FOREX IN INDIA

FOREX IN INDIA: SIGNS STIMULATING TO PASS FROM DEMO TO REAL TRADING

Actually, anyone who is intending to become a participant of Forex in India starts his way from opening a demo account and trading with virtual money. Demonstration account serves somehow as a field for gaining skills. Trading in the current field is safe because of the absence of real risks. Besides, in this case your emotions are stable and you are not worried about suffering losses. However, this state cannot proceed forever. Eventually what is the meaning of earning virtual money? They are just figures without any essential significance. So, if you open a demo account, sooner or later you will pass from the demo field to the real one. But what are the signs that it is high time for you to pass to real trading?

1.      You have had more profitable transactions ever since than unprofitable ones

You should try to make profits from your transactions, moreover they should be stable. Here the amount of earned dollars is not so important as the percent of the profits from all your transactions is. Overall, 6 transactions from 10 should be favorable. In case of recording such an index, you may already consider about passing to real trading.

2.     You are able to manage your capital properly

The management of the volume of the position is one of the main factors for success. Of course there is no definite strategy which will result in 100% profitable transactions. There would be some periods when losses are just inevitable. That is why it is necessary to choose a trading volume in a way that losses are not considerable and the profits are significant. This is considered to be the aim of any risk management methods.

3.    You already control your emotions

Emotions play a very important role for any trader of Foreign Exchange in India. So you should learn how to control them. It concerns losses as well as profits. Suffering losses should not serve as a cause for disappointment. After all they are natural. What you should pay attention on is that your profits exceed losses. Successful transactions also require being controlled; otherwise you may run into euphoria.

Connected with dynamic movements in the sphere of Forex in India, more and more Indians get interested in various nuances regarding Forex trading. So, these signs can be used by any participant of Foreign Exchange in India while deciding to become a real trader.