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Demo can not make you well experienced
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UweMoench

Member Since Jul 19, 2020  111 posts UweMoench Sep 29 at 14:34
Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.

GeorgeBischof

Member Since Jul 19, 2020  148 posts GeorgeBischof Sep 29 at 14:40
I agree with you. But for learning forex, I think, A demo account is the best option. Because you can practically test yourself in a demo account.

ElliotCooke

Member Since Jul 20, 2020  150 posts ElliotCooke Sep 29 at 18:38
I completely agree with you. The demo is just to check your ability. It can not give a complete learning procedure.

EbonyJones

Member Since Jul 20, 2020  113 posts EbonyJones Sep 29 at 19:08
Most of the traders use the demo account to check their strategy.

Rblackmuir

Member Since May 21, 2020  3 posts Rblackmuir Sep 29 at 20:05
100% at last someone who gets it ..plus you have to trade a demo account with the same amount you are going to put in your LIVE account otherwise whats the point you leanr nothing ..anyone can win big with 50,000 demo on some lucky low pip high lots trades but that dont make you a successful trader....get $500 demo and double it 3 or 4 times ! THEN you are ready for going on live ! thats my thoughts and how i did it anyway

AliaDare

Member Since Jul 19, 2020  109 posts AliaDare Sep 30 at 00:42
Emotions don't usually work in demo trading. There is no interest in trading when doing demo trading. Due to which it is often seen that even after making a lot of profit in demo trading, it is unable to make a profit in real trading. So if a trader invests a little money in real trading without demo trading, it will be much better than demo trading.

Michihito

Member Since Jul 19, 2020  104 posts Michihito Sep 30 at 06:11
Yes exactly. The purpose of demo is to understand the system. And there is no point of taking 10,0000 balance to trade on demo. You are going to learn nothing except how to open a trade and close it. We should use demo account effectively.

Gracewilson1995

Member Since Jan 11, 2019  48 posts Gracewilson1995 Sep 30 at 08:09
This happens because we do not trade seriously on demo account thinking we won't loose anything of our own.

radioactive

Member Since Sep 07, 2020  36 posts radioactive Sep 30 at 08:12
You need to understand that the purpose of demo is nothing but offering you insight of how your live account trading will work. But you are missing out on fear of losing of money because you are basically losing nothing in demo, while actually losing in live account.

DoraWalletInvest

Member Since Aug 17, 2020  52 posts DoraWalletInvest Sep 30 at 08:15
Even though demo trading is not the same and it doesn't help you exprience your true emotions and reactions to market movements, I think it shouldn't be underestimated, it is a great way to test your knowledge.

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