Trading Forex online? Disadvantages Using a Demo Account

I visited the website Article Base; a free article base allowing users to publish their articles on blogs, websites etc. I read the article “Importance of a Trading Demo Account by Jemsh Smith”. In the article is the advice to test different demo accounts and find the differences among these accounts.

During the last year I have read several articles describing the use of demo accounts. One of the disadvantages against demo accounts is that it is not real money and the trader has nothing to lose. If he instead opens a real account he will feel how it is to trade with real money. The trader will feel how his emotion will start to interfere with his decision.

Just to illustrate the thoughts in the articles I found a YouTube video where a fellow is telling about the disadvantages using a demo account.

Emotion in a trade is bad for the decision a trader makes and should be avoided. It could be done through trading rules. The purpose is to lower risk in a trade. The topic is further described in the article “Trading Forex Online? What Is Risk Management and Risk - RewardRatio? “

It is also possible to avoid emotion in a trade through visualization. The purpose is to get comfortable with the trading rules and learn to trust them. The topic is further described in the articles “ Online Trading? How Visualization Techniques Can Improve Skills To EnterA Trade “ and “Forex Online Trading? How toImprove Your Forex Trading With Visualization Techniques“

In the video the fellow talked about opening a real account and start trading with a minimum amount and the risk would be minimized. Another solution is finding a trading platform that offers a sign up bonus and start trading with the bonus. In the article “Trading ForexOnline? Trade Smaller and Make More Money” is described how a smaller amounts could generate a better profit margin than larger amounts.

Forex Social Trading Network: A Forex Social Trading Network (1 of 3 posts)

I have written some articles about Forex Social Trading Networks. In this post the first of three is my website where I have two videos about a Forex Social Trading Network. The first is about a Forex Social Trading network (a short video); the second is a 30 minute recorded webinar about how to copy other traders in the network.

Link to my Forex website : Website about Social Trading  

Forex Social Trading Network: Benefit From a Forex Social Trading Network: Learn to Trade Forex (2 of 3 posts)

I have written some articles about Forex Social Trading Networks. In this post the second of three is an article “Benefit From a Forex Social Trading Network: Learn to Trade Forex” it illustrates how to share information, follow other traders trade and how to copy other traders in a Forex Social Trading Network.

The article illustrates also how you can learn to trade through a Forex Social Trading Network.

Link to the article: “Benefit From a Forex Social Trading Network: Learn to Trade Forex” 

Forex Social Trading Network : Advantages of Forex Social Trading Networks and What to Consider: Copying a Trader in a Network (3 of 3 posts)

I have written some articles about Forex Social Trading Networks. In this post the third of three is an article “Advantages of Forex Social Trading Networks and What to Consider: Copying aTrader in a Network” is illustrated what to consider copying a trader in a Forex Social Trading Network.

Link to the article: “Advantages of Forex Social TradingNetworks and What to Consider: Copying a Trader in a Network”

Trade Forex online with a user-friendly trading platform

In an earlier post I have written an example of how to trade step by step at the trading platform PLUS500 and how a trailing stop works. 

The trading platform at PLUS500 is simple and user-friendly and is perfect for both newbies and  traders with advanced skills.

In my posts I have used some of the indicators PLUS500 offers. Some of the indicators are the Bollinger Bands, the stochastic, MACD and the alligator indicator and are as mentioned all indicators that are available on the trading platform.

In case someone should be interested in trading at PLUS500 and want to try the platform with the free bonus they offer for online trading click the link PLUS500.

How to to take advantage of psychology trading in the Forex market

Psychology trading is methods to bring traders in control with themselves and learn them to trade in their “own best interest”. 

  

The purpose is to change a bad habit or a thought process. Examples could be

• How to stop a trade thatis not a winning trade and how to accept that a wrong decision was made
• How to improve skills toenter a trade

A technique to change a bad habit or a thought process is through visualization. Visualization is to see the trade through a theater play in your mind.

An example could be how to improve skills to enter a trade. In this case the trader could in his mind go through the trade from the entry point to the exit point and see how the trading rules are reliable.  The visualization convinces the trader that the rules are steadfast as he has influenced his thinking that the rules are trusty.

Interested in the subject take a look at the articles Forex Online Trading? HowVisualization Techniques Can Improve Skills To Enter A Trade and the article Forex Online Trading? How to Improve Your Forex Trading WithVisualization Techniques 

If psychology trading isn’t in your interest but still want to improve your trading skills watch this video about a Forex social trading network where trader share trading info, follow and copying expert traders trade in the network.

Forex trading strategy - "keep it simple sir"

I was on the Forex forum babypips.com and read the post 45 pips daily-No Charts, No Indicators,Very Simple.

In the post was presented a Forex strategy that had 8 wins out of 10 trades within the past 2 weeks.

The strategy was to buy EUR/USD 15 pips away from where the price is and sell GBP/USD 15 pips away from where the price is. His stop loss was 10 pips from the entry point. His “take profit” point was 45 pips from entry

The strategy is a K.I.S.S Strategy, an acronym for Keep it simple, Stupid or "keep it simple sir". Please leave a comment if you have a K.I.S.S strategy you will like to share.

If you like to share trading info take a look at this video. It is about a Forex social trading network where traders share information, follow and copying expert traders trade.

The best Forex trading hours in the London market?

The London market is in London time zone open between 8 in the morning and 5 in the afternoon. The US market opens at 1 in the afternoon. The overlap between 1 and 5 is the best time to trade as it is the time the most traders and biggest banks are in the market.

Forex social trading networks

In an earlier post I have written what a Forex social trading network is. Just in case you are interested in a Forex social trading network watch this video on my Forex website.