Whatever, trading instrument you are using, please try to use first in demo and make winning habit in your practice account!
I still trade demo in my free time and mostly try testing any strategy on it before putting it on my live account.
Please take a look around, and feel free to .
Whatever, trading instrument you are using, please try to use first in demo and make winning habit in your practice account!
Be successful trader in forex is not easy, as a trader, we need to more improve our trading skills. We can use demo account to get more experience in forex trading. I use demo account in FXB too even though I have use real account.Trade forex with a demo trading account online and test your trading strategies under real market conditions. Open a demo account and access trading platforms.
I'd say that the educational process is not just long, but endless. Forex is a very changebale market that keeps developing all the time, so you have to carry on learning something new.
Well that is the learning process. And a trader who thinks about surviving in the market for a long time should not think about stopping the learning process and keep gaining whatever he can get from the market. But before that traders also need to get some sort of basic education.
I think, new traders should focus on only their learning process, not on their result! Naturally, all of new traders start their trading career with a horrible trading result and after couple of months they lose their learning interest.
As a newcomer we the trades can take demo account for acquiring proper basic knowledge which is very supportive to continue a live trading in a proper way. But practically we the traders don’t believe the importance of this trading place at all. As a result almost 90% newcomers fall a great loss after joining very rapidly live account.
In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.
I think you need to invest in the major currencies including USD, EUR, JPY, GBP, AUD, and CAD. You must have the knowledge about the currency you are investing in and about the country's polical and economical releases as well. Do you believe in news impact?