A stock market simulator is a program or application that attempts to reproduce or duplicate some or all features of a live stock market on a computer so that a player may practice trading stocks without financial risk.
Trading is considered to be an art and the best traders hone their skills through practice and a disciplined approach. Trading skills can be honed by analyzing to see what drives their trades steer clear of fear and greed.
Define clear trading Goals and ensure that your trading method is capable of achieving these goals. Also ensure to choose the right broker with a good platform.
Develop Risk management skills to navigate the inherent risk associated with a trading style as there are possibilities that a well-planned trade will go against you and end up in monetary loss. Allocate only a certain percentage of your trading capital and this will limit loss on any unsuccessful trade.
Learning patience and perseverance as it takes time to master how to trade successfully and make a profit in the forex market. This can only be achieved through hours of practice making practice trades before actually trading. To successfully execute these trades you will have to choose or develop your own consistent methodology to focus and successfully execute your trades. This methodology can be improved by performing analysis on the trades executed and improve and improvise your methodology