EUR/USD Head & Shoulders Pattern
Head and Shoulder pattern in EUR/USD confirmed
Sell E/U
Longer term target 1.2660
Soft target 200 pips........!
Sell E/U
Longer term target 1.2660
Soft target 200 pips........!
Demo Account Trading : Must For Newbies
As everyone know forex is one of the biggest market in the world. But its too much risky . Many trader go bankrupt . So trading without preparing yourself is dangerous.
Demo account trading is the best option available for learning and getting introduced to the trading environment,platform and the market. Trading is on virtual money,so you can trade without investing and risking your money. Spending quality time on demo account helps to develop skills and new strategies. Any mistakes are bearable in demo as no real money involved.All the things in demo are same as that in real account. So once trader get familiar with the environment then it becomes easy to trade.
Not just for newbies,demo account are useful to experts too. Every time they come up with new strategies and EAs . So for testing those,demo accounts are best.After good results those can be implemented on real account.
But there are some disadvantages too . In demo account no emotions are involved in trading . But in real account the term " Emotional Trading" plays vital role . Controlling emotions is most difficult part of real trading . Its natural too ,because big money is involved. This can be controlled with time and experience.So its clear that though you are successful in demo there's no guarantee of success in real trading.But demo trading makes it clear if you are comfortable with trading or not.Also one more drawback is if someone gets addicted to demo account trading , then carelessness can lead to major losses.
Anyways demo account trading is must for all new traders . Open account with any broker . Almost all the brokers offer free demo account . Learn and try your skills on it , if your performance is good enough then only move to real trading or else practice more.
Demo account trading is the best option available for learning and getting introduced to the trading environment,platform and the market. Trading is on virtual money,so you can trade without investing and risking your money. Spending quality time on demo account helps to develop skills and new strategies. Any mistakes are bearable in demo as no real money involved.All the things in demo are same as that in real account. So once trader get familiar with the environment then it becomes easy to trade.
Not just for newbies,demo account are useful to experts too. Every time they come up with new strategies and EAs . So for testing those,demo accounts are best.After good results those can be implemented on real account.
But there are some disadvantages too . In demo account no emotions are involved in trading . But in real account the term " Emotional Trading" plays vital role . Controlling emotions is most difficult part of real trading . Its natural too ,because big money is involved. This can be controlled with time and experience.So its clear that though you are successful in demo there's no guarantee of success in real trading.But demo trading makes it clear if you are comfortable with trading or not.Also one more drawback is if someone gets addicted to demo account trading , then carelessness can lead to major losses.
Anyways demo account trading is must for all new traders . Open account with any broker . Almost all the brokers offer free demo account . Learn and try your skills on it , if your performance is good enough then only move to real trading or else practice more.
Forex Trading : Not Money Making Machine
Its the biggest misconception every newbie trader has in his mind.,Forex as money making machine. But its not.
Its just the exchange of money . When some trader looses his money , at the same time some another trader makes money . No one can have profit all the time . You will get many automated system claiming to get 200% profit but its not possible . If that were the case , the seller himself will double & triple his money, why he will sell ?
The reason why most of new traders quit trading is , initially they see money everywhere (in forex). As no one displays there losses as they showcase the profit. So he thinks everyone is making money,starts trading with excitation and suffer the loss,as he dont know much about trading ,just buy when signal is given and close. Slowly-Slowly cycle of profit loss starts. Its hard to get profit initially but small profit also makes him happy like he earned millions.And then one big loss takes him away from trading.So its much more important that you learn before actually starting trading .
Also some thinks that brokers are there to make sure that you loose everytime so that they can make money . But this is also not true . Brokers get commission on every trade you open which is called as spread.Its irrespective of your loss or profit.
In short forex is market where you can make billions or go bankrupt . It depend on how you trade and your skills .
Its just the exchange of money . When some trader looses his money , at the same time some another trader makes money . No one can have profit all the time . You will get many automated system claiming to get 200% profit but its not possible . If that were the case , the seller himself will double & triple his money, why he will sell ?
The reason why most of new traders quit trading is , initially they see money everywhere (in forex). As no one displays there losses as they showcase the profit. So he thinks everyone is making money,starts trading with excitation and suffer the loss,as he dont know much about trading ,just buy when signal is given and close. Slowly-Slowly cycle of profit loss starts. Its hard to get profit initially but small profit also makes him happy like he earned millions.And then one big loss takes him away from trading.So its much more important that you learn before actually starting trading .
Also some thinks that brokers are there to make sure that you loose everytime so that they can make money . But this is also not true . Brokers get commission on every trade you open which is called as spread.Its irrespective of your loss or profit.
In short forex is market where you can make billions or go bankrupt . It depend on how you trade and your skills .
Q&A Corner
Hi Traders ,
I am creating this post specially for solving your doubts regarding forex trading.
Leave your questions in the comment below , will surely help you to solve your doubts.
Please feel free to ask ......!
I am creating this post specially for solving your doubts regarding forex trading.
Leave your questions in the comment below , will surely help you to solve your doubts.
Please feel free to ask ......!
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