bluemac

The fear and greed can only be overcome by trading a demo and having a proper trading plan so if the goal is achieved or not we should not do over trading and rather review our performance for improvements.

PAMM is also good but the new innovation these day is the copy trading and some also term it as social trading where the experts can showcase their skills and make additional money by offering copy trades to the beginners.

I beleive these deposits bonuses or any bonuses come with certain terms and conditions which needed to be fulfilled in order to make a withdraw. Those who wish to avail any bonuses of the brokers may read the terms properly before availing them.

The CPI/NFP news have huge impact on the market movements so i believe we can wait for the news release impact the markets and then take the trade if necessary or stat on the side lines.

Most of the brokers usually pay in trading credit which can be fine since it pushes for trading more in order to get profits for withdrawals.

Have you found any luck so far in practicing for sound execution using this contest, i means any monetary award as well.

Is there any brokers like hfm, octa, xm, eness, lmfx etc giving any giveaways these days?

Even after using a demo account, i guess starting with small can be good to further test brokers processes as well.

Some traders prefer fundamentals to trade while some of the traders use technicals, it depends on what you understand easily and follow for success.

Broker's virtual to real trading contest can be a good way to earn recognition as well as prize money. I see there are many brokers offering these contests to keep their traders motivated.

Backtesting can be a good tool to practice before jumping for live trades. We can use demo to expedite our learning process because they come with free virtual funds and live market conditions.

Does it works with HFM's mt5 as well..?

The traders are well versed in managing all the associated risks with their trading and thats why both risk and money management is important to learn.

Trading does not promise riches right over the night yet if we learn the skills we can make good money enough to support our dreams and does not have the worry finding work and payouts to rely any further.

Write in a little more details please, are you talking about the institutional order flow or something else? Please specify!

I have heard that the winners of these contests receive trading credits instead of real cash, what is the reason behind?

I can say better to check the repute since there are many bad examples of the past where even the regulated brokers turned into scam and never paid back to their traders.

Demo accounts are provided by the brokers like hfm, xm, lmfx, exness etc to test the processes before investing money with them, this is just another function of these demo accounts.

Nowadays we almost have everything for free on the internet we just have to properly search for it rather than paying for the things which are actually free.

Even we can do the right thing to withdraw profits leaving the necessary capital with our broker to stay on safe side.

Demo accounts comes with their own benefits starting from testing any brokers processes without depositing money with them to back test any strategy before implementing it to the live account.

There are many brokers like hfm contributing good webinars designed by the industry experts just for the sake of traders' education, i think these webinars might be good read too.

Taking up to 2% risk of the total capital is the industry standard however we should risk less than that and use a trade journal to review periodically and improvements.

Essential part of the risk management and churning with the possible probabilities to lose less and win more. This is yet another skill which is required for consistently profitable forex trading.

I guess better going through some of your own research shortlisting a few brokers like hfm, xm, exness, lmfx etc and comparing them together to find out which one suits to our needs.