Very important to minimize the risk, demo account is a free virtual account useful to backtest a trading strategy, but need seriously to learn how to manage account, sometimes newbies playing demos just for fun.
How I can start Forex Trading?
- Thread starter hardeepkaur
- Start date
starting is not at all as difficult as it seems, only everything will depend on you yourself, on your mood and plan for work
to start trading is very easy but the main challenge is keep surviving successfully , beginners always fall a great trouble when they try top bring profit with no learning.
The fact that you are asking this which means that you have no idea where to start first. Can I recommend you to start learning on what forex and trading in forex are all about? You can check out this good course: https://babypips.com/learn
And then you can also keep checking out any youtube channel which can help you to get better understanding, visually. No Nonsense Forex has some great stuff to check out.
All the best.
And then you can also keep checking out any youtube channel which can help you to get better understanding, visually. No Nonsense Forex has some great stuff to check out.
All the best.
As a beginner you can start learning off from babypips and the free content on YouTube and telegram
once you gain confidence you can apply for a funded account
There are prop firms in this industry which give you account upto 300k to trade and have a profit split at the end of the month
you simply have to pass 2 challenge phases and you get a fully funded account
with Funding talent you can also apply for a Flex classic account where you earn while you learn,
there are no challenges requirement, simply pay a one time fee and access a funded account and alongside receive a portion of the profit you make
Once you gain confidence and funds, you can then apply for a challenge account where you get profit spilt of 90/10 in the favor of the trader
feel free to reach out for any inquires
Babypips is one popular site among traders, education class is easy to understand and with interactive fun sentences, learning like as in play ground makes a fun.
So how is it going for you so far? Were you able to understand the basics?
basic education is really important but it can be useless if there is no regular level of practice , so should focus on there first of all.
demo is okay , no doubt but the main problem is when we try to implement this knowledge in a real account not works .