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Phorbic
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Psychology
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Aug 09, 2022 at 11:06
Trading psychology is a concept that needs to be understood by all of us if we want to attain long term success in forex. Emotional trading can be very dangerous and it often stops us from following our actual trading plan and attaining our goals as a forex trader. I would say emotional intelligence is something that needs to be developed for one to become a successful forex trader.
Demo Trading Advantages
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Aug 09, 2022 at 11:06
Demo trading not only provides us practical knowledge but also gives us a risk-free trading experience. We can refine our skills and also test our strategies before we try them on a live account. However, starting to trade with real money will still be a challenge as we are exposed to market risk for the first time. But we can surely gain some confidence by properly practising on a demo account for 4 to 6 months as a beginner.
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