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Newcomers and demo trading
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Adribaasmet

Member Since Aug 27, 2017  842 posts Adribaasmet Apr 22 at 16:18
Actually, the value depends on the traders approach. Many traders have been using the demo for a long time, but till now struggling; because they don’t know how to use this practice account at all.

Dictiony

Member Since Apr 01, 2020  110 posts Dictiony Jun 17 at 00:08
Before start real trading you can test your strategy and plan on demo trading. Always start practicing with demo and after practice of some time you can go to real trading.

Justin990

Member Since May 27, 2020  5 posts Justin990 Jun 17 at 07:40
Is demo the only tool to help beginners gain knowledge and strategies on how to trade ?

I feel the best way to learn forex is by going live with a minimum amount so that you will gain more clear knowledge on how the forex trading works.

Mulberry

Member Since Jul 10, 2019  11 posts Mulberry Jun 17 at 11:53
Demo first always. The micro account. There are so many mistakes that can be made trading. make them on a demo

Raushelle

Member Since May 15, 2020  15 posts Raushelle Jun 18 at 07:25
Mulberry posted:
Demo first always. The micro account. There are so many mistakes that can be made trading. make them on a demo

I agree with you. Demo trading is just perfect to test everything. There's nothing to loose there but one gains a lot.

ReaderTrimble33

Member Since Jun 17, 2020  7 posts ReaderTrimble33 Jun 19 at 11:53
Since Forex trading is very complex. The right advice would always be to start off with a demo account. Try to absorb every bit of trading through demo trading. This will help you to avoid mistakes in real trading and will make you take wise decisions. Use your strategies on demo trading and figure out the best one for you.

Imamul

Member Since Aug 09, 2017  490 posts Imamul Jun 19 at 17:25
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.

Rblackmuir

Member Since May 21, 2020  2 posts Rblackmuir Jun 19 at 22:58
The only issue with demo trading and why all brokers offer BIG accounts t is they lull you into a false sense!
i treated my demo account like a live account and traded with the actual same amount i was going to deposit on a live account..
Whats the point of having a $10,000 or $25,000 demo accuont if you only have the funds to start with $500.etc.this is why most blow there small live accounts straight away as trading with a big demo account and using bigger lot sizes etc you get beginners luck and over confidence...Anyone can win with time on a big demo account as its mentally different , believe me there is no way you will trade your hard earned $500 or even $1000 like your big demo account ! .
BUT this is why brokers offer this so you get overconfident get some big lucky newbie wins on demo and then go WOW Forex is easy i am gonna kill it and then lay down your REAL money...but once you realise the wins etc cant be as big, you over reach and over leaverage to try and match what you did you your demo..Next min boom your $500 is blown and you go again! its all rigged against you so be careful people is what i say...
as someone said above better to leanr with a small live account!
`


Stonesong

Member Since May 13, 2020  65 posts Stonesong Jun 20 at 05:04
Perhaps in this way they want to show how this will work.

Roberto21

Member Since May 02, 2019  286 posts Roberto21 Jun 20 at 06:17
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.

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