Thursday, August 13, 2020

💬 “Demo vs. Real Trading Account: Which is More Educational?” | AUD/CAD and AUD/NZD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 13, 2020
Trading term of the day: Negative Interest Rate Policy (NIRP)
NIRP is a macroeconomic concept that describes conditions characterized by negative nominal interest rates. Under NIRP, the price of money isn’t zero. It’s less than zero. Here's what it's for and how it works.
5 questions to ask before opening a live forex account

Here’s a nice little trading experience checklist, where your answer to each question MUST be an unequivocal, resounding, and decisive “YES!”

Trade idea: Short AUD/CAD
Pipcrawler's bearish on AUD short-term, and he'll make that play against the Loonie, which seems to be benefiting from recent strength in oil prices and a better-than-expected Canadian employment report last week.
Love trading the dollar?

You can use MarketMilk™ to see how USD pairs are doing! Select “Normalize” as the base currency so you can get a better look at how it's been performing.

"Trading with $100 vs. demo trading: Which is more educational?"

Forum member ojissman writes, "I just really think if I could put in little deposits like $100 into a real account, it would be more challenging and educational to me than a demo account." 

Trading today? Read this first.

AUD/NZD bulls have been on a solid run higher, which may still have room to run depending on the upcoming data from New Zealand, Australia and China. Here's what to look for.

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