Demo Account in Forex trading?
@yugasini (12892)
Secunderabad, India
October 18, 2012 9:10am CST
Hi Mylot friend,
Now a days I wish to concentrate on Forex trading, recently I have joined in Forex trading site there I am participating in Forum. Before entering the real trading account in Forex I wish to open a demo account in " UWC" site that is United World Capital site. Is it wise to join in Forex Demo account, and some sites are offering free demo currency for trading demo accounts. I do not know this UWC will offer free demo currency or not I do not know, let us share your experience in this Forex Demo account.
1 person likes this
3 responses
@mariaperalta (19073)
• Mexico
18 Oct 12
I have always thought about forex. I have a few good friends who say they earn well from them. But its such a gamble. And Im not much of the gambling type. Have a great day my friend.
@yugasini (12892)
• Secunderabad, India
19 Oct 12
Hi Mariaperalta,
Thanks for the response, do not say it is gambling it is not gambling it is a big world class business done by most of the Governments, Financial institutions and private individual persons. Who said that it is gambling, do not worry you can also earn money by learning Forex trading without learning you cannot win in Forex trading have a nice day.
@jdalaqui (1073)
• Philippines
18 Oct 12
I was watching a video about the same subject and there I found that you cannot just invest a little amount and expect great income, you need to at least invest a thousand dollar for you to keep playing and win. I was reading one comment before mine and his advise is excellent, you must intelligently understand the system before going into it.
@yugasini (12892)
• Secunderabad, India
19 Oct 12
Hi Jdalqui,
Thanks for the response, I need not want more money in one time. I wish to invest small amounts like 25 dollars per trade and earn below 5 dollars as profit, like this I will make more money. So first I have to work wit Demo account, which Forex demo site is good for us to trade with Demo account, have a nice day.
@narnia007 (1050)
• India
19 Oct 12
If you are going to try out real time trading,it is absolutely necessary that you practice Forex in demo accounts.Learn about various factors influencing a trade and try to implement your own strategy for gaining profit.Many tips and strategies are available online,but your own experimented strategies are easy for you to follow.Usually beginners start with small time trade and then move on to long time trades.Practice in the demo account for at-least 3-4 months and make sure you are getting a profit in at-least 80% of your trades.Then move on to real time trading.In real time,you should be patient and most importantly not to be greedy and make sure your profits are higher that your losses at the end of the day.Even experienced traders experience losses.So watch out and trade carefully.
