Basic Education

Peter Borren

Active member
Apr 8, 2017
165
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#1
Before starting my demo, I used this type of basic education! Frankly, I respect my trading profession so I gathered Forex history so willingly! In addition, before opened my practice account I also learned mt4 trading platform with details! In addition, I started my demo with technical analysis than I go for news analysis and 3rd part was all about sentimental analysis!
 

june_girl7

Active member
Apr 9, 2016
314
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#2
That is right, you must first learn what you are going to work and how you are going to work. Trading needs skills and knowledge which needs education.
 

Peter Borren

Active member
Apr 8, 2017
165
2
28
#3
That is right, you must first learn what you are going to work and how you are going to work. Trading needs skills and knowledge which needs education.
Skill and knowledge is more appropriate for complete trading , I admit. But besides this you have make sure a perfect practice , otherwise all attempts can be useless.
 

progix

Active member
Feb 25, 2016
206
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#4
Perfect practice can only be done on demo accounts however i usually suggest back testing a strategy on demo account before implementing it to live trading accounts.
 

Peter Borren

Active member
Apr 8, 2017
165
2
28
#5
Thank you Pro, nice advice. This approach always supports us to see the strategies performance how it works.
 

june_girl7

Active member
Apr 9, 2016
314
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#6
Demo account can help us to have good knowledge about trading but for real investment, we must use a small account to try our demo experience with it. So that we can have an idea about, how we can manage the real trading.
 

Kaeso

Active member
Oct 4, 2015
862
91
38
#7
Demo account can help us to have good knowledge about trading but for real investment, we must use a small account to try our demo experience with it. So that we can have an idea about, how we can manage the real trading.
yes you can gain experience in taking the pain of a loss or the joy of a win without letting it effect your next trade too much :)
 

SmartGeek

Active member
Jul 5, 2016
237
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#8
Demo give us an insight of the real world of Forex, and that too without risks, but it makes the traders irresponsible, thus you need to be very serious while doing it.
 

june_girl7

Active member
Apr 9, 2016
314
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#9
The first thing learned in the forex is to know first of all terms that are related to forex. because these terms will be used in the forex. it is important to learn. after this reading forex articles and books that we gain insight.
 

SmartGeek

Active member
Jul 5, 2016
237
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#10
Yeah, Proper practice could achieve proper amount of success in the Forex Trading, you need to have a good amount of practice to gain the knowledge which is good to achieve success in the Forex Market.
 

june_girl7

Active member
Apr 9, 2016
314
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#11
Everything about currency trading can be learned with the right FOREX trading education. Trading actually looks quite simple but the reason most traders fail is not they can't learn a trading system which can win.
 

gerryg

Active member
Sep 9, 2013
915
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#12
What about education from brokers? Any of them offer advanced techniques or they have only basic introduction for newbie traders?
 

SmartGeek

Active member
Jul 5, 2016
237
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#13
There are many brokers online, which makes it more and more difficult to select the appropriate one who can give us proper amount of knowledge and help us survive in this risky market of Forex.
 

gerryg

Active member
Sep 9, 2013
915
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#14
There are many brokers online, which makes it more and more difficult to select the appropriate one who can give us proper amount of knowledge and help us survive in this risky market of Forex.
Competition between service providers or producers is always good for customers. You will receive better quality or price and our feedback posted on forums is essential to keep brokers in fit, caring about their clients. Its a part of our collective duty to report about problems or positive things of cooperation.
 

SmartGeek

Active member
Jul 5, 2016
237
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#15
I think you missed the point that the we are here discussing the about the Forex Market. So do share some details regarding in the Forex Trading.