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Newcomers and demo trading
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MP_89

Member Since Oct 07, 2019  30 posts MP_89 Jul 02 at 13:33
what is the probability in % that success on a real acc will be the same as on a demo. i'm scared and afraid to lose a deposit. what do you thinl?

Dictiony

Member Since Apr 01, 2020  110 posts Dictiony Jul 03 at 00:08
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.

Fernando9

Member Since Jul 04, 2020  14 posts Fernando9 Jul 06 at 06:39
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.

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.

Mohammadi

Member Since Aug 11, 2017  758 posts Mohammadi Jul 06 at 07:11
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.   

MP_89

Member Since Oct 07, 2019  30 posts MP_89 Jul 06 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 ...

MP_89

Member Since Oct 07, 2019  30 posts MP_89 Jul 06 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 ...

Kazile

Member Since Apr 25, 2020  61 posts Kazile Jul 06 at 14:01
Without a demo account, it will be quite difficult for a newcomer to understand the brokerage platform.

SofieAndreasen

Member Since Jul 23, 2020  67 posts SofieAndreasen Aug 14 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.

Dictiony

Member Since Apr 01, 2020  110 posts Dictiony Aug 17 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.

ElliotCooke

Member Since Jul 20, 2020  87 posts ElliotCooke Aug 17 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.

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