Practice as if you are the worst, perform as if you are the best!
Most people who are new to trading Forex will be better off trading currencies in a demo account before moving to live trading with actual funds. This can help you observe how well you trade and whether you seem to be cut out to be a Forex trader. Practicing Forex trading in a demo account can also assist you in identifying and correcting possible trading issues that could cost you money if not resolved appropriately. Your time spent demo trading can also be a good opportunity to develop and test a trading plan, which will serve you well when you decided to actually commit real funds to your Forex trading experience. Remember to keep a journal of your demo trading experiences so that you can refine your strategies to help make you more likely to succeed when trading live.
