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Demo account

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Hi people, can you help me please how to use demo account? And how to trade? I'm a newbie.

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@Caseynotes,

Coaching - I cannot wait for your response. I look forward to it. 

It is all about knowing your audience and so far there are only a handful of possible technicians posting and I am not one of them as I trade on a very simple level.

There are only a few of you and I include you @Caseynotes who trade on what is perceived to be of a higher level compared to other posters but the question is whether it is more profitable or not than a more simplistic trading style?

How do you coach someone who is a 'newbie'? The analysis that some of you conduct would blow their mind. How do you assess their aptitude? 

I shall be monitoring the responses but what I will say is that one needs to understand the 'newbie', what their skill set is, what their risk profile is, how much capital they have, what their competencies are, strengths / weaknesses, specialities, etc. 

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you are of course quite right @TrendFollower, the first steps are to do the basic learning first by going through the IG Academy or babypips.com (school) and then practicing and experimenting with the concepts on a demo platform all of which takes months before you are ready to realise this is much harder than first envisaged and then start perhaps looking for peer support.

Having already completed the above mentioned training then peer support on forums such as this is a good next step but not a good first step because until there is a grasp of the basic concepts the discussions bounce off rather than being absorbed and so only lead to confusion and frustration.

So best advice @Massengo is, as suggested in the first reply, do the ground work to gain the basic knowledge first and then join in the discussion with peers on the forum to help continue your development towards that of a successful independent trader.

 

 

 

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