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confuse

Discussion in 'Beginners Bootcamp' started by snow white, Apr 24, 2008.

  1. snow white

    snow white Recruit

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    Dear Sir,

    I still confuse trading, I still collect my money to real trading again Sir :nerd:.
    so I thought that when I get mail from you that's a new weopon :embarrassed:, so when I can't opened it I get :confused:.

    I hope I can collect money to trade again, and can you tell me in where I can play safty ?? to withdrawal and trading ??

    thank you,

    Snow white
     
  2. Cyclon

    Cyclon Company Representative

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    Start with education and demo account

    Heh snow,

    Always start with education and only use a demo account until you are thoroughly familiar with the market and all your execution tools and brokerage procedures.

    Do research on FPA review areas. There are tons of resources for free. Use the trading strategies threads after you have the basics down and try out some with your demo account.

    You (we all) only really learn from (y)our mistakes, anyways.

    Eventually you will want to settle at least for a while on one strategy and one currency pair to keep the level of confusion down to a minimum because you may find there is actually too much info out there. By doing this you will tend to 'see' more details.

    Best of luck and good trading to you.

    Cheers
    Cyclon
     
  3. Lhar_fpa

    Lhar_fpa Private, 1st Class

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    I agree with cyclon, you have to practice on a demo account first before taking the plunge. There's a lot to learn from demo. Also you have to familiarize yourself with the technical analysis and the fundamental analysis. Hope this will help you.
    Good luck in trading!
     
  4. Shuvalov

    Shuvalov LiteForex Representative

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    Demo accounts are useless. You don’t feel responsible for end result trading in the demo account. It would be better to start with lite accounts.
     
  5. Pharaoh

    Pharaoh Colonel

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    I'll have to disagree here.

    There are large psychological differences between trading demo and trading live. Even so, testing a new forex trading system, strategy, or EA in demo can give you a good idea if it's worth risking even 1 cent per pip to try it live. Also, if a forex broker's demo account performs poorly and/or the broker provides poor support while you are demo trading, it would be foolish to send even a small amount of money to that broker.

    If you are new to forex or want to try a platform you are unfamiliar with, demo trading is a great way to make sure you know what to click (and what NOT to click) so that your money doesn't disappear by accident.

    Once you are satisfied with demo performance (both of your brokerage and your forex trading method), then graduate to a live account that lets you trade microlots or nanolots.
     
  6. Rat

    Rat Private

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    Step by step. There is no (truly) trader jump on live with out practicing demo trading.
     
  7. elah024

    elah024 Private, 1st Class

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    there are. those who ended up in a big loss. aggressiveness sometime may lead you to crash downs. it is still best to be patient and take time easy.
     
  8. Shuvalov

    Shuvalov LiteForex Representative

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    OK, I have to take part of my words back.

    I’ve been trading for several years and I use only one strategy. So testing new trading system didn't come into my mind.

    Agree.

    Ok, to know what to click is a good thing.

    All this is good. But how much time will it take you to examine your broker and learn the buttons? As for me I got bored after several days. As you said:
     
  9. avaya1386

    avaya1386 Recruit

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    hi Shuvalov,

    Almost everyone is telling newbs to start with a demo account til he/she is already comfortable to trade live. What are the benefits that you got by trading with real money right away?
     
  10. Lhar_fpa

    Lhar_fpa Private, 1st Class

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    Remember the ancient saying "Patience is the key to success", because even those who are an expert traders, still use the demo account. ;)
     

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