That true but working on Demo account with serious mood is also important fact for learning Trading. If you are doing demo for just like a pro and not serious about your work then there is no meaning of wasting time here.
None can predict the market 100% true, we all try to calculate the market according our strategy and analysis but we never got the 100% true about our analysis.
Every trader in a market is using indicator, there is no doubt in this. You are going to use MA for trend issue and fibbo for many other analysis. So saying that, you are not using any indicator is meaningless.
That is very true that scalping is always in market and every other trader is using it to earn money in short time of period. But it also having its own risk with it.
The demo can improve your knowledge of market and analysis but to work in real market you need attitude of surviving the risk with every movement market.
I will suggest to everyone that demo is important. There is no specific time to learn on a demo account, it is all your choice that how you want to learn but keep in mind that learning the right and with maturity is important.
Right, first test yourself with this business, if you are good to go and have a good profit in return of your knowledge then only set your goal for trading and how you are going to get it.
The main reason is that Forex is risky and if you can not handle it then you must stay away from it. It is all about your knowledge and education if poor people can afford it and try their luck they can also be successful here and make a life.
That is true that trading with high leverage and big size lots can be very dangerous for your account and money both. There are many traders who are trading like this but they have experience of the market and know it well that how to handle the market in difficult situation.
There is no need to decide broker before you start learning. If you are not well educated with market then how you can expect that a broker is going to help you for your trading and going to earn you profit.
Leverage can be an important factor for profitable earning in Forex but it can also be a negative trade for your account as it is a high risk of our money which we have invested in market.
If a broker is going to provide you any leverage then it does not mean that you should use that only just because a broker is providing. use your mind and then choose the right way to trade.
People should start with learning. Forex can change your life but it also needs skills and knowledge to trade in this risky market. Without risk, there is no gain and that takes a time to understand the market.
Leverage is an important tool for trading. If you will learn it well then you will gain more profit. Experienced traders know it very well that how this tool can manage your trade and risk to grab more profit from trading.
I will say Forex is for those who are ready to learn the market and face any difficult situation without any fear or stress. Because the market is risky and if you can not handle the risk of your investment then you can not survive this business.
Forex can be a good source of income if we are serious about our work and ready to take a risk with our knowledge. Without learning the market, there is no gain in your wallet.
Demo account is the best way to start learning about Forex and trading in the market. But it will work only if you are serious about trading and ready to take a risk in live work also.
The post is actually very old but who ever come gives his opinion about the question. No doubt demo is the best way to start learning Forex but you should also understand that risk with a market is always there so be serious about this work.
Right, 5 days of a week and 24 hours a day, Forex is on for everyone who is willing to trade in this market. But Trade only when you are well learned with the analysis and Forex.
Demo account is essentials to trade in this market and everyone should work on it to gain knowledge but after the demo, you should look for a mini live account to test your skills and knowledge about the market.