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Newcomers and demo trading
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Member Since Jul 23, 2020  115 posts LyudmilLukanov Sep 27 at 12:03
ElliotCooke posted:
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.

I agree. However, Trader lack emotion in demo account due to virtual money. They feel real emotion in live trading and make mistake because of that.


Member Since Jun 17, 2020  27 posts Calacti Oct 14 at 11:19
Demo accounts are good only to get a feel of the trading environment. Real money can only give real experience.


Member Since Jun 30, 2020  16 posts Lycineandrew Oct 15 at 05:14
If you are a newcomer in the world of trading, you must begin with a demo account. You can practise with a demo account and later switch to a real account.


Member Since Jul 01, 2020  25 posts Ezereombre Oct 19 at 12:39
Cannot agree more. Demos are absolute essential!


Member Since Jul 19, 2020  147 posts UweMoench Oct 20 at 04:21
@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.


Member Since Jun 30, 2020  43 posts Andronn Oct 20 at 05:08
You say absolutely correctly, on a demo account you need to use the amount that will initially be on a real account.

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