When starting to trade Forex it is recommended to first use demo accounts before opening "real" accounts and investing your hard-earned cash. Demo accounts can help you practice trading without taking any financial risks and also test the trading platform: its usability, support service and the overall experience.
However, remember that there is a psychological difference between trading with fake money and trading with your actual money; Trading Forex successfully requires discipline, which is easier to achieve when it does not include actually losing your money.
Here are some super tips to make Forex profits:
- Plan transactions in advance.
- Be patient while waiting for profits to show up. It takes time. There is no quick fix.
- Set careful stop-loss orders to sell if the trend is we...