ShareHow about a clean "Only verified real PUBLIC accounts" myfxbook? Votes Results
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How about a clean "Only verified real PUBLIC accounts" myfxbook? Discussion
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Jan 17 2011 at 16:19
I'm really sick of demo money managers. I don't wanna say that demo account are useless but my opinion is that demo systems should only be set as private. If someone wants to show his results to the public it should be real verified account only.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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Member Since May 30, 2010 64 posts
Voffi (Voffi)
Jan 17 2011 at 18:11
(edited Jan 17 2011 at 18:16 )
I don't concur, why make it harder for the inexperienced to get feedback from the more experienced traders on how they are progressing?
myfxbook is a great tool analysing where you stand, whether it is a demo or a real account.. But I on the other hand would say that it should be more obvious to the viewer that an account they are observing is a demo account. A person is only limited by the thoughts he chooses. |
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Jan 17 2011 at 18:40
Of course it's a great tool for analysis, that's why I'm talking only about public accounts. Everybody can analyse his demo account but privately. We all know the psychological difference between trading demo money and real money so demo accounts don't represent the same as what an individual would do if it was real money. There are types of strategies which obviously look good on demo but for sure those 'account managers' wouldn't dare to trade their real money with them. That's why they prefer to show a perfect looking demo trap and risk other people's money. It's a win-win situation for them.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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Member Since May 30, 2010 64 posts
Voffi (Voffi)
Jan 17 2011 at 19:13
(edited Jan 17 2011 at 19:16 )
I understand your point and agree, but blocking the public from viewing your demo account restricts those learning from getting valuable feedback from experienced traders.. Thus making it harder for them to improve.
I would rather put the focus on informing people that results on demo accounts do not guarantee the same results with real money. By having disclaimers and warning labels or whatnot.. And making it obvious that the account in question is a demo account and not a real account. Regards, Stefán. A person is only limited by the thoughts he chooses. |
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Member Since May 30, 2010 64 posts
Voffi (Voffi)
Jan 17 2011 at 21:27
but blocking the public from viewing your demo account
meant, 'but blocking the public from viewing THEIR demo account' A person is only limited by the thoughts he chooses. |
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Member Since Jan 15, 2011 80 posts
Joe (peptraderfx)
Jan 18 2011 at 20:28
check out forexgundownyen trading sytem. excellent steady stability appreciation!
The Turtle always wins the race! |
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Jan 19 2011 at 13:07
peptraderfx posted: check out forexgundownyen trading sytem. excellent steady stability appreciation! It's a demo. Real traders trade real money. "In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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Member Since Jan 15, 2011 80 posts
Joe (peptraderfx)
Jan 19 2011 at 15:14
I guess you are right but soon I believe they'll have a real account up. I've been messaging them and soon they will. Thanks!
The Turtle always wins the race! |
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Jan 29 2011 at 12:07
peptraderfx posted: I guess you are right but soon I believe they'll have a real account up. I've been messaging them and soon they will. Thanks! Until then demo account are just wasting public time. You cannot buy food with demo $. "In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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Member Since Jan 06, 2011 243 posts
Ben smirt (Tradingcompany)
Jan 29 2011 at 13:25
forexma posted: peptraderfx posted: I guess you are right but soon I believe they'll have a real account up. I've been messaging them and soon they will. Thanks! Until then demo account are just wasting public time. You cannot buy food with demo $. Yeah sure, you can buy Demo food with demo $ 
Knowledge Is Power |
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