Online Forum Andaforex Malaysia Forum Index Online Forum Andaforex Malaysia
Online Forum Andaforex Malaysia
 
 Andaforex-Daftar Forex,Deposit,Dan Dapatkan Bonus Dengan Tool Forex Percuma 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

The Advantages of Forex Demo Trading: Top 4

 
Post new topic   Reply to topic    Online Forum Andaforex Malaysia Forum Index -> Forex & Stocks general Discussion
View previous topic :: View next topic  
Author Message
sandysr
Begineer


Joined: 09 Mar 2017
Posts: 1

PostPosted: Thu Mar 09, 2017 9:57 am    Post subject: The Advantages of Forex Demo Trading: Top 4 Reply with quote

The majority of foreign exchange brokers let their clients open a demo account with them, completely free of cost. With a demo account, you get to practise trading in the forex market using virtual money. Demo accounts are so awesome that novice and experienced traders alike use them to practise trading. And the best thing about them is that you can not only practise using demo accounts, but also try new trading strategies that you think will work, or a new broker. Some of the top benefits that you get using demo accounts are discussed in this article. Cfds options are also interesting.

1. See if you actually like trading currencies
If you are a beginner trader in the forex market, the first thing that you need to check is, if you are actually mentally as well as emotionally prepared to trade currencies. Remember that every trade is different and every trader has a different style. There may be some traders who love and enjoy trading currencies but there may be others who may not like the pressure of trading. So before you invest your hard earned money in the forex market, check if it suits your lifestyle, taste and personality. And a demo account allows you to do exactly this.

2. Learn to control your emotions while trading
If you are going to trade forex, it will be important for you to learn how to control your emotions both when you win and lose. Many people think that it is the most challenging aspect of trading forex. In a way, this can help to increase your overall profitability. This one aspect is such that it can differentiate between a successful and an unsuccessful forex trader. Controlling your emotions will let you learn to deal with greed, hope and fear. Also, your chances of earning profits will increase to a great extent.

3. Trade forex with no risk
If you are a beginner trader and if you practise in a demo trading account, it will be of great help. You will become more confident while trading in the foreign exchange market using real money. The demo account lets you put your training into practice in an environment that is close to real life. And the best thing is that you get to practise trading without risking your real money. Practising with a demo account lets you make fewer mistakes eventually. Also, you donít require paying for the consequences out of your pocket.

4. Test new strategy
With a demo account, you get to test out new trading strategies that you come up with. This works for both experienced as well as novice traders. If you test your strategy before implementing it in real life, it will allow you to find out if there is any problem with it.

Following these tips can help you make fewer mistakes and more profits while trading using a live account.
Back to top
View user's profile Send private message
jenperr
Begineer


Joined: 20 Mar 2017
Posts: 25

PostPosted: Mon Jun 26, 2017 8:44 pm    Post subject: Reply with quote

Hi, I have read your all post here and the second point is so important because it many people have lost huge amounts of money. Forex market work on analysis not on emotions. So, all the beginners please note down these four points and forex trading will become easier for you.

Goodluck!

______________
TraderVC trading platform
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Online Forum Andaforex Malaysia Forum Index -> Forex & Stocks general Discussion All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum


Powered by phpBB © 2001, 2005 phpBB Group

Hosted by ForumCity