Search results

That’s true! Demo and live trading accounts differ. While live trading, we have to take care of our emotions and risky management, which traders usually ignore when they practise with demo accounts. Also, the price fluctuations vary in both accounts. However, demo accounts prepare you with one...

There are many ways you can implement to minimise losses. Stop losses, for instance, are incorporated the most in your risk mangement strategy. You should also know how to control emotions.

It depends on how fast you learn everything about the market. Once you’ve mastered all the skills in trading and you’re confident enough, you are ready to trade in your live account.

Without taking risks no one can ever trade in the forex market. Forex trading can never be rewarding without risks. However, you’ll have to be very careful and invest what you can afford to lose. You’ll have to be very efficient in risk management as well.

As a newbie, you must focus on the learning process and the more knowledge & experience you gain, the better you’ll be in trading. Sharpen your trading skills as much as you can and start with a demo account at first. Clear all the basic concepts and practice hard.