So, the first step.<\/p>\n
Practice with a Demo Account.<\/h2>\n
![\"\"](\"https:\/\/ostupchuk.com\/wp-content\/uploads\/2022\/10\/17-300x169.png\")
<\/p>\n
I have a friend who has been studying the market for 3 years. No matter what you ask him about the market, he knows everything, has read a lot of literature. He knows all the indicators: Willie Andrews, Gann, Fibonacci. Lots of trading strategies and systems. But in 3 years, he has never entered the market. Not even on a demo account. He says, “I’m afraid” and “I’m not ready to trade,” “I still don’t have enough knowledge.” But the key point here is in psychology.<\/p>\n
I recommend everyone to start with a demo account.<\/p>\n
A demo account is our friend, the beginning for a trader.<\/p>\n
You choose a trading pair that suits you psychologically. How is that? You understand and feel it, it’s less volatile. You choose a convenient time for trading, volumes, and start developing and practicing your trading system.<\/p>\n
At the same time, I want to highlight special attention to the Navigator button in the terminal. With this tool, you can always switch to the account you need. Why?<\/p>\n
I always strongly recommend having your own real account during training.<\/p>\n
Why is this necessary?<\/p>\n
Very often during training, there are amazing entry points. And right in the lessons, some of the trades under my guidance are made immediately on a real account, and you receive real income. All other trades and tasks are practiced on a demo account.<\/p>\n
When I myself was refining my systems back in 2011, the USD\/JPY pair was at a historic “low”. They offered me to “enter – this is a unique moment”. But I didn’t take advantage of this situation. I knew little, hadn’t read all the books, hadn’t made enough trades on a demo account, and so on. In the end, the market gave a colossal opportunity to earn from a historical minimum, and I missed this opportunity.<\/p>\n
You can and should refine your systems on a demo account, but when the market offers opportunities, you need to implement them and earn real money.<\/p>\n
Read more in the next article.
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