True words. Demo trading is "common sense" - that's a very good and convincing way of putting it.

Is demo a step before real trading?

I agree, always advisable to try out your strategy on a demo before trading on a live account. Even some of the most seasoned traders consistently make use of demo. Going live once doesn't necessarily mean quitting practicing on demo.

Demo Forex VS Real Forex

Since there is no 100% accurate trading strategy so I doubt there are any traders with 100% success rate. It's very unlikely to stay in this business for long without having suffered any loss.

Are there really traders with 100% Success Rate???

Reliable or not, forex trading is challenging. Like running any business there are expenses and it takes time and effort to succeed.

Is Forex reliable?

I've been using Forexchief.com because of their low spread, good execution speed and hassle-free withdrawals that can be made through a variety of options. They offer leverage from 1:25 to 1:000 which is more than enough for a person who is careful ...

Looking For A Good Broker

Sorry mate. It appears they are a scam. Check out here url

Broker Discussion

Unfortunately, there is no method through which you can change the platform's time zone. Soon you will get used to it, besides our local time is insignificant compared to the market time as that is the time which is used to find out which trading ...

Broker provided MT5 wrong time zone

Consistency does not mean all profit and no loss. It means that you ensure you gain more through your wins than you lose by your losses especially by way of cutting losses early.

Consistency

Too risky to keep so many positions open. Only recommend to someone who knows how to manage their time properly and identifies the right moment to open and close positions.

Can a grid trader survive?

True, you need to analyze your results over a sufficient length of time before being anxious and starting to doubt yourself. if you are really losing money then that's a legit cause of concern and you need to try a different strategy.

Trading Tips

To be honest, that's a piece of very practical advice.

Trading Tips

There is no “safe” or “no-loss” trading. Any “success-strategy” is a myth. Trading is not an investment where your funds can be guaranteed safe. Trading is a business wherein you take risks to make a profit while incurring some losses that are ...

Trading Knowledge

True, mostly all full-time traders began their professional careers as part-time traders. This business is just too risky and fraught with uncertainties to make it full-time from the very beginning unless you have some inherited wealth and freedom ...

Why do I trade Forex

True. Personality and psychology play important considerations when you want to develop your strategy. You have to take into account if you are a person of high patience or low.

Trading Emotions

If you want to have hands-on experience with live trading then you can start with a cent account. You'd be risking small sum that way.

Demo vs Live Account

I agree with both of you. The policy is biased in that respect.

Why is FIFO used by some brokers?

Very easy to come in and wipe out your account. Very hard to go through the learning and experience curve with your capital still intact.

Profit in forex is easy! Prove me otherwise...

Every time someone mentions “10 pips a day” I feel that there is a marketing message hidden in it rather than a winning strategy.

10 pips a day can make you rich quickly

Indicator repainting is a term used to describe an indicator that is repositioning its line at the point where the current price bar is forming. Most indicators do this to some extent unless they are applied to the open price. If the indicator is ...

What does it mean when Indicators repaint?

True, such cases are not common. There is no guarantee that you will start making significantly more profit just because you are now doing it full time. You might work 8 hours a day and yet lose a lot of money, so you really have to know what you’re ...

Leap of faith...