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demo or cent, which one is better?

This is a discussion on demo or cent, which one is better? within the Trading Systems forums, part of the Trading Forum category; Traders can use demo account for making him capable for this challenging field of forex with the trade of artificial ...

          
   
  1. #1
    Member Taylor Woods's Avatar
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    demo or cent, which one is better?

    Traders can use demo account for making him capable for this challenging field of forex with the trade of artificial cash. But if anyone thinks that he will use Cent account for learning or starting career then yes he can. But you need to learn well before you trade. With the use Cent account you can learn but you may feel disheartened as each mistake will count here and you will lose money.

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    Member Taylor Woods's Avatar
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    digital platform : forex

    Many people are now moving towards digital platforms to earn their livelihood. And when it comes to the online platform forex is ensuring livelihood on a world stage in the present time. But ensuring success will depend on proper analyses where a trader makes decision of trading with the proper scrutiny of all significant factors. Thereby it is important for any foreign currency exchange trader to carry out proper analyses.

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    try to take decisions

    Traders often try to take decisions after conducting all analyses related to trading, and yes, it is quite impressive. But one of the basic drawbacks is: many traders canít make decisions or canít read the answers inherent in the analyses. Thus, only performing analysis canít help any trader. Rather a trader must develop adequate understanding of financial market tools and market patterns so that they can take investment decisions comfortably by analyzing all aspects.

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    Before a trader can make

    Before a trader can make utilization of his funds in any investment, conducting proper analysis is very much important due to the moving or unstable nature of forex market. Again, cold war among various gigantic countries has led to significant impact on the values of various currencies. And thereby foreign currency exchange traders must ensure due attention on all significant aspects related to trading so that a trader can make practical investment decisions.

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    everyone needs to face losses

    Each foreign currency exchange trader has faced losses no one is exceptional. But here winners are those who have successfully overcame their failures with full courage. Instead of being depressed they have put attention on their trading mistakes and who have taken actions to become winner here. and thereby when some strategies are not working for you, try to modify the loopholes and then give time to newer positive things.

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    no longer locked up in normal platforms

    We are no longer locked up in physical earning stages. Today, wide varieties of online income generating sources are now available for the people so that they can earn money from currency exchanges. Yes, when it comes to the matter of virtual platforms forex has become the number one over the counter market. And traders are now enjoying complete freedom and flexibility of trading with the investment of any amount.

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    importance of acquiring knowledge.

    There is no doubt that forex traders have chosen this world platform with a view to generate income with virtual platform. But if foreign currency exchange traders are interested in earning money safely they must consider the importance of acquiring knowledge. The reason behind this is: though the entrance is easier, survival can be complicated here if a trader canít make best of his trading services and available market opportunities efficiently.

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    risk factors

    Trading involves with some risks of course. Here risk adverse investors canít basically make profit in that manner that without bearing risks no one can enjoy the profit that they always desire to earn. In this manner, medium to risk lover traders are able to earn money in an improved manner here. However, risk lover does not mean that traders should accept high risks beyond his capacities to bear risks.

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    threat of losing money

    Forex traders can feel the threat of losing money. And yes, traders need to give complete emphasis on conducting proper analyses which can help them to find out right trades here. A wide variety of analytical tools can be used by the traders that can lead them success here. However, any trader should be active in using analytical tools otherwise he wonít be able to find out the answers of analyses.

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    today traders are using

    Today retail traders are trying to determine right entry or exit prices for their trade execution decisions with the help of various analytical tools. Such as: many traders are relying upon technical analysis, using various short term resources such as pivot points, candle stick charting, moving average, MACD and various charting tools. Proper analysis can also be based on fundamental in nature, using various long term resources like economic indicators and various significant economic news, etc.

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