Quote from: LUCKMCFLY on November 07, 2022, 09:52:21 PM

Quote from: tvplus006 on November 07, 2022, 04:09:25 PM

Quote from: greengrassis on November 07, 2022, 08:36:46 AM

Usually, in order to be confident in the strategy, I first work on a demo account of the AMarkets broker. It really allows me to get more experience.

In any case, using a demo account will allow you to test various trading strategies, assessing the advantages and disadvantages of each of them, as well as on the basis of the acquired knowledge to create your own trading strategy. In this case, you will have an advantage over a beginner, working with real money, which will allow you to save your money.

I like the use of accounts with fictitious money because not only can you apply trading strategies, but the best of all is that you learn to use the tools offered by the exchange, it is very good because we are always drifting when we operate with real money . money and we don't know how to handle change well and a mistake can mean losing money, and that is something that we must mature, although many people are told not to operate like that, they will, it is impossible the truth, it is only when they lose money that some people really understand and know how to take advice, it's a common thing, but it always happens.

When they experienced things, the first hand that will be the turning point that they will seek for more knowledge, if they know how to listen and adjust they will be able to control and have a best practice that will going to fit with the type of traders that they wanted to be, all are good when you start with best practices, using a free account with dummy balance to learn more about how the market works and how will you respond with each market movement is really important for your trading activities.

You should always find time to work with your knowledge and to continue educating yourself with all the factors that may affect how the market will move in the next market seasons.

Changes are always present, but if you have all the tools that you can use to adopt with changes, it won't be hard for you to adjust and continue being profitable from both bear and bull market runs.