Live Vs. Demo Trading Accounts

There are numerous forex trading platforms that allow you trading through them and in order to start trading you have to create an account. Now there are different types of accounts that can be categorized as live and demo accounts. Demo accounts are basically for beginners to learn about trading without risking any money.

Now obviously it is good to practice one’s trading strategy with a demo account but the problem is that people stay on their demo accounts too long. A time comes when the trader has mastered the screen time and has all the relevant knowledge but when he/she starts trading with a real account, they start to lose their money.

It is good to know all the ins and outs of trading, understanding the market and charts and other relevant knowledge about trading before entering the real trading world. But if you don’t jump in and get your feet wet, you’re never going to develop the skills to succeed in the market. They are good to educate you but they are only simulations, not the real thing. Also, you are never going to get those ‘perfect’ scenarios in the real world, for example, order fills, stop out levels, prices and etc. are different in demo accounts. The reason why traders do much better on demo accounts is because there is no risk involved and no emotions clouding their judgment either.

- See more at: https://goo.gl/o8xNWK

The Forex Industry – Uncut Version

Industri Forex – Versi Tanpa Jeda

Artikel ini mungkin bisa mengejutkan Anda dan membuat Anda mempertanyakan segala sesuatu yang Anda pernah diberitahu secara pribadi oleh seorang trader 'profesional', serta berpotensi menyinggung banyak (jika tidak semua) dari pedagang forex yang berpengalaman. Tujuan dari artikel ini adalah untuk 'mengekspos' orang dalam kehidupan Anda yang menceritakan segalanya terhadap artikel ini.

Saya cukup yakin bahwa apa yang awalnya menginspirasi banyak orang untuk mengejar perdagangan adalah semua kehebohan bahwa media dibuat mengenai kesederhanaan dan kemewahan yang datang dengan berada di industri ini. Pedagang yang Anda kenal secara pribadi mungkin telah menunjukkan mobil baru mereka atau rumah besar dalam upaya untuk 'mendorong' Anda untuk memulai perdagangan. Yang benar adalah bahwa semua itu bohong.

Sekarang jangan salah, secara bertahap Anda dapat memiliki mobil baru atau gaya hidup mewah tapi apa yang orang gagal untuk sebutkan adalah bahwa hal itu tidak hanya hadir sendiri untuk Anda dalam keranjang tangan. Anda harus bekerja selama bertahun-tahun dan satu perdagangan yang baik tidak akan melakukan apapun yang mengenakkan jika Anda tidak tahu apa yang Anda lakukan.
- Selengkapnya di: https://goo.gl/II1e3v

Take your Forex Losses Like a Man

Only a fool would believe that you can enter the competitive Forex arena without taking a few blows. An even bigger fool would also believe that all the blows he or she might endure are shallow. Accepting loss is one of the key elements any trader or investor has to master even before they go ahead with their first trade. It’s an inevitable part of the daily forex circle of life, some will rise and others will fall instantly and it can’t be any simpler than that.

Although you cannot avoid losses altogether there are ways which an aware trader can take advantage of in order to always be the one holding the reins regarding how hard he or she is to fall if they do.

Traders are probably tired of hearing this but actually it’s the most important and basic rule of any venture in the trading world, that is to never stray from your strategy. Forex trading is part lack and part intuition among others but one of the biggest mistakes both novice and experienced traders make is overestimating their own reach. There might be a day where the wins seem to be flowing in but this confidence should never hypnotise the trader and trick them into trading and investing more than they originally planned to.

- See more at: https://www.hiwayfx.com/forex-articles/take-your-forex-losses-man#sthash.W4y0jabV.dpuf

Learning Currency Trading – Part 7: EUR/JPY

Introduction:

The symbol EUR/JPY stands for Euro/Japanese Yen. It tells the reader about the number of Japanese Yen that is needed to buy one Euro. In the EUR/JPY currency pair, EUR is the base currency while JPY is the counter currency.

EUR/JPY is one of the most heavily traded currency pairs. However, many forex traders find this pair to be highly volatile with a very large loss risk associated with its exchange. Depending on the market conditions, this particular exchange could either help the trader earn big profits overnight or cause him great losses.

General facts and importance:

Japan and the EU are two successful giants in the global market. With Japanese Yen serving as a proxy currency for Asia and EUR being the representative of the entire Euro zone, the significance of the currency pair can hardly be undermined.
– See more at: https://goo.gl/zAL29u