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There is nothing that you can do and others can’t in the forex market. It is all in the books that traders like you and me read.

It’s not only beginners who use demo accounts but also professional traders who don’t risk money without testing their strategy on their demo accounts first. They focus on preventing losses more than on making money.

My dad’s been mentioning a lot about the trade size and probably that’s the reason he’s successfully trading exotics.

Can’t agree more! Until you find what you want to achieve and what you can do for that, it is hard to determine which strategy you can use. When I was struggling to find an answer to this same question, I did a lot of market research and training. As I have been a day trader, I had that kind of...

Remember that it takes at least 2 tops or bottoms to draw a trend line that’s valid and at least 3 to confirm it. The steeper you draw a trend line; there are more chances of it being less reliable. See if you made this error earlier.

Remember that it takes at least 2 tops or bottoms to draw a trend line that’s valid and at least 3 to confirm it. The steeper you draw a trend line; there are more chances of it being less reliable. See if you made this error earlier.

My experience says the number of trade signals will increase and more signals isn’t always a good thing. You might end up overtrading.

How about you guide your mother that an EA is in fact a great option especially for the beginners. Review the trade on your behalf and decide whether there should be a trailing stop, stop loss, or a take-profit.

I don’t think so since it's server time. But yes you can try using an EA to change it according to your preferred time zone. Which broker are you trading with? Fxview and Avatrade lets you do it with an EA.

won’t say that demo accounts are like live accounts but then this depends on your brokers. I’ve tried and still demo trade sometimes to test the strategies with fxview and avatrade and their demo accounts are exact replicas of the live accounts, like real market conditions and prices.

Tried my hands and luck trading Singapore dollar and what paused me was not the volatility, but the high spreads because of it.

How about trading the exact small capital in a demo account that you’ll be doing in the live market? There are brokers who allow traders like us to trade a fraction of the demo account capital. Give a shot to fxview, pepperstone, or avatrade. might work similarly well how it did for me.

Did you try making your demo realistic by excluding orders that you would haven’t filled in the real trading? Also there are options like factoring in the slippage, not going over the board with the capital amount, and incorporating the external stimulus making the demo wins and losses real.

If I recommend you a broker then you would always be in that loop. Explore your options as much as possible.

No doubt that people can do trading without the scripts and features of TA software, they are not more than just a terminal on to which we can put the indicators on the charts. However I have been doing automated trades to make an income without actively trading. I think it is necessary to use...

Really? Twice?? I started with $200 in my pocket to invest. I found out about brokers that do not require a lot of deposit and put my first 200 with fxview. Call it my luck or my market study brought results, in 3 months my 200 grew over 3k. Thankfully I never came in a situation of getting a...

I absolutely agree but when there is not much time at hand these technical analysis tools are very much beneficial. One can identify the opportunities to trade which otherwise may have been skipped.

I precisely do what you have mentioned as the first option. Splitting funds into different accounts helps on many grounds. When 1 is down and under you don’t miss out on trading good days. Comparing pricing is another plus. Keeping both funded is not hard when they don’t ask much in terms of...

This happens when you trade with your broker as the other party. Don’t worry this is not something you should be concerned with.