You can open most of them for freeforeign exchangeA broker's simulated account. These simulated accounts have all the functions of real accounts. But why is it free? This is because forex brokers want you to know how to use their trading platforms and become proficient in your trading skills in a risk-free environment, only then will you fall in love with themForeign exchange transactionsAnd consciously open a real account. A demo account allows you to access the foreign exchange market and test your trading skills with zero risk. Yes, it means zero risk!Yes, that’s right, ZERO! Before investing real gold and silver into the trading system, you should conduct simulated trading until you have established your own stable and profitable trading system. Let's repeat again - before you put real gold and silver into the trading system, you should conduct simulated trading until you have established your own stable and profitable trading system. Let's swear: Do not lose your money unnecessarily. Now, place your hand on your heart and say… “Don’t Lose Your Money” Declaration Now, place your right hand on your chest and solemnly promise:I will conduct simulated trading until I establish my own stable and profitable trading system I am a smart and patient forex trader Only when stable profits are achieved in the simulated account can you open a real trading account. If you can't wait until stable profits are achieved and can't wait to engage in real account trading, then you need to conduct at least two months of simulated trading. At least two months can protect you from the risk of losing all your funds, right? if2You still can't wait for a month, it's recommended to donate all your funds to your favorite charity organization! Concentrate on a major currency pairWhen you trade for the first time, if you are focusing on more than one currency pair, the situation will become increasingly complex. It is recommended to start trading from the most important currency pairs, as they are the most liquid and have extremely low spreads. You can become a winner in forex trading, but just like in other aspects of life, it also requires diligence, dedication, a little bit of luck, a lot of patience, and good judgment. The difference between simulated and real forex positionsThe most difficult thing to survive in the foreign exchange margin market is small funds. Because the foreign exchange margin market uses the principle of leverage, which involves scaling up operations. A thousand times of caution1-2The next big mistake will determine your defeat. Why do so many beginners always find it difficult to expand their small funds and break through the encirclement when operating them? How many people are lost in thought and exploration. Why do you win as you simulate, and lose as soon as you do a real warehouse. However, when you carefully compare the price trends of simulated and real warehouses, you will find that they have no difference at all. And what exactly is the difference?I carefully compare the subtle differences between making a real warehouse and simulating it: one.Simulated warehouse: The simulated funds are generally larger, and there is no sense of fear when making orders. The entry is very decisive and not ambiguous, and if the trend is downward, one dares to boldly go short. After establishing a short order, one generally does not mind it and has the courage to hold it overnight(Because of psychological thinking that it's not my own funds)Once profits are discovered, there will be no tracking or profit points set, and then2-3After the day, I suddenly realized that the longer I hold it, the greater the profit. The key to simulating warehouse profitability: 1With large funds, the risk resistance is relatively high; 2Believe in the feeling of seeing trends for the first time; 3Very decisive in making orders and strong in confidence; 4Very positive mindset; 5If you make a profit, dare to take it. The more profit you make, the more dare you take it; 6After making a single, I can sleep and eat well without being influenced by others' advice, even if the Emperor Laozi says so, I dare to take it; 7I won't keep staring at the market. When I'm tired, my ideal is to take a break. After all, it's a simulated warehouse. two.Real warehouse: With small funds, I am very cautious when making orders. I am afraid of wolves in the front and tigers in the back, always hesitating and missing opportunities. I am also afraid to place orders even if I am looking at the trend. It was not easy to secure attention, but the result was either chasing high or low. After placing an order, I felt very nervous and stared at the profit figures with red eyes, constantly jumping. I realized that I was wrong or losing money, and my mood was very depressed. I stubbornly resisted the order and didn't know how to liquidate my position in a timely manner. Having made a profit, I flaunted my own order everywhere and forgot the silent depression and pain when I failed. At the same time as forgetting to make profits, forgetting to set protective prices, and making profits just fleeting like data. After making a profit, someone else's suggestion and one sentence shook them, and they were hastily eliminated after dozens of points. On the same day, profits were achieved without rest, and there was no regularity in monitoring the market. It often lasted until midnight and dawn when the rooster crows.After carefully analyzing the subtle differences between simulation and real warehouse, you can develop your own simulation methods and real warehouse tricks |
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