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The importance of demo trading
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[QUOTE="Setho, post: 228278, member: 29023"] As a forex trader or anybody who wants to start taking advantage of the financial market it is very important that you should follow a step-by-step process . The first thing you have to do is to build your knowledge about the financial markets and also how you can be able to make money from them by developing strategies and knowing when to buy and sell which is the basis . After you must have learnt all that it is not just enough for you to deposit $100 and try flipping it 1 million within a week . There are so many things that are attached to forex like discipline and not trading with emotions or chasing your losses which naturally does not have anything to do with your technical analysis of fundamental analysis and your setup. A demo account which you can open for free with any forex broker is going to allow you to be able to practice all the things that you have learnt during the learning face to see if you can be able to develop them. It is also going to give you insight about things that you miss during the education phase so that you do not make the mistake when you start trading with real money. [/QUOTE]
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