Post
Topic
Board Trading Discussion
Re: Practice trading
by
zarados
on 23/10/2017, 12:44:04 UTC
Try training on a simulator before you enter the "real market", some recommendations are:

https://www.forex.com/en-us/open-forextrader-demo-account
https://www.fxcm.com/uk/forex-trading-demo/

these brokers offer virutal money for you to train and try different techniques out. Once you have trained on these platforms for a couple of months, you'll be able to go into the real market and feel comfortable enough placing real bets. Don't directly invest your real money into trading! It's like jumping into the sea without having learned first how to swim (spoiler - you'll drown).

And remember that even though FX markets share some characteristics with crypto markets, crypto markets are still the most dangerous one's (unstable).

It's good to learn how to trade from a virtual account first. You could get it from etoro, Iq option and there are many other such like these. Even they provide you a mobile app for your trading. From here, you should learn about the price movements, what could influence the movements of the price, and how much time it takes to recover to ATH from it's bottom. But remember, when you already use a real money, All thing you've learn could be different. So never get too greedy on trading. In crypto currency, Hold for long term was a better way for investment.