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Halexpark899
Nov 26 2020 at 06:37
22 posts
I completely agree with the fact that demo trading can make a lot of difference in how you see the market.

Nil2589
Nov 26 2020 at 12:22
10 posts
But I think demo will help you to understand how market works. And then you may becom experienced on real:) Difficult path...

Mitchelmarss
Nov 30 2020 at 09:41
29 posts
For learning forex, demo accounts are the best option you have. You can test any strategy on your demo account to find if it works for you.

Andronn
Nov 30 2020 at 10:38
64 posts
Use a demo account, it will always be useful for you, will it always hand you over

SofieAndreasen
Dec 01 2020 at 06:23
270 posts
Mitchelmarss posted:
For learning forex, demo accounts are the best option you have. You can test any strategy on your demo account to find if it works for you.

Especially new traders are most need demo account. However, trader lack emotion in demo trading.

Elias (Elias64453)
Dec 08 2020 at 13:38
12 posts
A demo account needs a leash in order to get an initial idea of what trading is. Understand the capabilities of the trading platform. And real knowledge and experience can only be gained by trading real money.

Daniel993
Dec 09 2020 at 14:48
14 posts
A Demo account is the best option for practising; you can practically test yourself in a demo account. But it can not give a complete learning procedure until one enters into live trading.

Elena Triston (ele020)
Dec 10 2020 at 04:12
113 posts
UweMoench posted:
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.


There are a couple of points which need to be taken care of when you are trading on demo.

1. Demo Helps you to practice basics.
2. Demo lets your learn without the fear of losing
3. Execution time in demo is much better in comparison to live (be it any broker, the execution time in live and demo will always vary.)

If you trade on demo with the above mentioned points in your mind, you will realize that one can clearly not call themselves a good trader and gain 100% confidence on live trading.

Firstly, in the live account your capital is always at risk so you would need to be very careful and place trades after proper analysis as their is hardly any scope for luck (which we generally get on demo when we just randomly place any trade :P)

Secondly, you might not get the best or instant price while live trading, the execution time might overlook your entry price and chop your profits.

Thus, its a fact that demo cannot make you a pro but it can surely help you to start to become a pro.

The more your practice, the more you learn.
Markwoods
Dec 10 2020 at 08:15
24 posts
SofieAndreasen posted:
Mitchelmarss posted:
For learning forex, demo accounts are the best option you have. You can test any strategy on your demo account to find if it works for you.

Especially new traders are most need demo account. However, trader lack emotion in demo trading.


That is the only issue with demo accounts: lack of emotions.

Darrensmith
Dec 10 2020 at 12:05
35 posts
I suppose demo accounts are equally important for experienced traders too, for testing new strategies. It is the only way to evolve as a trader.

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