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  1. #61
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    the best time to open live account, is when u already understand about forex trading by reading a lot of article of forex trading by any indicator, and also u already trading by demo account, and u already understand how to do forex trading. when u already have bot of them, i think u ready to have live account

  2. #62
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    in fact each trader practice trading on a demo account will eventually open a trading account in the real account with deposit of capital to be developed, and this will manifest when the results of the exercise have been getting great results

  3. #63
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    For a trader, one of the most important steps they need to do is acquire knowledge that will help them trade wisely. It's also important to diversify your portfolio because if one asset falls, the profits from the rest will cover the losses.

  4. #64
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    Usual period of training is 6 month - 1 year, then you can open live account but get used to it gradually, starting from small stakes to avoid psychological derangement which results in greed or gambling feeling especially when you lose

  5. #65
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    The best time to open live account is when you reach consistency in your demo trading for at least 3-6 months if you are day-trader.

  6. #66
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    No amount of time practicing with a demo account will contribute to any degree of success in your real life trading. Anyone can learn the terminology and technical aspects of the trading but that’s only a small part of it. The main and most important aspect has to do with the emotions. You must learn to keep your emotions in check or you will not succeed.

  7. #67
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    Demo Account or Paper Trading account will give information related to platform you are using and if you are new trader, you can see how to utilize different tools provided by platform. Be aware, even if you make million dollars in trading, has no guarantee that you will not lose all your account (and more) in real trading.
    When people do paper trading, there is no emotions attached to position as we know we are not getting money or losing real money. But when you trade with real money, your trading will be impacted by fear and greed.
    I will say, if you can spare couple thousand dollars, you can open real trading account. Make sure to follow trading principals about position size, trade management, etc. Have a plan before you open a position and follow it to the end. If you have plan, you already know how much you will gain or lose per position. Don't allocate all your money to single instrument. Don't invest with all your account balance to safeguard yourself with large market move. If you are having cash reserve, you will be able to trade more tomorrow. I try to keep 50% in cash and rest 50% invested. It depends on your situation.
    hope this helps.

  8. #68
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    In a demo account, you dont worry much about losing trades. But when it comes to real account, you worry about every losing trade. What I believe is psychology acts differently in real and demo account. The best thing I see is finding some rules to enter and exit from trades and strictly following those rules without violating. As an example, if a new high is formed in daily chart, the trend is up and it is better to go for only buy trades.

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