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Demo can not make you well experienced

UweMoench
Oct 14 2020 at 13:29
751 posts
@ethan_65 It only gives you the scope to test your strategy. In demo we can find how our strategy is work. We can find risk reward ratio and winning percentage. But the real mental battle starts in live trading.
Miguelfabian
Oct 21 2020 at 11:05
39 posts
I think demo helped me a lot to gain experience. I still use the demo accounts of my brokers Fxview and IC Markets to back test my reworked strategies.
Mauk
Oct 22 2020 at 06:24
78 posts
I also periodically use the demo account of the Amarkets broker in order to test my strategies and concepts where my errors are
ElliotCooke
Oct 27 2020 at 09:48
341 posts
A demo is the best way to make your trading efficient and smooth. You can check all your plans in the demo account.
Bradley88
Oct 27 2020 at 10:54
43 posts
I'm currently trading in an demo account since I'm a beginner, been pretty good at demo account should i start trading in live and not waste anymore time in demo ?

Since most comments have suggested demo cannot make one experienced.
lovefortrading (perryjohn765)
Oct 27 2020 at 12:18
238 posts
demo can surely make you experienced depending on how seriously you trade. if you take the real scenarios and trade as in the live account it can surely give you experience
DoraWalletInvest
Oct 28 2020 at 09:21
123 posts
Bradley88 posted:
I'm currently trading in an demo account since I'm a beginner, been pretty good at demo account should i start trading in live and not waste anymore time in demo ?

Since most comments have suggested demo cannot make one experienced.

In my opinion it is worth sticking to demo until you have been consistently profitable for at least a few months. Successful demo trading is still a good indicator of whether your trading strategies work or not. I believe you need to be able to trust your methods before you enter real trading where your psychology is more affected. But if you feel ready to move on, I think you should start with a cent account.
DoraWalletInvest
Oct 28 2020 at 09:26
123 posts
ElliotCooke posted:
A demo is the best way to make your trading efficient and smooth. You can check all your plans in the demo account.

I totally agree!
KhoiDam
Oct 30 2020 at 10:38
20 posts
A demo account will not make you a good forex trader if you consider it to be a demo account. There are alot of traders that consider the demo to just be a demo account and trade with risk in the demo account while thinking that he will do the same in the live account. They mostly end up as failures. You have to be keen on everything and especially the demo account.
Oktaviani
Oct 30 2020 at 10:39
22 posts
I don't agree with this because a demo account is what made me the trader that I am today, It was all about learning and practicing in my demo account. I got better and better until today that I am a good forex trader.
DoraWalletInvest
Nov 02 2020 at 07:07
123 posts
KhoiDam posted:
A demo account will not make you a good forex trader if you consider it to be a demo account. There are alot of traders that consider the demo to just be a demo account and trade with risk in the demo account while thinking that he will do the same in the live account. They mostly end up as failures. You have to be keen on everything and especially the demo account.

Totally true, if demo trading is best when it is done with the right mindset.
Faujinn
Nov 02 2020 at 12:22
57 posts
A demo account can bring certain results if you understand why you need it and how to use it for your own purposes.
marnuslabushane
Nov 05 2020 at 06:48
40 posts
It can help you practice and get an idea about how the real thing will be. It is just like a specimen of the live account and I think it is really helpful for traders. It gives you some experience in trading and makes a base for trading live.
Gergo_01
Nov 05 2020 at 06:54
24 posts
According to me, demo is a good way to get your hands on forex trading, become well versed with the working here. Yes, because of no money involved, emotions don't have a role to play in demo trading, but for practice and starting, it is a good way.
VictorAxel
Nov 05 2020 at 06:55
31 posts
Well demo is undoubtedly the best way to start forex trading, but after you've practiced enough on demo, one must start live account trading with a small amount because that's what gives you a real experience.
Elisha Veriwa (everiwa)
Nov 05 2020 at 07:05
1 posts
It is in most cases not usual to be serious in applying the knowledge and effort in demo trading because of the mindset that the money is not even real
If you can dream it, you can do it!
Mohammadi
Nov 05 2020 at 07:52
886 posts
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.   
Adamgylicrist
Nov 06 2020 at 07:17
38 posts
A demo account will give you enough experience to trade live. It is like a practise session before entering the real world of forex trading. It is quite beneficial and I believe every trader should practise on a demo account.
Gracewilson1995
Nov 06 2020 at 07:23
147 posts
it can surely make you experienced depending on how seriously you take it.
Mohammadi
Nov 09 2020 at 08:02
886 posts
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.   
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