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Trade
A trial account in Forex
If a person, who all his life worked in the canteen, to show the new metalwork bench and say "work" coming out of this something good? At best, untrained worker simply will not be able to run the equipment, and at worst cause yourself an injury and reject the material that goes on to repair the damage.
So why do so many novice traders ignore trial Forex and immediately begin to trade the real account without having any idea about this area?
Any successful marketeer will tell you that to make money in the financial market is very difficult, and will be absolutely right. Here it is not even in the peculiarities of the market, because the basic patterns have long been known, are freely available and bring a stable income, the main problem is the psychological preparation for trading.
The representatives of professions related to risk, can say that I have become accustomed to this risk and the market not afraid. In part, this is a true statement, in trading you can lose everything, but would still be alive. Here, the cause of all problems lies in another plane. no one pays for the risk and time spent, moreover, he has to pay for the ability to take risks.
This fact gives rise to fear of loss, which some beginners brings even to a nervous breakdown (you can go to any forum of Forex topics and read the threads – will be funny and sad at the same time), because nobody wants to lose hard earned money invested in the trade.
An hardening nature can be a trial Forex, in other words, the demo account trading where the novice speculator does not risk own money. Almost all dealing centers a demo account you can register directly in the terminal using the command "File – Open account":
Some brokers do not provide such opportunity and allow you to record demos only on its official website. In principle, a significant difference between these options is no, the only caveat – when you register you can come up with the phone number when creating a personal account you will need to specify a real phone.
The functionality and capabilities of the demo (the so-called trial is slang for Forex traders) is no different from real accounts - it is possible to open and close orders, change them, set take profit, stop loss, also it is possible to configure and test different indicators, expert advisors and scripts.
But all this is so clear, because if the terms of trade on real and demo is very different, meaning the training would be lost. Therefore, attention should be paid to another advantage of the trial Forex to unlimited attempts, then the trader gets the ability to record as many demos, drain them to register again, and so until then, until you learn to achieve a stable result.
Features trial Forex
Now let's talk about how to achieve this stability, because the demo account and provokes experimentation and spontaneous action, because "have nothing to lose, minced everything."
The first thing to understand is trading with a real Deposit will have limited capital, so to register a demo should only be the amount that you plan to make in the future to the main account.
Secondly, to survive in the real market you need to develop statistics testing the signals. Pay attention, I'm not even talking about developing a trading system, as it is a matter of course, namely on statistics.
It is much easier to open your first deal in real life, when you know that similar action has provided a positive expectation in the past. This approach is already disappearing, the fear that a loss in a particular transaction does not pay off, instead, you receive the assurance that if you do everything by the rules, the loss of overlap, and still be able to earn.
Thirdly do not have to focus on one broker trial Forex no obligation and does not encourage (no bonus when moving from demo to real market will not be credited). So you have to choose the company to test conditions and to optimize your strategy before you make a decision about investing real money.
And the last point will surprise many, the trading conditions on the "demos" is often worse than on the main accounts, although if you believe the rumors, it should be the opposite. I myself have noticed that sometimes the connection with the demo server disappears, while the real server is running.
A separate issue is the spreads and commissions, that many of the companies on trial accounts is higher than real, or rather, the conditions on demo meet the conditions of the most unfavorable accounts, presented the broker of the ruler (as a rule, their platform nice account with fixed spreads).
So, if you can create a profitable system in demo, it will show much better results on a live account. Today, even scalpers can safely test their system in a training mode, as a significant difference in the speed of execution of applications for the demo and the real world is fading – competition forces dealers to improve the conditions.
And finally today's topic ladies another tip - do not forget about the trading robot, because the run of the EA in the strategy tester does not take into account many factors, and a demo account allows real-time to assess the prospects and reliability of the algorithm.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 292
| Rating: 0.0/0 |
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