Forex Trading

Why You Should Practice With A Forex Demo Account…

21 comments

  1. Well I totally admired this idea!!! We sometimes wonder giving a chance to play around on the real account which leads to bad consequences. I was always advised my senior who working with me when I was a technical analyst for one of a reputed broking company. He says ‘never role dice when and unless its yours’. He insist me not to play with even our own real account, I have been practicing the same since ever he said. Working on demo gives you hell of confident on making the real trade. In forex, as written on this article backtesting process even need more time. I would suggest it ifs more than an year practice. Thanks for this site. I would also recommend you to practice on stock market brokering, its real things as we flow high on forex, stock market is being on the top notch business, frpm white collars to normal man can do this.

    Thanks for your time & efforts.

    Dustin

  2. I really want to try this Forex Trading business. Very lucrative and really gives high opportunity if done right. I am still on the phase of studying it and making my self familiar with the core system of Forex.

  3. Yes you definatley need to open up a practice trading account beforehand. Hopefully a paper trading account that is already with the same broker that you will be using with real money so that you can get a feel for their software as well.

    Paper trading accounts have saved me a lot of money in the past. And they have taught me a lot of lessons that have improved my trading systems.

  4. Of course forex trading is a risky business and this is the reason why you should practise with a demo account and test your trading system first and then start trading with real money.

  5. Yes, I have now my account in the Forex industry! But I wonder if Forex Trading still very successful in in the market? But I believe in your ideas. Hope I could read more post like this so that I will be guided on what to to regarding Forex industry. Thank you for your very good Idea. I expect more of it..

  6. Forex is a risky industry, but if you are good at it, it’s worth it. I am in it for almost 3 years now. Beginning was really hard, but now I am really addicted to it. I recommend it to everyone.

  7. You are wright practice is very important, I had an account in the past at a Forex trading company and lost all my money.

  8. Fantastic tip. I don’t know how I came across your site but it was worth to read that. Thanks!

  9. One most important benefit of having a Forex Demo Account is that it shows conditions of the real market. You should always keep a check on your finances and make wise decisions while doing Forex trading.

  10. Did anyone tried forex mini accounts? I’d prefer trying forex mini over forex demo since you get profit and loss in real time. You can actually learn it SERIOUSLY!!

  11. when you become a customer of the Forex industry, you are very discriminating and selective about what products and services you choose to purchase. Take your trading education seriously. Take your time and develop a long term plan for success and you will be able to enjoy the exciting benefits that the Forex market has to offer.

  12. Oh my goodness! a tremendous article dude. Thank you Nonetheless I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting an identical rss problem? Anyone who is aware of kindly respond. Thnkx

  13. Great post!
    Forex demo accounts in my opinion are very important, especially for forex beginners that has no experience in foreign trade market. It is very important to learn Forex, and of course to practice with Forex demo accounts . This way you can study the field and to practice trading without losing money – and then when you real trade at forex market you can enjoy from earnings. good luck!

  14. Don’t get me wrong demo accounts are great but I think the best way to learn trading is through mini and micro accounts. You get real time experience with the live markets, no better way to learn in my book.

  15. It’s really nice blog – I will obviously tell about it to my friend! Forex market is a good solution.

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