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.
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.
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.
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.
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.
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.
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