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Author Topic: Do you really need to be expert to start trading?  (Read 7011 times)

Offline NotATether

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Re: Do you really need to be expert to start trading?
« Reply #105 on: September 05, 2024, 02:51:58 PM »
Yes.

Because trading is an activity that is specifically for making money, and if you don't know how to do that properly then you will lose a lot of money. And that is not a fun experience for anybody to go through, now is it?

So that is why there are demo trading dashboards available on all the major forex trading websites. For some reason the crypto exchanges do not offer any sort of demo, and frankly I would expect better from them.
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Re: Do you really need to be expert to start trading?
« Reply #105 on: September 05, 2024, 02:51:58 PM »

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Offline Sim_card

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Re: Do you really need to be expert to start trading?
« Reply #106 on: September 07, 2024, 08:47:39 PM »
Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading.
It is only good for knowing how to buy and sell, take buy orders or place buy orders... not for how to analyze the market... demo accounts now seem to have been abandoned, except in gambling platforms such as binary options trading... even Binance and other large exchange platforms do not provide demo accounts for real trading simulations, which means that demo accounts on exchanges are currently not the main thing.
If there is a demo account, you can do it, but if there is no more, then the best way. I think the way to analyze the market is in a real and direct way, but it does experience a dilemma which can be a threat of direct loss that can make. But afraid to do it again, but if you don't do it immediately, you won't know where the mistakes are that we should have avoided. For that it is better to do it with a small nominal first so that there is minimal risk if it happens, so that there will be confidence to continue to be able to do it again.
I don't also like the idea of using demo account to learn trading because it will look different from real trading. This is why using small amount thay will not affect you is good to practice with. At least you will have a good understanding on how trading is for you to decide if you will continue or not.

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Re: Do you really need to be expert to start trading?
« Reply #106 on: September 07, 2024, 08:47:39 PM »

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Offline lepbagong

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Re: Do you really need to be expert to start trading?
« Reply #107 on: September 13, 2024, 05:53:49 AM »
Yea starting with demo account is good for beginners who don't have any knowledge on trading so that they can understand the basic knowledge of trading.
It is only good for knowing how to buy and sell, take buy orders or place buy orders... not for how to analyze the market... demo accounts now seem to have been abandoned, except in gambling platforms such as binary options trading... even Binance and other large exchange platforms do not provide demo accounts for real trading simulations, which means that demo accounts on exchanges are currently not the main thing.
If there is a demo account, you can do it, but if there is no more, then the best way. I think the way to analyze the market is in a real and direct way, but it does experience a dilemma which can be a threat of direct loss that can make. But afraid to do it again, but if you don't do it immediately, you won't know where the mistakes are that we should have avoided. For that it is better to do it with a small nominal first so that there is minimal risk if it happens, so that there will be confidence to continue to be able to do it again.
I don't also like the idea of using demo account to learn trading because it will look different from real trading. This is why using small amount thay will not affect you is good to practice with. At least you will have a good understanding on how trading is for you to decide if you will continue or not.
True, that sometimes demo accounts with reality are very different and are not recommended to be used, because it can affect what actions you take that are not in line with reality. That's why I really agree to jump straight in using a small amount first until we can really understand what we have to do, although sometimes it takes time and there is nothing instant to achieve it, you have to be patient. It is certain that by jumping in you will understand all the problems that occur.

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