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Thread: I found my problem!!
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08-10-2012, 08:38 AM #31
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That's the essence of trading in demo account and that is to experience forex trading first hand and what ever loses you encounter in trading in demo account you can simply correct it without worrying about your loses as at most will happen to you is that you will just going to open a new demo account if your demo account get zero balance.
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08-11-2012, 09:34 AM #32
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The demo account is part of the learning process which is why its so vital. You are getting a more practical experience of how trading works and yes mistakes will happen but in here you are better off since you are not using real money and can afford to take the time and learn from them.
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08-14-2012, 11:27 AM #33
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many problem will be appear during trading, specially when a trader don't have much knowledge about market situation. problem also arise not only related to the market but also with the trader it self. usually it called psychological problem and the solution from this problem is only practice.
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08-15-2012, 12:04 PM #34
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You will definitely be learning from live trades as well because when you are trading with real money this is when the psychological factors will come into play. This is why traders learn everyday because in the demo account when you are trading with virtual money there isnt much pressure to perform.
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08-20-2012, 02:02 AM #35
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Demo account is also a live trading. as the price feed is live. I think what you really want to say is real trading right?
Because if you are using real funds then its real trading. If you are trading virtual funds then its a demo account. But demo and real account is all doing live trading.
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08-23-2012, 02:20 PM #36
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You would need to find the mistake whether you are trading by live account or by demo account. So you would be able to correct your mistakes. So I would do that so I can learn more and be able to develop my strategy
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08-24-2012, 02:14 PM #37
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You are right, the best way to improve yourself as a trader is to identify the things that stop you from being profitable and try to work on them so that you can eventually realize those profits. Even in demo trading you can still get to tweak your trading strategy so that you can eventually be ready to implement it in live trading when you see results.
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08-27-2012, 08:45 AM #38
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Its like looking for our weaknesses in forex trading. And trying to cope up with it and focus in our strengths. Although, we can say that this problem cannot be identified easily as it can be technical, emotional or the market aspect which we can't control or manage.
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08-28-2012, 01:25 AM #39
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When you found your problem, and you find a solution then that will really lead you to improvement as there are some traders who are not making evaluation with their trades as they will just simply take anything as a Gambling where luck is what they are expecting.
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08-29-2012, 03:10 AM #40
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Identifying problem is always the first step in learning how to trade in forex. Because in finding problem you find solution also. I don't recommend that you invest your money in forex trading without trying to find problem. The more you trade and the more you don't notice any problem the more its means that your in the wrong site. Because theirs no way you can earn if you don't know what is the problem in forex trading.
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