your mentality this way.