Recent content by Summer_552

A long position means buying a currency with the expectation that it will rise in value

Advantage: There are no risks on a virtual account with simulated money. Thus, mistakes made on a demo account will help you not only learn how to trade, but also avoid them in the future on a real account Disadvantage: Forex demo trading provides a virtual environment for trading virtual...

Margin call is initiated when the margin requirement (i.e. the used margin level) drops below the required level. The call limit has different percentage for different brokers. Once the call is initiated, one would be required to add funds to the account or hope for the market to go in your...

I began with using the basic scalping strategy on a demo account, which was supported with the analysis of global news. I am still learning about the testers from the major social forums.

According to my trading strategy, it is beneficial to stay on demo and live simultaneously because trading has a wide spectrum to play with the various strategies and trusting your instincts; in which demo accounts can help. But defining a time period to first stay on demo and then creating a...

I am not addicted to trading but i believe that trading requires a lot of patience to see and observe the changing patterns and to decide on the future action. I do see analyse the charts the first in the morning. But, i would not call that addiction (sigh)!!