After more than 2 years of work, I’m proud to introduce you to the UltimateForexTradingMethod, my own forex strategy. It has been a pretty tough work to develop and create this “never seen before” strategy but here it is !
After having reviewed all the different forex products I reviewed, it seemed to me that none of them was really clear and going to the point. Indeed, most of them were scams.
I took action, firstly because the Forex is really a passion for me and then because I needed to do something for all those beginners who don’t know where to start. However, the UltimateForexTradingMethod is not only aimed at newbies. Indeed, it explains an unseen strategy that makes tons of pips and I think both newbies and veteran want to make pips…
What I do like about the method I’ve discovered is that it really highlights strong signals, and as a consequence you don’t need to worry about the trade.
Actually the product doesn’t only consist in one method, there are actually 3 methods.
Let me tell you a bit more about that :
-At first you have a basic but extremely effective bounce off trading strategy.
-Then you have a breakout trading strategy which is pretty amazing.
-And finally, the secret one, which is the biggest discovery of my life : The UltimateForexTradingMethod !
All those strategies are coming with 5 long videos which resume, explain, and illustrate, the different methods.
Now it’s time to stop talking about all of that and let you have a look the product !
How to Make the Best use of a Demo Account in Forex ?
The point we are going to discuss here is in my opinion very important. The main thing we have to retain is that a demo account will never be a real account… Of course it seems very stupid but in reality, most people don’t make any difference between demo and live and they think their live account we’ll be exactly identical as their demo account….
A forex trading demo account is offered by almost every legitimate forex broker today. The brokers profit by automatically marketing their business to curious traders, while the traders themselves satisfy their curiosity and sometimes make up their mind about whether they should be opening a live account by spending some time trading the demos. Needless to say, the most important question that must be answered about demo trading is the extent to which it is similar to a live trading account. Do we really gain valuable experience about trading by being active in the safe and sanitized environment of the demo account? Let’s take a deeper look at this important question.
Regardless of how faulty your strategy or approach can be to trading in general, the maximum amount that you can lose or gain in demo trading is zero. Demo trading is a game, but forex trading is a highly risky activity that can have significant consequences for the financial well-being of a reckless trader. Of course, there is also the possibility that a competent trader will get rich trading currencies. In all cases, forex trading is about risk management, and since demo trading has nothing to do with risk, it can never be a reliable testing environment of your potential in the market. Demo trading is not even an approximation of live trading.
An interesting aspect of demo trading accounts is the large amount of starting capital that is made available to beginners, typically between $50-100,000. This gives a sense of false security, since the trader will probably think, if he’s unable to wipe out that much money in a short time, he can afford to learn the task by trading with real money with a misplaced sense of confidence. That is not bad for the broker, since any capital committed, and any trade initiated is a profit. But it is not good for the trader who must sooner or later come to the realization that the false confidence inspired by demo trading did not have any relationship to reality.
Demo trading is an excellent tool for understanding how forex software work, how you can develop strategies, and also for testing basic assumptions about the functioning of markets. There is no better way of learning about how to place a stop-loss/take profit order, for example, than doing so while demo trading. But demo trading is not for getting used to risk, or for understanding it. The only way of achieving that goal is trading with real money, by very small sums, probably by making use of a mini account at the same time.