Yes, Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best...
Yes, it not just opening and closing trade. Trading is an art that requires specific knowledge and skills. Most people come here by thinking trading is very easy. But it's not. You have to put a lot of efforts to learn the art of trading.
Both experience and knowledge are important. Actually they both are related to each other. Education is must for forex trading as it is a work of professional. To become a professional you need knowledge. You have to reliably sharpen your trading learning if you have to stay long around here...
If any person is really expert, of course he is making money. Forex trading is a work of professional. It requires knowledge, skills and experience. That's the reason very few people are making money and most of people are unsuccessful.
Yes, you have pointed all out correctly. Anyone can't be a trader just by entering into the forex market. To be successful, he/she has to be skilled enough. And skills do not come easily and overnight. For this one has to give time and efforts.
Yes, there is no short to success. In short time anyone can get some temporary success but for sustainable success, it needs time. But most traders do not try to understand this simple fact. They live in fool's Paradise. They want to make quick money without necessary skills and knowledge.
Yes patience is the virtue. In trading you have to show maximum patience. First of all it needs a lot of time and effort to learn the art of trading. If you think within 3 to 6 months I will learn and make money, you are absolutely wrong. You may get some temporary success but for long term...
Yes, All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
By using a dealing desk, a forex broker who is registered as a Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) can offset trades. If a no dealing desk system is used, positions are automatically offset and then transmitted directly to the interbank.
Yes patience is the virtue. In trading you have to show maximum patience. First of all it needs a lot of time and effort to learn the art of trading. If you think within 3 to 6 months I will learn and make money, you are absolutely wrong. You may get some temporary success but for long term...
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