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Are you fantasizing?

Discussion in 'Beginners Bootcamp' started by Jeff Martinez, Oct 24, 2017.

  1. EuroTrader

    EuroTrader Sergeant Major

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    Forex makes you dreaming and fantasizing as it attracts people to become rich. They pay a little attention to demo trading they want direct earning from live trading without investing their time in demo practice. They should realize that their dreams can be achieved only by practice on trading.
     
  2. Thoris

    Thoris Private, 1st Class

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    For sure you need to start on demo and please be sure that forex market need to be really regulated so go with some regulated broker so if case of loose you will simply get your money back with a very big chance of doing so, thanks in advance for advice.
     
  3. Boyd35

    Boyd35 Recruit

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    Certainly, there is not much use of fantasying on forex market. Success has to do everything with very hard and dedicated work. And it takes a lot of time and energy, so not all people are ready to give up of their free time
     
  4. Boyd35

    Boyd35 Recruit

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    Yes, it is really a great idea and tip for all of the new traders to start trading on the demo account. Trading is not an easy thing and you must have to spend some time in the market for getting experience. Demo trading is the best way to get early experience as a trader. Do you agree?
     
  5. JamesForexSlayer

    JamesForexSlayer Sergeant

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    I mean yes demo accounts are vital but so is moving your strategy early on to a live trading account with 0.01 lot size to help you start to get used to the emotional side.
     
    momo3HC likes this.
  6. Enayess

    Enayess Private, 1st Class

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    That's why you shouldn't really links yourself to something like demo account for a very long time cause such situations then will happen with you all day long for real. Don't be that easy anyway;) Thanks for reminding all that once again.
     
  7. JamesForexSlayer

    JamesForexSlayer Sergeant

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    And to think I only came to this thread because it was about fantasizing haha
     
    momo3HC likes this.
  8. Kokomaster

    Kokomaster Private, 1st Class

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    Yes with demo you will get a good trading experience and skill. Keep in mind one can take bold decisions on demo to do different experiments but on live trading they should always stay with minimum lots , when they easily handle smallest lot they can go for some big lot as I started with 0.01 then did trading with 0.03 and afterwards 0.05 lot size. I stay firmed for a long time just on this lot rarely use standard lot for trading. Only with strong and sure analysis I try fantasizing with big lot when I mange it well.
     
  9. Anthony23

    Anthony23 Recruit

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    I also think that all new traders should start their trading on real account with minimum possible investment. For this purpose cent or mini accounts would be perfect choice. When they get enough experience, they will be able to increase invested capital during time
     
  10. JamesForexSlayer

    JamesForexSlayer Sergeant

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    I think demo first to develop a strategy, then follow that with live trading 0.01 lot size to learn the emotional side.
     
    Matty, Petezaa, DaveT and 3 others like this.

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