Mateusz36354
Member Since Feb 12, 2020
15 posts
Dec 22 2020 at 15:01
It is advisable for a beginner to start with a demo account. It seems to me a prerequisite before actually entering the market.
lovefortrading
(perryjohn765)
Member Since Sep 12, 2017
238 posts
Dec 23 2020 at 04:18
exactly. the beginner should always start with a demo. infact the experienced can trade on demo side by side to try new strategies
Ericdier752
Member Since Nov 09, 2020
59 posts
Dec 23 2020 at 05:33
Adamgylicrist posted:I am guilty of the same.UweMoench posted:That is so true, the biggest mistake that a new trader makes on a demo account is trade millions on a demo when in reality he will be using only a few hundreds dollars out of his pocket for trading.
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Jakemark posted:And those emotions destroy the game of most traders.
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Mitchelsantner
Member Since Oct 13, 2020
34 posts
Dec 24 2020 at 12:26
Demo trading is essential not only for new traders but also for experienced ones. If I am to give my own example, I started trading first demo accounts of etrade and ib, and after almost 5 months went live. This was about 2 years back. I am still using both demo and live accounts simultaneously for practicing my strategies on demo before applying them on the live account.
LyudmilLukanov
Member Since Jul 23, 2020
869 posts
Dec 25 2020 at 09:23
mitchelstrack posted:All brokers off demo account Exness is no different.
Does anybody know if Exness offers demo account.
inspirenez
Member Since Jun 15, 2020
59 posts
Dec 26 2020 at 04:54
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them.
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
mitchelstrack
Member Since Oct 05, 2020
30 posts
Dec 26 2020 at 15:02
inspirenez posted:What’s the criteria here for classifying these brokers as good?
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
LeviSievwright5
Member Since Jul 20, 2020
298 posts
Dec 27 2020 at 02:15
Demo trading is a must to gain trading experience. It is possible to create a strategy by trading a demo. Consistently profitable with that strategy.
LyudmilLukanov
Member Since Jul 23, 2020
869 posts
Dec 27 2020 at 04:20
inspirenez posted:I think all broker offer demo account. Trade should test the services in demo account before investing money.
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
SofieAndreasen
Member Since Jul 23, 2020
759 posts
Dec 28 2020 at 01:30
Bunaya posted:Demo account is quite helpful especially for new trader to learn trading without investing or losing money.
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
inspirenez
Member Since Jun 15, 2020
59 posts
Dec 28 2020 at 04:03
mitchelstrack posted:Fast orders/fills/executions. Good customer service.inspirenez posted:What’s the criteria here for classifying these brokers as good?
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
Gracewilson1995
Member Since Jan 11, 2019
147 posts
Dec 28 2020 at 12:19
my advise is never to jump for trading without the demo trading
There is no doubt about the importance of demo trading. it is a key starting tool for gaining forex trading skills.
Garyneville221
Member Since Nov 17, 2020
19 posts
Jan 05 2021 at 09:33
Yes, the volatility is something every beginner has to face with their trading. But demo accounts are very good for practising a trade before execution. Helps a lot.
agreed, although demo and live trading varies a lot. according to me, one should not get stuck to demo for long, just learn the basics and start small.