Demo can not make you well experienced

Sep 29, 2020 at 14:34
191 Replies
Member Since Jul 25, 2022   20 posts
Aug 11, 2022 at 10:01
It's true!
It can only provide you with a taste of what the market could be like. To be well experienced, you need to put in the time and effort to learn the ropes and master the skills required for the job. A demo can give you a head start, but it cannot give you the surety of becoming a successful trader.
Member Since Jan 18, 2022   48 posts
Aug 12, 2022 at 08:08
Demo trading is helpful for letting a newbie thoroughly test his strategy to find a profitable price range as to when he should enter and exit a trade. Which is why trading is a demo that can help a newbie to improve technical analysis, risk management, and fundamental analysis. However, as no real money is involved, the trader does not feel any emotional attachment to the money he is trading (which is fake money). This does not help the trader to develop his trading psychology and money management skills.
This is the reason why many beginners who made good profits in demo trading, failed in the beginning of live trading.
Member Since Jun 26, 2020   327 posts
Aug 14, 2022 at 03:22
to become successful from this trading place is a big deal , need a perfect money management including most powerful analyzing trading knowledge.
Member Since Aug 17, 2022   45 posts
Aug 25, 2022 at 12:12
Although a demo account cannot provide you with well-trading experience, especially when it comes to monetary values, but it does allow you to put your training into practice in an environment that is similar to real life without putting your real money at risk.

Member Since Apr 03, 2021   470 posts
Aug 26, 2022 at 01:20
Seems there are many traders feel skeptical about demo accounts. In my experience, a demo account is useful to backtest a trading strategy, and expert advisors, this is still useful to learn to use a demo account, and we can trade real accounts while still performing a demo account.
Member Since Feb 15, 2022   219 posts
Aug 26, 2022 at 04:55
Forex signal isn’t such an easy thing that you can generate it only utilizing technical tools rather geopolitical factors should be considered too.
Member Since Jan 20, 2022   31 posts
Aug 26, 2022 at 08:00
It's a matter of actual realisation that a demo can't have the capability to make you perfect in trading. But to get the superior one, you must have to overcome the inferior steps. And the demo is like that. A demo just functions as the mirror of your self-confidence in the field of trading.
Member Since Feb 15, 2022   219 posts
Aug 26, 2022 at 14:56
DoraWalletInvest posted:
Even though demo trading is not the same and it doesn't help you exprience your true emotions and reactions to market movements, I think it shouldn't be underestimated, it is a great way to test your knowledge.

However, make sure your strategy is proven. Use demo accounts to make a judgment over your strategy.
Member Since Jul 26, 2022   49 posts
Aug 30, 2022 at 07:54
I don't believe so. In my experience, demos play an important role in learning and understanding trading.
Member Since Aug 17, 2022   80 posts
Sep 02, 2022 at 09:59
ElijahM posted:
It is true that demo alone cannot make you well experienced. Beginners need to take risk and trade live with lower costs to understand the live market.
Yes, trading experience from a real account is counted more specifically, since strategies for real money develop differently than for virtual money.
Member Since Apr 14, 2022   24 posts
Sep 05, 2022 at 07:03
It’s good for a trader to start with demo trading but for real trading experience, they will have to put their money at risk. Demo trading just shows how trading is done. To get familiar with the results, you will have to trade in the market.
Member Since Sep 21, 2022   11 posts
Sep 23, 2022 at 12:03
A demo account cannot make you an experienced trader. But it can help to gain experience in trading. Experience comes with knowledge, daily market study, and with practice.
Member Since Sep 19, 2022   7 posts
Sep 24, 2022 at 10:31 (edited Sep 24, 2022 at 10:33)
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.
If you follow your system and trade the same balance your planning to put into real money you can gain expertise
Member Since Sep 06, 2022   26 posts
Sep 27, 2022 at 10:40
Demo trading will help you to gain confidence in your knowledge and expertise. Demo trading aids in understanding the mechanism of the real time market and practise trading strategy on different time-frames without risking any money.
Member Since Jul 26, 2022   49 posts
Oct 15, 2022 at 11:20
That's true demo account cannot make you well experienced but it can teach you how trading works and how to use their technical indicators as well. so, the demo account plays an important role.
Member Since Sep 14, 2022   40 posts
Oct 17, 2022 at 06:54
To achieve good trading skills, it is a must to practice on a demo. Although, you should know that there is a lot of difference between real and demo accounts, and one of them is money.
Member Since Aug 19, 2021   240 posts
Oct 17, 2022 at 10:55
Yiannis_trader posted:
That's true demo account cannot make you well experienced but it can teach you how trading works and how to use their technical indicators as well. so, the demo account plays an important role.
Oh do you really not gain experience by learning to trade on a demo? Lol. The demo can give you the same good experience as real trading. And sometimes, a trader may be more experienced than one who underestimates the contribution of demo accounts to learning.
Member Since Feb 15, 2022   183 posts
Oct 17, 2022 at 16:55
Use strategies properly and if you see a certain strategy is giving you losses constantly, you have to change this strategy.
Member Since Oct 04, 2022   15 posts
Oct 21, 2022 at 06:27
That’s because live trading is a completely different experience for a trader. And when your real money is at risk, you also include your emotions in decision making, which has negative consequences. Demo trading is purely designed to help you build a tested strategy system.
Member Since Sep 13, 2022   16 posts
Oct 21, 2022 at 09:17
It is true that demo account experience cannot be counted as trading experience in the first place. The actual trading experience begins when you start risking real money in forex. But one should never jump into live trading without demo account practice. Practice for enough time on a demo account so that you won’t be lost and confused while trading on a real account.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.