Newcomers and demo trading
Member Since Jan 11, 2019
147 posts
Jul 01, 2020 at 07:22
I believe demo is only profitable if one takes it as serious as while trading on live account. You should have keep in mind the risk of losing money while trading on demo accounts as well.
Member Since Sep 12, 2017
238 posts
Jul 02, 2020 at 08:15
When I start trading,demo trading played a big role and comes out to be profitable for me as i took it very seriously and traded like i am trading on live account
Jul 06, 2020 at 06:39
Dictiony posted:That's right! Demo is perfect to test strategies and practice. One shouldn't directly start with a live account, there are more chances to loose that way.
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
Jul 06, 2020 at 10:46
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Jul 06, 2020 at 10:48
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
I think so too.
But I have a problem with FxPro.
Already a second my demo account is being blocked (disabled) for a month. I can’t even close open trades.
Has anyone had a similar practice?
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Member Since Jul 23, 2020
759 posts
Aug 14, 2020 at 17:08
Demo accounts allow traders to track real market conditions and test trading strategies so they can practice trading without putting money on the line. Newcomer should try it first. Once you're sure to get started, you're ready to go live with a real trading account.
Aug 17, 2020 at 00:47
Demo trading is very helpful for all new comers in Forex trading and I see that most of the traders using this opportnity of learning Forex. All new traders do demo trading for at least thtree months to get some good practice and experience.
Member Since Jul 20, 2020
341 posts
Aug 17, 2020 at 10:32
I think every newcomer should use the demo account first before investing their money in the live account. a demo account will help them to know all the basics of forex properly. Then the possibility of facing losses will decrease.
Aug 17, 2020 at 10:51
Demo is important for everyone. The use of demo is to test your strategy. To. Find out the winning odds of a strategy you have to test it on demo first. Another use of demo is to get ideas about a broker's platform. Make your strategy perfect on demo then apply that strategy on live account.
Member Since Mar 05, 2020
4 posts
Aug 17, 2020 at 12:32
I recently came to forex trading, but what I want to say is that a demo account is not a panacea, I have been convinced many times that what works on a demo account may not work in a real account, and the market always behaves differently. So do everything on a demo account, I'm not in agreement.
Member Since Aug 17, 2020
8 posts
Aug 17, 2020 at 20:09
By using demo you learn what to do in practice and that should be mandatory before starting.
Member Since Jul 20, 2020
341 posts
Aug 19, 2020 at 13:12
Every new trader should practice first at the demo account before entering into the live account. The demo account will help them to learn all the basics of forex perfectly.
