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  • Do You Know You Can Demo Trade Your Way to Forex Success?

    Yes! It is possible to open a FREE demo account with the majority of the brokers in the forex market. These ‘pretence’ accounts possess almost all the capabilities of the “genuine” accounts.

    But Wait For A Second: Why Does It Come Free?

    They come free because the broker is committed to ensuring that you learn and know the “ins” and “outs” of the platform they use in trading. They also want you to have great trading a experience devoid of problems and risks. By so doing, your faith in them will grow, and before you know it, you’re depositing real money.

    Operating a demo account enable you to master the operations of forex trading. It provides you with ample opportunity to test your forex business skills and procedures with ZERO risk.

    You heard that right; ZERO risk!    

    It Is Strongly Advised That You Take Advantage Of Demo Trading Until You Establish A Solid, Reliable And Profitable System Before Venturing Into Putting In Real Money.   

    Hear it again!

    It Is Strongly Advised That You Take Advantage Of Demo trading Until You Establish A Solid, Reliable And Profitable System Before Venturing Into Putting In Real Money.   

    Demo Trade in Quote

    “Do not lose your hard-earned money” Declaration

    Alright, put your hand right on your heart and speak.

    “I will demo trade until I develop a solid, profitable system before I trade with real money.”

    “I will demo trade until I have established a robust, reliable and profitable system before I will venture into putting in my real money.   

    Now, use your index finger and touch your head and say;

    “I am a smart, patient and committed forex trader!”

    Don’t MAKE the mistake of opening a live forex account until you are raking in PROFIT CONSISTENTLY on a demo trading account.

    If you know you don’t have the “vulture-like spirit” to wait and see profit rolling into your demo account, then know that you don’t stand the chance of reaping profitably from a live account when your real money and emotions goes into play.  

    Demo trade for at least, 3 to 12 months. It won’t kill you.   

    You will do well not to lose all your earnings for a year, huh? If not, please, donate that cash to a charity home and let the windows of heaven be open unto thee…if not, give it to mum and make her feel the love you have for her.   

    Focus on one currency pair, and don’t do too many things at once.  

    Focus on dollars and save yourself the complications of keeping tabs on many currency pairs when you kick off your demo trading.  

    Stay with one of the major currencies because they happen to be the most liquid, meaning less chance of slippage and tighter spread.  

    Also, at first, you need some time to concentrate on improving your trading processes as well as creating positive habits.

    It is also necessary that you learn and experience different types of market environments, something that will teach you to adjust your strategies and methods in line with changes in market behaviours.

    You can excel and win big in currency trading. However, as it is with every other area of life, it demands hard work, commitment, a whole lot of patience, sound judgment and a bit of luck.

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