Lesson 9: The importance of a demo account in forex trading

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  • Опубліковано 16 січ 2025

КОМЕНТАРІ • 24

  • @paulfrye4896
    @paulfrye4896 6 років тому +33

    Sir I have had the pleasure of watching your video's and would like to compliment you on being down to earth and very informative. New traders need this kind of teaching to insure they understand basic principles without being overwhelmed or intimidated. Your style puts traders at ease. Thank you

  • @oghenegomareefe9199
    @oghenegomareefe9199 7 місяців тому +1

    Rob booker make trading easy. The best forex teacher i have seen. Great job

  • @ChiomaObiora-in9jb
    @ChiomaObiora-in9jb 6 місяців тому +1

    Sir I so much love your teaching.. the first video I watched was about Lot size and pips.. I have watched so many videos about that but didn’t understand a thing. But I understood it with your video about that watching it just once. Am here to stay! Thanks a lot!

  • @sandramariavazquezlozano2908
    @sandramariavazquezlozano2908 5 років тому +3

    Hello, Mr. I'm just a beginner and after all the videos I've seen, I only say congratulations because for me you're the best. My English is not so good, but in the way you explain , I can understand you and it's a great pleasure. Thanks once again. God Bless you🙏🏻

  • @PropertyBySM
    @PropertyBySM 4 роки тому +3

    I love this guy man 🤘🏾

  • @plumtiger1
    @plumtiger1 3 роки тому +4

    people who say that a demo is worthless because theres no emotion are likely broke. lack of emotion is a key to success.

  • @dkeiepps5606
    @dkeiepps5606 4 роки тому

    Great info. Feel like I've learned alot by watching this video and the 2 previous. Well broken down for us newbies much appreciated sir. The educator,teacher,mentor,or advisor are truly under appreciated in our society. You guys make the world go round. Keep it up and keep the videos coming. Thanks again

  • @TraderTimmy
    @TraderTimmy 2 роки тому

    Still valid content here. I've been trading stocks for about 4 years, and crypto for several years. A trading buddy recommended we get into trading Forex, and to use a demo account first.
    I've been trading it every day for about two months. Several times I got into a few negative trades which led me to make new demo accounts - essentially starting over. I was quite happy to realize those pitfalls the easy way, rather than losing my hard earned cash.
    So yes, even experienced stock or crypto traders will want to use a demo Forex account. I'm only just beginning to consider a live account. And how to know if you're ready for a live Forex account? For me, it will be one month to two months of trading in the green with a single continuous demo.

  • @leonelruiz4295
    @leonelruiz4295 3 роки тому

    Is this Broker Forest fx is in USA?

  • @SSEnrich
    @SSEnrich 4 роки тому +3

    Demo trade for 30 days? I have demo traded for almost 6 months. Every person will have a different approach, but the problem with only demo trading for a month is that most people will buy almost anything without a plan. And bring that habit on when they start to trade with real money.

    • @thejadeappeall_2906
      @thejadeappeall_2906 4 роки тому +1

      SSEnrich Hey I’m on my 2nd week in demo. And I’m feeling super emotional and treating it like it’s real money lol I’m constantly watching different pairs and trying to understand the candles better or make it make sense. But, After your 6months in demo do you think I’d need to take that much time? I’m not in a rush I just want to understand it without a doubt before I open a live a account.

  • @kangokidkidd4037
    @kangokidkidd4037 6 років тому +1

    GREAT

  • @drewwatsonparker
    @drewwatsonparker Рік тому

    if everyone is like you Mr drew Watson parker the world would have been better thank you for helping me to get back my money

  • @fixitwithfaithlee9518
    @fixitwithfaithlee9518 4 роки тому

    Great teacher...

  • @jakubvalenta5403
    @jakubvalenta5403 6 років тому

    Unfortunately yes, most people will really start with live and trade 1 contract on $1000,- account. I did the same.

    • @MegaMalik90
      @MegaMalik90 6 років тому

      How did it go?

    • @IsiavweO
      @IsiavweO 5 років тому +7

      I think we all know how it went lol 😂

    • @tvkishanrao1
      @tvkishanrao1 5 років тому

      Hi Sir,..Thank you your videos are very informative and most useful for the beginners like me.

  • @ProdSulton
    @ProdSulton 5 років тому +3

    To anyone who may feel daunted by the $1,000
    $50 is enough with a 500:1 leverage account
    I did $50 every Sunday I would make about $200-$400 and blow it but I switched strategies and made $1937 and withdrew. You learn better live good luck trading !

    • @EliOceans
      @EliOceans 5 років тому +1

      What broker are you with?

    • @ProdSulton
      @ProdSulton 5 років тому +1

      EliOceans hugosway

    • @PropertyBySM
      @PropertyBySM 4 роки тому

      What's the strategy you used?

    • @ProdSulton
      @ProdSulton 4 роки тому

      Legal Docz price action trading and scaling into positions, also cutting your losses and not revenge trading