robertslynnp
New member
Many people frequently inquire about their ability to learn to trade the forex market using a demo account.
Actually, forex trading takes a combination of knowledge/strategy, psychology, and money management.
Only one of these three essentialsβSKILLS/STRATEGYβis provided for by DEMO accounts.
You won't be able to fully master the other aspects of forex that are even more crucial than methods themselves with the forex DEMO account.
In conclusion, using a demo account to learn forex is OK but not recommended if you want to develop into a skilled trader.
Once you have a solid approach down, you must then learn how to apply it in real life.
You can start with a tiny balance, build up your stakes over time, and gradually improve your financial and emotional management skills.
Greetings and best of luck to you as a novice.
Actually, forex trading takes a combination of knowledge/strategy, psychology, and money management.
Only one of these three essentialsβSKILLS/STRATEGYβis provided for by DEMO accounts.
You won't be able to fully master the other aspects of forex that are even more crucial than methods themselves with the forex DEMO account.
In conclusion, using a demo account to learn forex is OK but not recommended if you want to develop into a skilled trader.
Once you have a solid approach down, you must then learn how to apply it in real life.
You can start with a tiny balance, build up your stakes over time, and gradually improve your financial and emotional management skills.
Greetings and best of luck to you as a novice.