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It is often said that practice makes a man perfect, but never has it been said how much practice and what kind of practice will make the man perfect.
How Long should you spend on a demo Account? This question arise in everyone's mind.
00:00 - Introduction
00:54 - Practice
01:34 - Example
02:50 - Problems with trading demo account
04:18 - My Mistake with Demo Trading
05:02 - How Long should you trade on a Demo Account
And the same thing goes with forex trading.
When you learn a new forex trading strategy you first need to try it on a demo account to see if it really works and then shift to the live account.
But what time required in trading demo account ?
Well, there is no perfect answer to it. that what time required in demo account.
Spending too much or too little time both has its cons.
And also the time required depends upon the individual to individual.
So, let us first understand this, and then I will tell you when you should shift to a live account.
By the way, if you are new to this channel a like and a sub would be amazing. And try to spend time on demo account max to max. Whatever you will spend time on demo account is beneficial for you.
How much time of practice will it take for a football player to play in professional games, or how much practice is enough for a musician to perform in front of an audience? There is no definite answer to such questions. then there is no answer for how much time required in demo account.
time required in trading demo account
What time an demo account will take is the biggest question that everyone wants to know.
I have come across a Ted talk once in which the speaker said that to become completely proficient at a thing, one needs to practice for at least 10,000 hours. But the question that arises here is that does everyone have that many hours to dedicate to practicing? every one want to know about what time an demo account will take.
What I want to infer from all this is that no other than the trader himself can give an answer to this question.
Today I will clear all the doubt on time limit of forex trading demo account.
Let us consider two traders ben and Patrick. Ben is intending to trade forex full time and does not have any other work commitments while Patrick has a job and wants to trade forex part-time.
Both open accounts with brokers and trade on the demo account for a while before going live.
Ben has lots of time in the day to dedicate to learning and practicing on the demo account as compared to Patrick that has a limited time for this purpose, hence it might be long before he is ready to trade in a live account. The time limit of forex trading demo account is not fixed.
To sum it up, whether one is ready to move on to live trading from demo trading is completely subjective.
T
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Hello and welcome to forex monopoly, my name is Daksh, and in this video, I will tell my secret technique of trading pullbacks and not only that, but I am also going to share my secret technique to identify between pullback and reversal so that you don't fall for the pullback trap so make sure you watch this video till the end.
00:00 - Introduction to Pullbacks
01:07 - What is Pullbacks and
02:25 - Info pullback formtion forex
05:04 - Secret strategy of trading pullbacks
05:53 - Different pullback forex
11:46 - How to trade each type of pullback in forex
20:54 - how to identify pullbacks and reversals
Now before revealing the secret of trading pullbacks I want you to first understand what is a breakout and how is it formed.
And this is the most important part because you cannot trade pullbacks in a better way if you don't understand it first.
So, let's first understand what are pullbacks, how is it formed, and then I will tell you about my secret technique that will change the way you trade pullbacks.
So, what are pullbacks?
When the price is in a trend, it will never move up or down in a
straight line all the time. There will be instances where it moves
away from the trend.
If you open any price chart of any currency pair and observe trends,
you will see that price often moves along the trend and has a minor
move against the trend from time to time.
This minor price movement against the trend is what we know as
pullbacks.
By the way, if you are enjoying this video, make sure you hit the like button.
So why do these pullbacks occur?
When a price is moving in an uptrend it means that the buyers are
outweighing the sellers and they are heavily buying and taking the
price higher.
If the price is in a downtrend, then sellers are in control and are
actively selling and driving the price down.
This activity of actively buying or selling cannot keep going on all the
time.
There are times where buyers or sellers get exhausted and it seems
like they are taking some rest.
In the meanwhile, the opposite market participants look to gain
control and try to drive prices in the opposite direction.
This is when the prevailing trend participants resume their activity
and now the price is available at a discount to them.
This further intensifies their activity and the price resumes in its
prevailing trend.
But before we move to that, here is a really important thing I need to talk about.
I have always been asked a lot about trading pullbacks and riding trends.
And there are some most common questions which I always get and you may have it too.
Like, how to know when the pullbacks will end, or where to put the stop loss. and also do you need to wait for the confirmation to enter into a trade?
I totally understand how you feel, what
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Stochastic Oscillator Indicator Explained | Use Stochastic Oscillator Indicator (2020). In this video, I will tell you about the stochastic oscillator indicator. In this video, you can clear all doubts that you have in your mind like What is Stochastic Oscillator Indicator, what is the correct strategy for stochastic oscillator indicator 2021, what is k line in stochastic oscillator indicator, define k line and d line in stochastic oscillator indicator, use read stochastic oscillator indicator 2021, etc.
00:00 - Introduction
00:10 - What is Stochastic Oscillator Indicator
00:51 - Stochastic Oscillator Indicator Lines
00:59 - What is K Line and D Line in Stochastic Oscillator Indicator
01:25 - Stochastic Oscillator Indicator on Chart
03:30 - How Stochastic Oscillator Indicator Works
04:05 - How Traders use Stochastic Oscillator Indicator
Stochastic Oscillator is a momentum indicator that confirms the momentum change in the market and also indicates the overbought and oversold levels.
