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Purpose of demo trading

Jan 27, 2021 at 12:28
3,156 Views
80 Replies
Member Since Jul 19, 2020   298 posts
Jan 27, 2021 at 12:28
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
Member Since Jul 20, 2020   298 posts
Jan 27, 2021 at 12:50
Demo helps to develop trading skills. It is very difficult to make money from trading if skills are not developed properly. So all types of analysis should be practiced by demo trading.
Member Since Jul 23, 2020   869 posts
Jan 27, 2021 at 16:31
It is a risk-free account designed to practice trading without losing any money. It is best way to start trading.
Member Since Jul 19, 2020   788 posts
Jan 31, 2021 at 12:50
Demo Trading is one of the means of developing skills. Through which it is possible to develop skills by trading.
Member Since Jul 23, 2020   759 posts
Jan 31, 2021 at 17:38
Demo account is designed for educational purpose. But demo traders lack emotion in trading which can be a problem later.
Member Since Jul 20, 2020   298 posts
Feb 02, 2021 at 02:45
Demo trading is the best field of education from which to gain real experience. As a trader, I always ask new traders to do demo trading.
Member Since Nov 19, 2020   104 posts
Feb 02, 2021 at 06:42
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Member Since Jan 22, 2021   125 posts
Feb 02, 2021 at 11:13
It is like a flight simulator for real pilots. Here demo trading simulates what exactly happens over the forex market. Forex trading is not a toy. For this reason, demo trading is provided as this will help new traders to test the platform and take hands on experience of the real market with virtual money.
Member Since Dec 11, 2020   110 posts
Feb 02, 2021 at 12:15
Yes, demo trading is very useful, not only because how you can try to strategize and improve your strategy but also try to implement the new strategy into trading so that you can always get better in future, but it is not same as live trading because there is no psychology factor putting in to it
Member Since Dec 28, 2020   187 posts
Feb 05, 2021 at 08:45
Demo trading is the best way to learn Forex, it helps to learn about the platform, how to open and close positions, place orders, observe your mistakes and then make a strong trading strategy before going to a live account.
Member Since Nov 23, 2020   15 posts
Feb 09, 2021 at 05:09
I do agree demo trading can help you to get into the business of trading and it will help you to judge a broker but you would not be able to understand the emotional aspects of trading. It is very important because your trades depend on the confidence you hold.
Member Since Sep 12, 2017   238 posts
Feb 09, 2021 at 06:39
the purpose of demo trading is to try and implement all the strategies and plans one wants to try in the real account without losing the money.
Member Since Aug 26, 2020   78 posts
Feb 09, 2021 at 14:33
Starting work with a demo account is the right decision, it will help to avoid many mistakes and I am very pleased that the Amarkets demo account and the real account are very similar and this gave me the opportunity to prepare well
Member Since Dec 15, 2020   12 posts
Feb 11, 2021 at 12:55
It is not just new traders who get benefited from demo trading but also professional traders because they can apply their strategies on the demo account before risking their money.
Member Since Apr 17, 2021   20 posts
Apr 18, 2021 at 13:10
The initial purpose of a demo account is to apply all your theoretical knowledge in practice and gain some experience.
Member Since Jul 19, 2020   788 posts
Apr 18, 2021 at 17:06
Joz8 posted:
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Yes, that's right. How to manage trade? How to maintain money management? How to do the analysis? The demo is the best platform to practice all these things.
Member Since Jul 19, 2020   751 posts
Apr 19, 2021 at 13:45
Demo is to test our strategy before trying the strategy on live account. For newbie demo is to know trade mechanism works and also for testing strategy.
Member Since Dec 28, 2020   187 posts
Apr 20, 2021 at 08:00
Demo trading is the best way to learn forex for the newbie and experienced trader use it for strategy testing, With demo trading you get aware of the platform, it helps to learn the chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Member Since Jun 26, 2020   327 posts
Apr 20, 2021 at 08:40
the purpose of demo trading always make sure to acquire good knowledge and experience , but generally we the traders dont believe the importance of this trading place at all.
Member Since Aug 11, 2017   886 posts
Apr 20, 2021 at 08:53
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.
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