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Demo can not make you well experienced

GraceGilm
Nov 17 2021 at 15:53
154 posts
well, the demo was not created in order to completely make a trader trained, this is only a small version of how forex works, all secrets occur only in real trading

blancheklein
Dec 01 2021 at 05:53
34 posts
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.

RobSchiz
Dec 01 2021 at 06:20
567 posts
blancheklein posted:
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.

A demo is the best place to learn forex properly.

billysnyder
Dec 16 2021 at 04:10
91 posts
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)
Dec 16 2021 at 13:33
145 posts
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.

Oleg_Kramarenko
Dec 17 2021 at 19:38
8 posts
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.

RobertFerrari
Dec 18 2021 at 19:04
375 posts
MarcellusLux posted:
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.

Before trading on a real account, you need to be sure from the demo account.

croisssan
Dec 18 2021 at 19:47
939 posts
And I think the opposite. At least when I first started working with a broker, I studied on a demo account.

Peirameter
Dec 20 2021 at 07:04
28 posts
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.

Lethab_Mpho
Dec 20 2021 at 10:07
19 posts
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.

Shiber
Dec 22 2021 at 16:42
17 posts
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.

croisssan
Dec 22 2021 at 17:57
939 posts
A demo account is a really good option for learning. At least when I started working with a broker, I used a demo account.

Actinism
Dec 27 2021 at 06:16
28 posts
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.

RobertFerrari
Dec 27 2021 at 09:24
375 posts
Shiber posted:
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.

Very nicely explained.

Alexthetrader
Dec 27 2021 at 10:04
60 posts
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.

UweMoench
Dec 27 2021 at 12:01
751 posts
Demo is not a place to become knowledgeable trader rapidly , its a place to see the strategies and leverage performance.

croisssan
Dec 27 2021 at 16:02
939 posts
A demo account is a very good learning option that can give a trader a real experience. At least, when I used a demo account for training, I was able to achieve excellent results.

Suradi (FXOday)
Dec 27 2021 at 23:30
288 posts
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.

Saithidor
Jan 13 at 19:23
23 posts
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.

Nakedize
Jan 17 at 04:37
41 posts
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.

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