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Mateusz36354
Dec 22 2020 at 15:01
15 posts
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)
Dec 23 2020 at 04:18
125 posts
exactly. the beginner should always start with a demo. infact the experienced can trade on demo side by side to try new strategies

Ericdier752
Dec 23 2020 at 05:33
42 posts
Adamgylicrist posted:
UweMoench posted:
@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.

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.


I am guilty of the same.

Jakemark
Dec 23 2020 at 09:55
36 posts
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.

Fx_howie
Dec 24 2020 at 08:17
18 posts
Jakemark posted:
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.

And those emotions destroy the game of most traders.

Mitchelsantner
Dec 24 2020 at 12:26
32 posts
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
Dec 25 2020 at 09:23
253 posts
mitchelstrack posted:
Does anybody know if Exness offers demo account.

All brokers off demo account Exness is no different.

inspirenez
Dec 26 2020 at 04:54
58 posts
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.

Bunaya
Dec 26 2020 at 13:06
30 posts
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money

mitchelstrack
Dec 26 2020 at 15:02
28 posts
inspirenez posted:
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.

What’s the criteria here for classifying these brokers as good?

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