Demo can not make you well experienced

Sep 29, 2020 at 14:34
7,988 Views
191 Replies
Member Since Apr 14, 2022   34 posts
Oct 21, 2022 at 11:11
In my view demo account make you well experience wot your own strategies.
Member Since Jul 23, 2020   869 posts
Oct 22, 2022 at 10:46
Forex is the largest currency trading market in the world and along with this; it offers range of opportunities for earning. Besides knowledge, you need a good trading broker to start trading with.
Member Since Sep 14, 2022   40 posts
Oct 26, 2022 at 07:37
tobeygomez posted:
In my view demo account make you well experience wot your own strategies.
I believe a demo account helps to understand how the trading actually works by giving us exposure to tools and techniques. Developing strategies is good, but only live trading can reveal whether those strategies are effective.
Member Since Sep 09, 2022   9 posts
Nov 01, 2022 at 06:47
Do not believe this nonsense. Demo trading will undoubtedly assist you in honing your skills and knowledge. By consistently practising on a demo account, you can become an expert trader.
Member Since Feb 15, 2022   183 posts
Nov 05, 2022 at 12:25
Sometimes market moves so fast that inspires traders to take high risk for making a quick buck within the shortest possible time.
Member Since Jul 04, 2022   29 posts
Nov 28, 2022 at 13:04
Demos can help beginners understand the basis of trading and the technicalities of platforms.

Trading in real time with a small capital and real risk can only make a trader more experienced. 
Member Since Mar 17, 2022   47 posts
Dec 16, 2022 at 06:21
Unless real money is involved, a trader will not feel the anxiety, fear, nervousness, greed, or anger that comes while trading.
Member Since Jan 21, 2022   57 posts
Dec 19, 2022 at 07:59
FredJones posted:
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
That’s the only reason demo accounts are worth it. Without taking on any real risks, backtesting and strategising is one way to give s newbie time to understand what they should be expecting from the process.
Member Since Mar 11, 2022   51 posts
Dec 19, 2022 at 08:18
FredJones posted:
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
Member Since Mar 24, 2022   56 posts
Dec 23, 2022 at 11:43
Both live and demo trading have their own pros and cons. The real sense of trading can be felt only on a live account, but a demo account is crucial because it helps you understand how the market works without losing.
Member Since Nov 29, 2022   40 posts
Dec 29, 2022 at 05:57
It is true that demo trading can be a useful tool for new traders to gain experience and for experienced traders to test out new strategies. However, it is not perfect ; demo trading does not fully replicate the real trading environment and psychology plays a big role in live trading, which is missing in demo trading, so it is important for traders to be aware of this limitation and to be cautious when transitioning to live trading.
Member Since Mar 21, 2022   47 posts
Dec 29, 2022 at 08:27
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
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