Many, especially new traders practice trade on a demo account before they trade real money. This is a very wise move for a number of reasons that I’ll go into later. In short, you should practice something that has as much money riding on it as forex trading does. But there are stark differences in [...]
All new currency traders should trade their system and strategies until they see positive returns on paper for several iterations of trading before they use their own real money. In fact, because much of forex trading is done on margin, if you don’t have a successful system down or if you don’t have the skills [...]