okamiraito

Be profitable in demo isnt a proof for beeing successfull with a live account. It's no problem to loose a couple thousend bucks on demo; you will think "damn next time i will do this and that" but you cant compare this to a real account. If you loose money with a real account you have to face emotions like fear and greed. It hurts when you loose money. So my advice is start small, i mean really small get a micro account fund it with 100$ and trade it. You will recognize a total differenty approach and feeling for this. Just my 2 cents

Hi Moritzm,

Thank you for your response.

I will take your advice... :D

Start with reading and watching the Forex training video before you are start with demo account. This will help you to practice. If you have no foundation, you will making Forex as another gambling machine. Keep practice with demo account until you are able to minimize the loss.

 

happy trading.

Thank you duderex. Hope i can get better in trading. I still practicing in demo account. I was so busy these past few days..

I use both. demo account to pratice and make my trading skills be better so i can trading be better with my live account.

Hi Alify,

Thank you for your reply. Yeah i think it will solve my curiosity.. Hope i will get better in trading.. :D.. Anyway, how was your experience in your first live account trading?

get familiar with the market and your platform on demo but do not spend too much time with it. There is huge emotional difference between demo and real money, so after you have some practice go live with very small amount. You can easily increase it when your live trading is going well

I was about to type this same thing which is excellent advice doky.

 

okimarito, I have seen similar requests and seen replies that state not to demo, but to jump right in and taking such advice from fools will guarantee your failure trading the currency markets. What is your training with the forex?

Hi doky and ForexMike,

Thank you for your comments. I tried to register as a demo account, i am not yet mentally prepared to use my real money.. :D.. anyway, i am curious, if i have to go through in live account, i am not sure enough how much money would i need to deposit..

Do let me know if you ever come across a newbie who is confident enough to trade on a live account instead of toying with a practice account first. I would love to meet him ;))

Hi Kakrosie,

You have point there, i also want to have some conversation to that person and ask him/her about his/her experience.. :D

of course demo is the best to start off. you need practice before you start putting your real hard-earned money into trading.

Hi Kristianto,

Thank you for your comments.

I agree with you, i have been reading some replies to go for demo first. But with your experience, how long have you stayed in demo account?

Hi Guys,

Does anyone have comments or suggestion which one could attract most for new traders? Would it be a Demo Account or Live Account?

Hi Guys,

Does anyone have suggestion which products should i concentrate on trading? As i have read in all articles about forex, they always show for EUR/USD, just like in the HYMarkets.com education page hymarkets.com/english/education_tradingbasics_b.html

What can be the difference with the other products? What are their pros and cons?

Hi Everyone,

I am okamiraito, a website developer and Flash animator/designer, who is willing to learn about forex trading. I am aware that as a trader we can earn a lots of money by trading. In my field of web development, there were affiliate software that lets me earn while posting some banners in my websites.

Upon browsing some affiliate website in line with forex trading, i was able to encounter the HY Affiliates website that discussed about forex trading and how to earn money by becoming an affiliate. In that affiliate system, HY Markets and PIPTrade was introduced.

Hope to learn more about forex trading in this forum so that i will be able to explain to any client when i try to post some banners. When the time came that i have enough knowledge about trading, maybe i will try to do some trading that can also contribute to my earnings..

Hope you can help me guys and may this also inspire you..