We all agreed that paper trading is beneficial to FX newbie; how important is it for a trader to take it seriously to learn the trading approach as it is a real money account? - Forex Questions and Answers - FXAnswer

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We all agreed that paper trading is beneficial to FX newbie; how important is it for a trader to take it seriously to learn the trading approach as it is a real money account?

paper trading account

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In Forex Beginners
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- Warren
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1 year ago

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0 Votes Paper trading can be a tremendious help in real money trading because this is where one can test many strategies and be confident with it before putting money at risk.There is no holy grail in trading we only try to minimize our lost as much as we can and this is where paper trading provide a feel of the market. by Harold 1 year ago by Harold 1 year ago
0 Votes Real trading is very emotional and so one has to really practice trading paper money as if it is real. Just toying with it will create bad habits that will cost when one trades live. Trade execution and money management must be learned and paper trading allows one to make adjustments to his or her trading plan before putting money at risks. Good trading habits and strategies don't just happen, they are developed through persistence, focus, deliberation and time. by fxpie 1 year ago by fxpie 1 year ago
0 Votes EXTREMELY important. If you don't respect the paper money you will not respect the real money and end up losing it in no time. Treat it like a business is the only way of taking it seriously not as a hobby. by fuji022 1 year ago by fuji022 1 year ago

Votes

Paper trading can be a tremendious help in real money trading because this is where one can test many strategies and be confident with it before putting money at risk.There is no holy grail in trading we only try to minimize our lost as much as we can and this is where paper trading provide a feel of the market.

Harold

1 year ago

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Real trading is very emotional and so one has to really practice trading paper money as if it is real. Just toying with it will create bad habits that will cost when one trades live.

Trade execution and money management must be learned and paper trading allows one to make adjustments to his or her trading plan before putting money at risks. Good trading habits and strategies don't just happen, they are developed through persistence, focus, deliberation and time.

fxpie

1 year ago

Votes

EXTREMELY important. If you don't respect the paper money you will not respect the real money and end up losing it in no time. Treat it like a business is the only way of taking it seriously not as a hobby.