@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.
Oct 21 2020 at 11:05
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.
I also periodically use the demo account of the Amarkets broker in order to test my strategies and concepts where my errors are
Oct 27 2020 at 09:48
A demo is the best way to make your trading efficient and smooth. You can check all your plans in the demo account.
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.
Since most comments have suggested demo cannot make one experienced.
Oct 27 2020 at 12:18
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
Oct 28 2020 at 09:21
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.
Oct 28 2020 at 09:26
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!
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.
KhoiDam
