Hi, I’m a beginner mulling over joining the forex community but the numbers and charts scare me. Could you suggest the right step towards developing a strategy or a plan?If you approach trading wisely, develop a good strategy, a trading plan, then you can work part-time.
Well, it’s not that difficult as it may seem. Start by learning all about the trade and the fundamentals without which you’ll be lost and end up losing money. It’s important that you test the waters before diving right into it. So make a demo account with a reputed broker. There are many brokers like Fxview, eToro, Pepperstone, FXTM etc that offer you platforms to trade on and familiarize you with the trading environment.Hi, I’m a beginner mulling over joining the forex community but the numbers and charts scare me. Could you suggest the right step towards developing a strategy or a plan?
I hardly believe demo accounts give a real world trading experience to the beginners. And moreover if one’s spending time and months learning tricks of the trade, why not go live trading?Well, it’s not that difficult as it may seem. Start by learning all about the trade and the fundamentals without which you’ll be lost and end up losing money. It’s important that you test the waters before diving right into it. So make a demo account with a reputed broker. There are many brokers like Fxview, eToro, Pepperstone, FXTM etc that offer you platforms to trade on and familiarize you with the trading environment.
Agreed demo account is different from the live, but let’s just consider them the platform to help the traders trade actual market scenarios and work over the strategies they’ve planned out. Once the trader’s confident and ready to start, they can go live. And contrary to the notion, demo accounts work just fine with both amateurs and experienced traders.I hardly believe demo accounts give a real world trading experience to the beginners. And moreover if one’s spending time and months learning tricks of the trade, why not go live trading?
Welcome Cortney302 to the form! I would suggest you gain proper skill and knowledge about the forex market. Don’t forget to test your learning on the demo trading accounts. You can post your doubts here, I assure someone on this forum will definitely help you.Hi, I’m a beginner mulling over joining the forex community but the numbers and charts scare me. Could you suggest the right step towards developing a strategy or a plan?