The demo account, a good tool to avoid being a gambler instead of a trader

Part of traders in the forex market can certainly be defined as gamblers rather than professional forex traders. Lured by the possibility of easy money in a relatively short period of time, traders throw themselves on the forex market immediately using real money; as a result, they get strong disappointments and many of them are forced to leave the activity in the first months after the opening of their forex account.

The so-called gambler trader enters the game already believing to be a good operator with an appropriate level of technical preparation and a good deal of cleverness that will allow him not to run in the most common mistakes and substantial losses that are the bane of many beginner forex traders. (more…)