I plan to use demo for 3 to 4 months. I will do a quick research on the forum and see if I can find couple of names for demo account candidates. Thanks so much.
Thanks so much, Yes next step is to get a demo account and try it for 3 to 4 months and learn more.
Try applying a miving average to the RSI. The moving averages should be applied to previous indicator’s data. The moving average should be at least 75% of the RSI value. For example, if your RSI is 14 then the moving average value can be a 9. Try that and look at major turning points on a chart
Good decision, but I request don’t trade in demo at random , most of the traders don’t trade in here seriously and they get nothing from here. Just focus in demo and trade with your knolwdge that you have acquired. Good luck.
If you are not trading from a US address, FINFIX in Finland is the best broker on the planet. From the US the best one is FXChloice. 20K is a perfect start if you can afford it. Don’t forget a fool proof money management plan. Your #3 objective of basing a entry/exit plan on RSI, MACD, and candlesticks would be my last choice but if you can make it work I am for what works. Gary
Ouch!
You might want to read this post:-
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Every broker can be better if you have most powerful analyzing trade knowledge with exact money management plan.
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This is just rubbish.
There are good and bad brokers, regulated and unregulated brokers, honest brokers and fraudulent brokers.
It’s very important to take care and select a decent one.
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Sounds not good mate. It would be great if you replied gently, by the why so many brokers are available right now in this retail market place. So, of course it is not an easy task
I really don’t think so! I live in Finland and this is definitely not so! Where did this idea come from???
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Years of experience before we were not allowed to use them from the US anymore. Sorry your connection with them was not good.
They have never been my broker nor would have ever been based on prior due diligence. Nor are they, to my knowledge, even operating as retail brokers?
Trading requires proper planning and organized behavior. You must be decent and smart enough to tackle the situations which will be quite tricky. It can be done by gaining market knowledge and implementation of this knowledge on the market. What do you people think?
If that 20K is your choice, than do it. Just don’t put them all in your broker account. Say 500 - 1000 only. Put the rest on separated bank account, and don’t withdraw to buy lunch.
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All the new traders are advised to enter the market with full of confidence on their trading techniques. You have to prepare yourself for the future challenges as it will be a learning future for you whenever you will enter a new trade. Do some good paper work after entering and leaving a trade.
Yes plan to do the demo like actual trading and not just playing. More like wait for right setup, make the trade with real profit and risk targets and then write the reason and result. So I want to disciplined from the beginning.
OK will do. Thanks much
This is in a way planning for it and getting organized will be the demo trading part.
If you can be more disciplined from beginners level , of course within very short time the maximal result will come out. Because, due to lacking of discipline by and large traders become loser form this trading place.
To becomea good trader you need to study a lot and also never stop learning even when trading. Always add something new to your trading process.