Before you take the plunge and invest thousands trying your hand at Forex trading it is often best to test the water first, to see if Forex trading is for you. Many good Forex markets will offer you a demo account and even though these demo accounts go a long way to showing how well a specific trading platform works for you trading with pretend money isn’t the same as trading with your own cold, hard cash, which is why you can now open a Micro Forex Trading Account At Finexo.

As one of the world’s leading retail Forex trading markets, Finexo understands the difficulties faced by new traders. This is why they are now offering new Forex traders their new micro Forex trading accounts. This way you get to wager your own money, giving you a feel for trading for real but without the risk of losing thousands of dollars if you do get it slightly wrong to start with.

Finexo was established in 2003 and had since grown to be one of the internet’s leading trading platforms with thousands of Forex traders using Finexo to speculate on the price of currency pairs every week. Traders at Finexo have access to a state-of-the-art trading platform which allows you to make trades comfortably, including remotely using your PDA or via the SMS service.

Visit www.finexo.com to open a new micro Forex trading account and start trading on the huge number of currency pairs available at Finexo with as little as $25, avoiding the necessity to invest huge sums of cash before seeing of Forex trading is right for you.

To Whom It May Concern:

My name is A. I set up a Meta 4 LiteForex Demo Account starting on June 15, 2009. My account number is 1000xxxxxx SIG Trader 4.

I want to know the name and contact info of the broker for my account as soon as possible. I need to know the payment method because the first week I made 25.25 trading. I am still doing the trading.

My address is bla bla bla.

Please contact me as soon as possible.

Sincerely,

A

I tried to inform this person that I am not her broker and that she should contact LiteForex instead and also that it’s not very justified to ask for a withdrawal from a demo account. I’ve got one e-mail back with almost the same content as the first one. Apparently the hapless Forex trader failed to understand the situation or just didn’t believe me. I’ve tried once more to explain everything to her and received another interesting reply, which still insisted on a withdrawal from the virtual funds:

Again, please explain to me the payout process method to me for doing this forex trading the demo account! I need to know the payout process as soon as possible! I am not doing this forex trading for nothing!

Fortunately after one more e-mail from my side I’ve got a reply from her that made me think that she finally understood that it’s rather useless to ask me for «payout process for doing forex trading on demo». Though I am still not sure whether she understood well that it’s in all cases impossible to withdraw anything from the Forex demo account…

So, the moral of the story: if you want to earn money in Forex (and then withdraw it) you have to deposit real money into a real trading account first, then you should trade and win and only after that you are free to withdraw everything you want. To other Forex newbies I want to recommend reading the basic information about the retail Forex market and how it functions before «doing this forex trading for nothing». And in case you were going to request a withdrawal from your broker’s demo account, I beg you: «Please, don’t!»
(…)
Read the rest of Curious Case of Some Newbie Forex Trader (23 words)

Posted on Forex blog.

Have you ever set your trading goals, set your stops and limits but eventually forget about that. You have your strategy but still didn’t do the strategy and enter the market although it is not suits your strategy. And finally LOST your money. How could that happened? It’s because you lack DISCIPLINE. Many beginner trader and some experienced trader too, often enter the market because they are tempted to go in due to the fear of missing out a big move although it breaks their trading rules.

If you want the easy way, you can buy your self a forex robot like Fapturbo . It is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. If you want to be discipline keep reading this article.

First you need to set your trading rules. Write on a paper your rules. Here’s my rules:

• Enter the market when there is higher high and higher low or lower high and lower low.
• Start closing my position if it breaks #1 rules.
• Only risk 1% of capital for a position.
• Use a stop order (15 pips) and limit order (20 pips).
• After three losing trades I will stop trading for the day. Usually if I continue trading I will lose more.

Second. Here are some tips for your discipline:

• Be easy on your self for your mistakes. The more you get upset with yourself for your mistakes the more it will influence your future trading.
• Keep practicing on a demo account. Set a goal, if you haven’t got 50% return you will not go for real trade.
• After every losing trade close your forex platform. This will you get you some time to cool your self.
• Put a Post-it note at your screen to be disipline so you remember to be disipline.
• If you find yourself praying for the market then this is not a good condition. So close your forex platform immediately.
• Have your spouse accompany for your trading. She/he can reminds you for your action.
• Use a demo account and have your spouse to trade for you. When you want to enter the market, you need to talk to him/her. This will slow your action and make you thinks clearly.
• Relax and visualize your self of your mistakes. Imagine your mistakes. Imagine your loss because of greed. In your mind see you takes defensive position for your next trade. Imagine every details of next trade. Do this often to change your mind.
• Focus on your trading. If you have something else to do like working, don’t trading.
• Print this tips and read it every day.