How do I make my first trade .?
Hi, best to open a demo account on a trading platform first like meta 4, and read the babypips school on here multiple times, 6 months ago i knew nothing about forex, and with hard work evenings and weekends when i am not working i am now making small profit, but its by no means easy, regards, Adrian.
demo is important , there is no way to ignore , but honestly speaking demo can be useless if there is no seriousness , generally we take demo as time passing and trade at random.
if you dont like demo account , should choose the real account with minor balance. its supportive to make sure to acquire live trading experience.
Agreed but if the question is how to place a trade then demo is defintely the one for now. But yeah totally agree that it is important early to get the feeling of actually risking money.
most of us dont believe the importance of demo account , actually the main issue is consistently survive.
there is no difference between demo and live ,
the main different its all about psychological issue , nothing without it.
Yea, but psychological issues arise because there’s actually no money involved in a demo account.
totally agree with all the messages, the only thing i have to add is when i used demo i must have had some luck as i seemed to place trades on a high loss size with {pretend} money and made serious money on high loss size and thought i am ready to earn this for real, how wrong was i? When it came to picking trades i wasnt putting trades on as i knew it was my hard earned cash i was risking, it was quite a few days before i placed my first real trade, and that was a signal of a friend, best advice a fellow newbie can give, start with a low amount in your account and trade 0.01 loss size, regards, Adrian.
Bro if you’re asking that question you should be demoing
Think about it. You don’t know how to place a trade, add a stop loss or take profit but you really want to throw your real money in an account and learn the hard way? I mean ok but that’s an easy way to blow an account.
Someone really said there isn’t a difference from real account and demo… uh YEA THERE IS
One is real money one is fake money. HUGE DIFFERENCE!
good luck