Newcomers and demo trading

Sep 26, 2017 at 14:46
6,689 Views
157 Replies
Member Since Aug 11, 2017   886 posts
Sep 26, 2017 at 14:46
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.
Member Since Feb 12, 2016   427 posts
Sep 28, 2017 at 07:13
This looks like spam topic...What is your point exactly?
Accept the loss as experience
Member Since Aug 11, 2017   886 posts
Sep 28, 2017 at 14:42
The traders who are particularly beginners first of all have to move on demo trading which is the primary source to acquire exact basic information which is very supportive to continue a live account in a proper way. but mostly traders don’t believe the importance of this trading place at all and kick off a live trading without demo . ultimately they come loser due to lack of real trading experience.
Member Since Aug 09, 2017   95 posts
Sep 29, 2017 at 09:36
The demo trading we have to do with seriously, if we want to be a knowledgeable trader very rapidly. But practically mostly traders don’t believe the importance of this trading place at all. My trading career I use all my trading techniques in my demo account to see the performance how it works. It always helps me for avoiding risk.
Member Since Apr 18, 2017   920 posts
Oct 01, 2017 at 06:23
Demo is the best way of learning Forex trading, I see, maximum new traders are using their demo with a wrong approach! But the traders, who took their demo so seriously now they are enjoying their live trading.
Member Since May 16, 2019   29 posts
Feb 13, 2020 at 17:56
Are you being able to understand what is going on here? Demo is mainly for getting around the whole Forex system and maybe a bit more things to drive you into the life or real account anyway. So please make it possible when you will be free.
Member Since Aug 09, 2017   785 posts
Feb 16, 2020 at 05:57
demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works, this approach always help me to avoid risk when trading in practically.
forex_trader_745947
Member Since Jul 08, 2019   57 posts
Feb 16, 2020 at 17:22
Before go for real test everything on demo
Member Since Feb 20, 2020   3 posts
Feb 20, 2020 at 11:16
Demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works.
Member Since Feb 12, 2020   12 posts
Feb 26, 2020 at 12:05
Mohammadi posted:
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.
I agree with you

Member Since Feb 24, 2020   10 posts
Feb 26, 2020 at 13:26
Mohammadi posted:
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.
I agree

Member Since Oct 07, 2019   47 posts
Mar 04, 2020 at 11:39
i agree with you. demo acc is good. i think even if you are already experienced trader and looking for new broker first check the demo trading.
but i'm newbie still. so my trade way is only started.
Member Since Mar 05, 2020   4 posts
Mar 05, 2020 at 07:57
Mohammadi posted:
This volatile trading place is very much complicated for all kinds of traders in particularly for who are newcomers. Newcomers first of all have to observe all market principle which is more appropriate to survive in here in a proper way. They have to emphasis firstly only learning by reading books, Pips school, Forex.com and from much more Forex website. And with this process also should trade in demo account to make sure market movements. But practically mostly don’t believe the importance of demo account at all.
Demo accounts are very useful not only for beginners, but also for experienced traders. So how can you check on them without losing funds new trading strategies

Member Since Dec 26, 2019   21 posts
Mar 21, 2020 at 15:09
Every new person should try himself in that new demo trading before starting to apply all that serious techniques anyway on any possible reasons. I do not see where we are going with that matter, but train on demo first absolutely.
Centrillador
Member Since Mar 21, 2020   1 posts
Mar 21, 2020 at 19:01
I say use demo to perfect method to the point where I can win enough times, 10 preferably, to gain confidence to take that strategy into the live account
Member Since Mar 23, 2020   63 posts
Mar 24, 2020 at 08:18
Even I started with demo trading only. Its always better than to stake our money in the beginning itself.
Member Since Oct 07, 2019   47 posts
Mar 27, 2020 at 10:48
Cizel89 posted:
Even I started with demo trading only. Its always better than to stake our money in the beginning itself.

how much time do you use demo acc? i think one month is enough to test my strategy with demo acc. what do you think?
Member Since Mar 27, 2020   9 posts
Mar 27, 2020 at 11:07
1 month is enough to find out if your strategy sucks but not enough to see if it is good. You need to test for a least 6 months to know that. And even then the strategy may suck in different trading conditions
Member Since Oct 07, 2019   47 posts
Mar 27, 2020 at 11:12
diskdillinger posted:
1 month is enough to find out if your strategy sucks but not enough to see if it is good. You need to test for a least 6 months to know that. And even then the strategy may suck in different trading conditions
oh i see. thanks for your opinion.
Member Since Mar 26, 2020   3 posts
Mar 27, 2020 at 13:10
for a beginner, please demo for at list six months. My best advice for a beginner is to learn how to trade, take your time and develop a good trading system that suits your trading style, work on it to perfection and look for a mentor who is good in forex to guide you towards achieving success before investing your money.
Director of foreign currencies
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.