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Demo can not make you well experienced

Sep 29, 2020 at 14:34
204 Replies
Member Since Feb 20, 2021   53 posts
Nov 02, 2021 at 03:58
No doubt that demo trading is an excellent way to increase your trading skills, but it can’t fully prepare you for the market. Live trading is different from the demo in many aspects: it requires traders to be emotionally alert with proper risk & money management. With only time and experience, one can become a better trader.
Member Since Oct 29, 2021   70 posts
Nov 11, 2021 at 05:40
It's true that demo account forex trading is not the same as live trading, but there are advantages to starting with a no-risk environment. Besides helping you stay in control of your trades and manage risk more easily, it enables traders to try new strategies without risking real money or wasting time learning ineffective methods.
Member Since Nov 02, 2021   73 posts
Nov 15, 2021 at 07:50
Traders can use demo trading as a learning tool before trading with real money. They can learn how money management affects their profit or loss.
Member Since Feb 02, 2021   38 posts
Dec 01, 2021 at 05:53
Demo accounts can’t make you well experienced and well versed with basic ideas of trading. The real trading starts with a live account which gives you experience and skill which are acquired over a period of time.
Member Since Jun 16, 2021   111 posts
Dec 16, 2021 at 04:10
It's true that demo account forex trading is not the same as live trading, but there are advantages to starting with a no-risk environment. Besides helping you stay in control of your trades and manage risk more easily, it enables traders to try new strategies without risking real money or wasting time learning ineffective methods.
Marcel Durham (MarcellusLux)
Member Since May 19, 2020   337 posts
Dec 16, 2021 at 13:33
The real experience is trading on a real account, no exceptions.
At the same time, only if you trade with the correct strategy setup, trading plan, analytics, this will give the desired experience. If you trade and rely only on luck, then it's just a 50/50 coin toss.
Member Since Feb 06, 2021   8 posts
Dec 17, 2021 at 19:38
I totally agree with this statement. Demo trading is only good for introduction but not for the educational purposes. You can test your ideas on demo account as well in order to sort out which ideas you can try to implement on real account and which are the piece of trash. Demo is not suitable for learning just because of the fact that there is no psychological aspect there which plays crucial role in real trading. It is impossible to remain indifferent when it comes about your personal money on the market. These emotions introvene into your decision making process and newbies are always driven by their emotions and feelings rather than common sense and logic. That is why if you want to be a success in trading you have to comb your psychology and make it not take part in taking decisions. More than that, demo account cannot give you slippages or spreads or commissions which are very important to include into your trading strategy, otherwise, your profits will be miserable and unpredictable.
Member Since Dec 14, 2021   28 posts
Dec 20, 2021 at 07:04
Demo accounts are not made to make traders well-experienced. It is like a helping tool. By practicing on demo accounts, traders can learn how real trading platforms work, what are different indicators and how to use them, how to read charts, place orders, and almost everything that is technical and necessary. However, if you talk about becoming well-experienced, I think a lot of traders don’t learn well on live accounts as well.
Member Since Nov 20, 2021   19 posts
Dec 20, 2021 at 10:07
Demo is only helpful till the time you understand forex terms, beyond that if someone is getting profits on demo then there is no harm in switching to micro lot accounts for live trading. This thing will tell you how to manage your real money along with the management of stress and emotions.
Member Since Jul 04, 2020   18 posts
Dec 22, 2021 at 16:42
This idea is very important to bear in mind. There are so many traders who trade on demo for many months and even several years, however, demo account will never make you a good trader. It is something like the fact that you play computer games will never make you a driver or a shooter or a pilot. Demo is only an exercise or a sandbox for traders, real experience can be acquired only through trading real money. There are certain features which are not present in trading demo like psychological pressure. I believe that noone can experience fear or greed while trading fake money because whatever the outcome of the trade is, you don't get any profit or loss. Demo trading makes you indifferent to your trading results. The situation is different when you trade the real money. More than that, there are no slippages or requotes in demo which play important role in trading. So, if you want to be a good trader, you'd better trade at least microlots in order to have this feeling of winning or losing, which will make you improve your skills, your market analysis, otherwise, trading with demo is just a waste of time.
Member Since Dec 13, 2021   32 posts
Dec 27, 2021 at 06:16
One of the most common reasons that a beginner should use a demo account before trading in the Forex market is to become well-experienced with the market conditions. A demo account allows you to trade in a simulated environment and make mistakes without risking your hard-earned money.
Member Since May 27, 2021   64 posts
Dec 27, 2021 at 10:04
I think demo trading will only tell you the volatility and platform execution speed. For handling real stress better to start with micro account. And on demo anyone can trade open positions in big lots and can see the good returns in a short time but if some one really want to test the skills then trade with micro lost on demo, this will show you how much your predictions are correct.
Member Since Jul 19, 2020   751 posts
Dec 27, 2021 at 12:01
Demo is not a place to become knowledgeable trader rapidly , its a place to see the strategies and leverage performance.
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Dec 27, 2021 at 23:30
A demo account is useful to backtesting strategy, but indeed to build good psychology trading, a demo account will cant give emotional pressure, and only on real trading account traders will feel real emotion, and here they can learn how to run plan trading with patience and learn from so many mistakes, but demo account is good step to learn forex trading before starting on a real account.
Member Since Sep 20, 2019   28 posts
Jan 13, 2022 at 19:23
Demo trading will never make you well experienced in trading, of course, but it brings lots of benefits for you in order to give you the opportunity to become well experienced. Demo trading exists only because of a need of traders to test their skills and strategies. Actually, this is the main function of demo accounts. The experience is being received on a real account and only when you trade on your own money, but not those ones which are given by the broker and considered to be virtual. In my opinion, this type of trading shouldn't be underestimated as well as it shouldn't be overestimated. Everything should be in balance.
Member Since Dec 14, 2021   46 posts
Jan 17, 2022 at 04:37
Demo trading is beneficial for inexperienced traders to develop trading skills and create trading strategies. However, it doesn’t make any trader an experienced trader because you require good risk management and emotions to become a good trader, which only the live market is capable of teaching. Therefore, after attaining some trading skills, traders need to start trading with small risks. For that purpose, a micro trading account is suitable.
Member Since Jan 10, 2022   40 posts
Jan 19, 2022 at 07:04
The demo doesn't make you a professional. It just makes you better! Many newcomers to Forex trading think that demo trading is not a good way to make the transition from a newbie to a pro. Demo trading is a great way for a new trader to get a feel of the market without really risking any real money.
Member Since Jul 27, 2020   102 posts
Jan 19, 2022 at 07:23
Wrong. Demo make you a little more wiser and experienced. They are just present that way you can trade better in your demo.
Member Since Jan 07, 2022   16 posts
Jan 20, 2022 at 05:19
Demo trading will save you from losing your hard-earned money. It will let you practice and learn how to trade with less risk of getting burned. You can also test your system and analyze your strategy for free. This will give you the chance to see if you are doing it right.
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Jan 20, 2022 at 08:19
Demo accounts remain useful for beginners, but for experienced traders demo accounts cant give them psychological pressure, because treating fake money is different with treat real money, in real money as traders will be more enthusiastic in trading and make their emotions play in minds, when face with loss, and when get profit, emotion will up and down like as the price wave.
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