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Demo accounts

J

Jonathan Boyd

The purpose of demo accounts is to prepare you for this. Demo accounts are not only for traders to try out their forex trading strategies, but they are also dry-runs for the real trading execution. You should have gotten a feel of how the market moves and how it can affect your decision-making in your trading. Of course, a demo account does not involve real money. And sometimes, that may make all the difference in clouding your judgment. But you should trust your judgment and how you have developed and fine-tuned your trading strategy. Your trading system should be the solid foundation to back you up in every move. It would be better if you have it all written down so that you can easily go back to them whenever you feel having any doubts or confusion.

So, get online. Run your forex trading platform. Get yourself ready by reviewing your trading system and your trading strategy. Have your trading plan prepared for all the eventualities. And trust your system to work. You have tested that system over and over again. And you know that there is no perfect system that would never lose. So what if you lose in your first trade? The important thing is you trust your system enough that in the long-run, it would produce profitable results for you.
 
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