Edit Your Comment
The demo account is the master
Feb 26, 2021 at 14:06
Member Since Jul 19, 2020
298 posts
The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Member Since Oct 26, 2020
33 posts
Mar 04, 2021 at 11:28
Member Since Oct 26, 2020
33 posts
UweMoench posted:If it wasn’t for my demo account I would have never made it this far!
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
Member Since Oct 26, 2020
33 posts
Mar 05, 2021 at 11:40
Member Since Oct 26, 2020
33 posts
carolehaye posted:That’s something that all traders have encountered. What to do? There are so many choices! I had used Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.sailingconsist posted:Which ones did you use? I can’t seem to settle on one….UweMoench posted:If it wasn’t for my demo account I would have never made it this far!
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
Member Since Dec 14, 2020
18 posts
Mar 06, 2021 at 03:57
Member Since Dec 14, 2020
18 posts
sailingconsist posted:Thanks for replying mate. I am trying my hand at scalping….carolehaye posted:That’s something that all traders have encountered. What to do? There are so many choices! I had used Fxview and Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.sailingconsist posted:Which ones did you use? I can’t seem to settle on one….UweMoench posted:If it wasn’t for my demo account I would have never made it this far!
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
Member Since Jul 23, 2020
869 posts
Mar 12, 2021 at 04:02
Member Since Jul 23, 2020
869 posts
josejames posted:Traders can also test broker services in demo account without investing money.
Demo accounts work great for both new and professional traders. You can test as many strategies as you want on your demo account before risking your money.
Member Since Jul 23, 2020
759 posts
Mar 12, 2021 at 04:16
Member Since Jul 23, 2020
759 posts
AliaDare posted:However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
Member Since Aug 27, 2017
994 posts
Member Since Sep 12, 2017
238 posts
Member Since Jun 26, 2020
327 posts
Member Since Mar 13, 2018
13 posts
Mar 15, 2021 at 16:44
Member Since Jul 19, 2020
788 posts
SofieAndreasen posted:If you trade with the original money, the fear of losing that money is in the minds. And when it comes to demo trading, it seems that there is no problem even if you don't lose the original money. I can't talk to anyone else I shared my experience.AliaDare posted:However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
Mar 15, 2021 at 16:51
Member Since Jul 19, 2020
788 posts
Antonio_K posted:I wanted to point out that demo trading is less important because of which there is no loss or gain emotionally. But if that is the original money, then emotionally it can be a bit of a problem.SofieAndreasen posted:True, because emotions intervene only when actual monye is involved, thats why demo seems way too easy as compared to real account trading.AliaDare posted:However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
Member Since Nov 06, 2018
83 posts
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.