Before you actually begin trading with a plunge in the use of real money real, it is strongly recommended to try trading software first. This caused the trading software often vary usage. If Your trading software features Virtual Trading or Demo Account, use them to get to know the various features on the trading software.
By knowing whether unaccompanied with trading software, you will be able to act quickly and be able to reduce wrong squeeze while doing real trading.
In addition to getting to know features in trading software, Virtual Trading are also advised to get to know the character of a forex pair. If you previously only trading at USD1 JPY, then you want to try another pair like USD1 CAD, it is advisable to try first in Virtual Trading. It mi caused characters each pair forex differently, so that it can reduce the risk of wrong decisions.
A little tip. We recommend You to use virtual money as much as you want to use when using real-money trading. For example you have a $100 who would like to use, then deposited only $100 in the Virtual Trading.
The goal of using virtual money equivalent of the money that you would use Nile's purpose is (1) getting used to using the same amount of money, (2) reduce the sense of awkward.
When you use the amount of virtual money, surely the advantages that occur any larger. Sometimes this can be impressive "easy money in forex can" so that when the real trading. You are too ambitious.
Many brokers provide virtual currency is not limited, so many traders think that forex trading is easy. Virtualnya money never runs out, so there is no need to cut losses. This is damaging to the trader's mindset, because he would consider trading forex is easy.
Practice with Virtual Trading in sufficient time. Once or twice is not enough. You need to practice at least a minimum of 2 weeks-3 months. If you've been able to profit consistently in that time, you could try using real money.
However, according to my Virtual Trading is only useful to get to know the features and extent of the trading software a try. If you're a whiz at the Virtual Trading, always a good thing, not necessarily you will experience the same thing in Real Trading. Because, in the Virtual Trading due to not using real money, of course never involve emotion. In Real Trading, if You lose, you will lose the money really is. Maybe you could not sleep for days because it has been a sorry loss. In the Virtual Trading, if You lose, at least you will think ' I don't care ' in short you will become a different person when using Virtual Trading and Real Trading.
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