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.
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
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.
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.
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.
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
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.
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.
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.
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
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.
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.
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.
success is not easy we know very well but still
we try to bring success with no learning , as a result we become loser when try to make it in practical.
we try to bring success with no learning , as a result we become loser when try to make it in practical.
Jan 06 2021 at 07:05
right now i am trading on demo and use there high leverage , actually this approach may be will help me when trading in a live to avoid unfortunate risk and losses.
