The best way to learn forex trading is to demo trade. If you read Kathy Lien’s Millionaire Traders, there is one story of a person named Hossain Harnekar who had lost all his money in a business venture. He started forex trading on the suggestion of a close friend. But he did not have money to trade live. So, what he did was demo trade and try to save $1,000 so that he could start trading live.
Today, Hoosain Harnekar is a millionaire and has been featured by Kathy Lien in her famous book. The only advice that Hoosain has for new traders is to triple your demo account twice in a row and only then think of trading live. This is the best advice one can give to a new trader. Demo trading is certainly not live trading but at least it helps you test your strategy and give you the confidence to face the real markets. The most important thing for you is to learn and master a good trading strategy on your demo account before you start trading live with it.
Whatever, eToro has a Christmas offer for you. You too can take part in this Christmas special trading championship that has valuable prizes. I am sure you will love to take part in it. It is available for the entire December. If you win this virtual money trading championship, you will win real money cash coupons that you can use to fund your live account and start trading live. Don’t hesitate! You have nothing to lose! You will be trading with virtual money and in case, you win the virtual money trading challenge, you will get real money prizes. eToro’s virtual money trading challenge winners will get real trading money coupons straight to their account, redeeming your coupon doesn’t require you to deposit! If you are in a situation like Hoosain, then this is the time to perfect your trading skills at the same time fund your live account. Good Luck!