About the Beginner Questions category

Hooolaaaaa
Soy nuevo en forex, bueno en todo esto, y me atrae mucho iq option para practicar en su cuenta demo, esta bien usarla o meta trader tiene algo de mejor? veo que hablan bastante de meta trader pero me gustaría saber porque ?

Hello everyone. Just curious here​:thinking::thinking:, is paying 2k US dollar are worth it for a 2-day Forex Seminar? Thanks much… enlightened me guys.

Let me stop you right there. If someone is giving a signal about buying usdjpy, then you are accually selling jpyusd.
You are always buying/selling the first currencie over the second currencies in this case: buying usd against jpy.
I hope I informed you enough. If you have any questions, feel free to ask.

Download metatrader4 and you can open a demo account from there.

It could be worth the 2k dollars. But i do know someone who will teach you for 1500,- euro’s. I learned from him too and i can tell you he is amazing. You get into a traders chat as well to discuss and learn from each other. You get life long coaching with it and along with the course, you get some strategys with it. Let me know if you are interested kimchi.panda. Then I will set up a meeting for you.

Kind regards

Nope, not worth it.
You can learn all that stuff free from YouTube or pay a course for about $250 and teach you all fundamentals. But if you expect from a 2day seminar to get better on trading then forget it, it all depends from you and I am telling this from my experience because I’ve paid for a forex course in the beginning of my journey of trading. But if you want to improve your trading then seminars are helpful but 2K for a seminar is a joke.

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Okay thanks

I don’t think so its a good deal. There are various free ways to learn, plus forex is not a thing that can be learnt in 2 days so better look out for free courses like the babypips course itself.

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A post was split to a new topic: Do brokers charge monthly fees?

Demo account is just for practice just as a test drive but the actual drive is when you face the real ongoing situations in market, that will decide how skilled you are and will also reflect the practice of your demo account.

Hi,

I was wondering if you have finally reached a conclusion between MT4 and MT5. I will appreciate it if you let me know, too.:slight_smile:

A post was split to a new topic: I blew my account in a few hours. Any advice?

Retired Purchasing Manager and ready to trade Currencies.
Some knowledge but have butterflies.
Oanda Practice account currently but preparing to go live near term.
First hurdle is ATR indicator and how to convert the decimal point into PIPS?
Still getting confused. Examples below: Not Including JAPAN Pairs.(Different Rules)
ATR 1.2345 = 123.45 PIPS - Correct?
ATR 0.1234 = 12.34 PIPS - Not Sure?
ATR 0.0123 = 1.23 PIPS - Not Sure?
ATR 0.0012 = .12 PIPS or 12 PIPS - Not Sure?

Looking forward to some help and sharing other ideas.
ZZPIPZ

I would suggest you to try Metatrader 4 and Metatrader 5 platform, since both of the platforms are good to use.

A post was split to a new topic: How do I know if a broker is regulated and safe?

When trading on demo my used margin doesn’t change as price goes up or down…I thought it’s supposed to change but it remains static in my demo account…does the change in used margin change only in real account because it doesn’t change in my demo account

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You can practice it on meta trader 5 and meta trader 4

Demo accounts, enable traders to train and test their new trading strategies without risking real money. The money shown in demo account is virtual. A demo account is identical to a live account in terms of a trading platform, instruments etc. A Forex live account is where you deposit and trade using real money. Any loss or profit is real in live account.

You can use any platform but i would recommend you to always start with a demo account because it will be help you to practice and learn trading strategies.

There are various platform for trading that can be forex com, Plus 500, City Index.