Thing is, demo is easier to trade and make a profit, but demo accounts are not unrealistic. Making a profit on demo is only a starting point - but if you fail to be consistently profitable on demo, definitely do not go live.
If you are new to forex just don't start with big investment, go little slow. Firstly make sure you have good trading experience with Demo account only then you will be able to trade in live market with real account.
In demo account, real money is not involved otherwise it is really helpful. In fact, experienced traders still use demo account for backtesting new strategies.
Losing is inevitable for new traders. I like your comment. He would figure it out soon after losing several times.
I agree. Demo trading has a huge role to play in the life on a newbie. So they must practice for a good 7-8 months on demo before staking their real funds.
True its important to practice for a good time on demo and not just 1 or 2 months if a newbie wants to gain a fair idea of how its actually done.
Absolutely agree here. Instead of trading a number of pairs better trade 2-4 pairs for the start for a better understanding. Just remember success doesn't occur overnight in forex, so focus on learning as of now, clarify your doubts and work on your skills. All the best!
There is no need to rush and immediately tackle everything on the sly, you need to enter the trade, and then there will really be a result.
I agree, we gotta take our time and figure things out first and be patient all this while for best results.