How I can start Forex Trading?

[radex78]

Yes, the mindset has a high role in so many fields, built up a good mindset if everyone has the same opportunity to make them a successful trader, because a good mindset will encourage to keep learn and never give up, failure is only delaying success.

 

[Tumescent]

I agree that demo trading is important but we must not depend too much on the results we get from demo trading. They are meant to get an understanding of the market and that’s all they should be used for. In no way, you will be continuing your demo trading success on a live trading account. You start afresh when you start live trading.

 

[FahadMd]

there is no way to ignore the importance of demo account , but the result we see in demo account actually not works when trading in a real . so we got frustrated most of the time about demos result.

 

[LloydPhill]

there is no way to ignore the importance of demo account , but the result we see in demo account actually not works when trading in a real . so we got frustrated most of the time about demos result.

Might be same outcome, but real time slippage, spreads and conflicts of interest also affects it.

 

[FahadMd]

you got the right point , we see some difference between demo and real accounts attitude.

 

[PeterNguyen]

well for starter you should understand what is forex market is and how does it work. Basic concepts then choosing a broker suitable for you (i would suggest looking for a regulated broker). You can check more on beginner guide to forex market.

 

[FahadMd]

its a good link you have shared , got some fine lines from there , thanks for nice reply.

 

[Normalcy]

A beginner can start by studying the fundamentals of the market and trading instruments. A beginner should have a basic knowledge of what currency is, how it is traded, and where to get the data. This will ensure that the beginner has a solid foundation and can make better decisions.

 

[gabriella]

That makes sense because only your trading skills take you ahead in forex. Demo trading helps you develop required trading skills. Therefore, every trader should practice before entering into the live market.

Exactly!

 

[tomorton]

Don't enter forex trading until you are consistently profitable using a defined strategy on a demo account.

New traders who fail fall into two groups - those who don't have a well defined consistently profitable strategy, and those who do - but who decide not to follow it.