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Newcomers and demo trading

saluteband
Apr 20 at 04:04
31 posts
Opening a demo account is the best way for beginners to become familiar with forex trading. They can study, learn, practice, and develop their own approach to trading


Gewgaw
Apr 21 at 07:36
34 posts
Every trader who is new to Forex can benefit from demo trading. He can gain more experience by practising demo trading, and will be able to make a good profit in the live market later on.
Eloise
Apr 22 at 06:45
41 posts

Beginning as a newcomer in forex trading can be challenging, I would recommend going through different terminologies and concepts from the internet. At first, it can be tough to understand the trading analysis and charting patterns but there's always an option to opt for a demo trading until you are comfortable with risking real money.
fxashely89
Apr 23 at 09:31
26 posts
Initially, many traders start with demo trading because it is a safer and more convenient way to learn how to trade from the inside. One can learn in a better way because it gives a real-life trading experience and is risk-free.
LyudmilLukanov
Apr 24 at 06:22
828 posts
Antal537828 posted:
Demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works.

Perfect, that's the advantage of demo trading account! Actually, right now I'm using my real account but till now I need to use the demo, know why? Because I always try to modify my existing trading systems! So, demo account is my ultimate choice!
AndrewMcCalam54
Apr 24 at 09:27
132 posts
newcomers even though consider demo as like a time passing issue but this is a master place to become knowledgeable trader very rapidly.
Europhile
Apr 25 at 12:15
16 posts
It is always good to practise on a demo account before risking the real money. But some new traders are skipping this step which may not cause any problems if they are good at trading to begin with. Also, being good at trading with a demo account does not indicate that you will be good at trading with a real account too since a demo account is very much different from an actual trading account. Even the strategies that worked perfectly in your demo account may fall apart when you use them in real trading. Still it is better to test your skills in a demo account and it is a lot of fun too.
Iceglove
Apr 25 at 16:38
9 posts
Europhile posted:
It is always good to practise on a demo account before risking the real money. But some new traders are skipping this step which may not cause any problems if they are good at trading to begin with. Also, being good at trading with a demo account does not indicate that you will be good at trading with a real account too since a demo account is very much different from an actual trading account. Even the strategies that worked perfectly in your demo account may fall apart when you use them in real trading. Still it is better to test your skills in a demo account and it is a lot of fun too.

Sums up what I think as well. Demo should never be skipped. It is too important
davemack
Apr 27 at 06:14
78 posts
Beginners should always practice on demo accounts, which practically all brokers provide. This is because it will provide you with an understanding of how the platform works, how to use various tools, and how to get the most of it.
Tam_fx
Apr 28 at 07:07
20 posts
davemack posted:
Beginners should always practice on demo accounts, which practically all brokers provide. This is because it will provide you with an understanding of how the platform works, how to use various tools, and how to get the most of it.
with which broker, did you try demo account?
Peterhandcomp
May 04 at 07:30
22 posts
The greatest way to learn forex properly and understand the trading platform is to use a demo account. Every new trader should practice on a demo account before spending real money on live trade.
Mitchelsmith
May 05 at 07:33
21 posts
Every trader who is new to Forex can benefit from demo trading. He can gain more understanding about the platform and the market movements by practising demo trading, and after sufficient practice he can trade live.
whitneytyler
May 12 at 05:19
72 posts
Demo trading is an important stepping stone in your forex trading career. It makes you well-versed with the market and the software that you will use. It helps you practice your strategies without worrying about losing your money. But it should not become a reason for your unrealistic expectations in the market. You have to take care of that.
radioactive
May 13 at 04:01
58 posts
whitneytyler posted:
Demo trading is an important stepping stone in your forex trading career. It makes you well-versed with the market and the software that you will use. It helps you practice your strategies without worrying about losing your money. But it should not become a reason for your unrealistic expectations in the market. You have to take care of that.
ya, that's true. Demo trading is the first and most important step to start for trading.
Periwield
May 13 at 19:29
20 posts
Demo trading is a must of a newcomer. Without a doubt and those ones who claim that demo trading doesn't contribute into trading just are ignorant traders. Demo trading meets your with trading activit,y, but sometimes it of course might be harmful fo traders as it elaborates a kind of 'habit' to trade money which doesn't belong to you. It makes your brain think that it's cool and it's the most comfortable activity for him.

when traders go to real account, it's so tough to them to start trading because their brain tried to 'reject' this idea as it doesn't comfortable for it and the nerve system as well.
Quercine
May 16 at 04:16
47 posts
I don’t think there are any traders who didn’t practice on their demo accounts before live trading. It’s not advised to take the plunge even before you know what it is.
Teutomania
May 18 at 05:40
18 posts
The demo account is crucial for everyone. A demo is used to evaluate your plan. To determine a strategy's winning probabilities, it must first be tested on a demo. A demo may also be used to gain an understanding of how a trading platform works. On the demo, improve your strategy before implementing it on a real account.
AndrewMcCalam54
May 18 at 07:50
132 posts
when you have lowest trading spread and good money management then you are able to bring good amount of result by scalping.
Davidfx89
May 18 at 08:48
165 posts
yes this is right , but scalping most of the time contains huge amount of risk.
Zootaxy
May 20 at 06:01
20 posts
The demo account is intended for people who are new to forex trading. On a demo account, they can become familiar with the trading platform and the nature of the currency market. You may put your abilities, skills, and strategies to the test. Make the most of your practice time.
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