Why Are You Ignoring Currency Demo Trading?

And this is something I really do not understand about people who trade in the currency market. They seem to think they are wearing some sort of bullet proof vest, and can wade into the market like the Rock in Walking Tall. Well, there is no such thing. In fact, even I was like a limp wristed swimmer when I first decided to try out the currency market, and whatever experience I had as a speculator and investor went right out the window the minute i stepped into the currency market. Why? Simple fact 1. There is no such thing as similar markets.

Yes, they are interconnected to the point where one disturbance in a market will affect another to some degree, depending on the consumer chain, or B2B chain that the market has tied up to its mechanistic. But the thing is the futures market is different from stocks and bonds, which is different from the vanilla flavoured currency market, which is different from blue chips. Knowing how to trade stocks like a pro will only be able to get you repute when you get in, that repute is like a piano you are trying to win a shot put competition in. It will get you know where. You might get nods from traders who know about you, but the only thing that needs to earn that respect is the market.

Now given this scenario. Would you race in a 1, 000 horsepower sports car first, or run the virtual game to test out how it feels. Or even better. Would you fly a flight simulator first, or would you give yourself the controls to a jumbo jet and start flying actual passengers to locations around the world. Now, these passengers are your money, and they are valuable. In this flight, there is no insurance and the landing gears are technically your stop losses. But if you have never flown this place before, you are going to end up with the ducks or hanging of the edge of a cliff, taking down your money with you. Gravity here is your own impulsiveness and your arrogance to decide that you do not need a currency demo trading account.

Ok, I am also not taking the fact that you are a currency trading natural and you were born with the ability to spot movements in the Euro before any Cray super computer can. Brilliant. But this person would not be reading this article. He or she would be a chief advisor to a central bank, raking in billions of dollars on their say so. You are reading this article because you are interested in currency demo trading and that is a good thing. Be as interested as possible and the next step you should take is to actually sign up with one. Then you will be better prepared to take on the market like someone who knows their way around and not be eaten within a few moments