Please your advice is needed

Hi,
I’m wondering if I should open a demo account now that I’m taking the elementary course or wait till I finish all the courses here before practicing what I learn theoritically. Pls what will be the best for me cos am a newbie to Forex.

Hi :), I think you should finish whole course, focus on one thing in one time. Now you need to understand how forex work, this is fundamental ( first step ). When you finish course, begin practice on demo account (second step ). Regards Greg

2 Likes

My firm opinion is that one should open a demo account the moment they learn the basics about how to do that. But I do have to stress that applies to demo account only.

2 Likes

I think that would depend on how comfortable you have become with reading charts. If you can recognize patterns and structures easily then you can start on a demo otherwise keep learning and carry on observing the market for a few months more.

1 Like

I think you are over thinking it,

Open the demo account.

2 Likes

Hello , i think its better to open a demo account so you can keep on practicing what you learn because forex trading is a very practical venture

2 Likes

What course are you taking?

I agree that it depends on how well you understand the concepts.

Yeah, complete the whole course, take notes (i made mind maps when i first started learning) and then dabble around mt4, of course that includes opening a demo account. Cheers

Hello, I would like to know what platforms can i use to do a demo account? i tried mt4 but im having hard time with. thank you. i am a beginner

I think finishing your course first would be better.

thanks im a 5th grader now. :slight_smile:

Try OANDA for demo account

I advise opening a demo account initially and not even thinking. For a beginner, this is just a necessity that will help you learn to work.

[Edited for a Forums Violation]

finishing course is more appropriate for beginners including a demo account, but newcomers generally ignore that issue most of the time.

1 Like