Stochastic was developed by George Lane in 1950.
He used this indicator mainly to spot reversals and also to spot the bull and bear setups.
The stochastic indicator is quite similar to the Relative strength index, just like RSI, the stochastic indicator is shown between two levels, 20 and 80.
Where 20 indicates the oversold level and 80 indicates an overbought level.
The only difference between RSI and the stochastic indicator is the way it is calculated.
The stochastic oscillator consists of two lines, the %k line, and the %d line.
As per the custom settings, the %k line is calculated based on the last 14 sessions and the %D line is the 3 period moving average of the %k line.
#stochasticoscillator #forexindicator #forextrading
It is observed that %d is the slow line and %k is a fast line.
And so, many traders consider %D line to be critical for any signals and should be paid attention to.
As a percentage D line is based on the 3 periods moving average of %K line, the traders assume this to be a confirm momentum change signal.
Some traders also use a stochastic indicator to spot reversals with the help of divergence.
And as per George lane, stochastic divergence can be the breakthrough to your trading if used properly.
But again it should not be used alone, there need to be other tools when using any indicator.
Very soon after we are done with the indicator series, I will start a new series of creating your own trading strategy, and I will tell you how to make a strategy with these indicators and how to use it.
How to use Stochastic Oscillator Indicator in forex trading.
How to read Stochastic Oscillator Indicator in forex trading
So this is all about stochastic oscillator indicator forex trading, I have given a complete explanation of stochastic
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How to Draw Support and resistance in forex. How to draw support and resistance properly in forex trading, How to draw support and resistance lines properly.
Check out our Blog on - https://forexmonopoly.com/how-to-draw-support-and-resistance-correctly/
00:00 - Facts about Support and Resistance
01:20 - How to Draw Support and Resistance
02:50 - How to Draw Support and Resistance examples
How to draw proper support and resistance on your forex chart.
This videos properly explains how to do it correctly.
support and resistance explained
how to draw support and resistance properly, support and resistance forex , forex support and resistance , how to draw support and resistance , how to draw support and resistance lines
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Deal with losses or loss in forex trading ( forex trading loss management )
How to Deal with Losses in Forex Trading - https://forexmonopoly.com/how-to-deal-with-forex-loss-in-trading-career/
forex loss management
I want you to understand that losses are something which you cannot avoid, losses are part of forex trading.
Not only trading but any business you do has some amount of risk in it, and the correct way to deal with it is to manage it,
avoiding it will only make it worse, in the same way, losses can be handled it cannot be avoided.
It is essential for a forex trader to be able to deal with losses as they cannot be avoided.
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In this video, I will discuss all about 1 Min Scalping Strategy through which you can Analyze Short term trends to gain profits. This Scalping Strategy is one of the Easiest and most Profitable Forex Strategy. When it Comes Easy and Fast Profits 1 Min Scalping Strategy is a very Beneficial Strategy for Forex Traders who use it as their primary method, or even for those who use it in Addition to other Methods.
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Bid rate and Ask rate in Forex Market | Bid rate and Ask rate in Forex trading (2020) MT4. Bid rate and ask rate in forex. I will explain the full introduction of bid rate and ask rate in forex market.
Whenever we buy/sell currency in the forex market, we see two rates in the market watchlist section.
00:00 - Introduction
00:11 - What is Bid Rate and Ask Rate in Forex?
00:32 - Bid rate ask rate example
01:25 - Ask rate will be Greater than Bid Rate
So, why do we see two different rates for a single currency pair?
Well, those rates are called a bid rate and the ask rate.
In this video, I will tell you what is ask rate and bid rate and the purpose behind it.
First, what is bid rate ?
The bid rate represents the price that a dealer or the broker is willing to pay for a currency
While the asking rate is the price at which the dealer will sell the same currency.
his rate is called a Bid rate.
Always remember that in the forex market, or normal exchange market,
The asking rate will always be more than the Bid rate.
That is, the broker will sell his base currency for more value and will always offer less rate for buying the same base currency.
The main purpose behind this is that broker earns money through this process.
The difference between the asking price and bid price is the profit that the broker makes.
If you are searching on the web about what is difference between bid rate and ask rate in forex trading then I hope you will the proper answer after watching my video. And I hope you will get clarity about ask rate is greater or smaller than bid rate.
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In this video I am going to show you how you can efficiently spot
order block and order flow which will not only increase the quality of
your trades but will also improve your trading results as you will be
trading along with the big money or the whales as I called them.
Watch this video carefully till the end as I will be sharing an
important method to spot order block and order flow efficiently and
without this method you are not going to get the results you are
looking for and all of this might just be a waste, so stick till the end
and be attentive.
00:00 - Introduction
01:29 - How to Spot Order Block and Order Flow
02:20 - How to Spot Order Block and Order Flow on Chart
03:58 - Important Tip
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