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Purpose of demo trading

LioDaCap
May 03 2021 at 10:10
11 posts
according to my trading experience i think 5-6  is really appropriate time for practicing in a demo account but as a beginner, its really difficult to keep patience , for that reason they lost interest after passing sometimes.
Davidfx89
May 03 2021 at 10:23
161 posts
i love demo trading really , because i know this trading place make me more strong by knowledge and experience . but sometimes i feel boring when trading
Akasuki
May 03 2021 at 11:50
558 posts
Purpose of demo is to practice. But not just random practice. With specific strategy and plans, one should practice on demo. Otherwise demo trading doesn't give any benefits.
UweMoench
May 03 2021 at 14:04
751 posts
@Akasuki Yes You are absolutely right. Unfortunately most people use demo without any plan and strategy. Out of merely assumption they open trade. They do not have any clue why they are opening a trade.
Elena Triston (ele020)
May 06 2021 at 10:34
219 posts
Akasuki posted:
Purpose of demo is to practice. But not just random practice. With specific strategy and plans, one should practice on demo. Otherwise demo trading doesn't give any benefits.
Yes, even practice requires correct direction. If you are practicing on the demo account without any strategy its of no use.
The more your practice, the more you learn.
Davidfx89
May 06 2021 at 11:24
161 posts
i use demo account for all time besides live trading , this approach always supports me to make sure live knowledge and experience.
beckybuchanan
Jun 11 2021 at 07:07
8 posts
I use demo accounts to test my strategies and practice my trades before making them on the real account.
Mohammadi
Jun 11 2021 at 10:46
886 posts
you can trade in a demo account ,
 its good but sometimes its more important to trade in a micro account to ensure live trading knowledge and experience.
lovefortrading (perryjohn765)
Jun 11 2021 at 13:33
238 posts
the purpose of demo account is very clear, it helps you plan and try your strategies
BarronLucas
Jun 11 2021 at 14:17
31 posts
The primary purpose of demo trading is to learn about live forex market trades and trade without involving any risk or real capital and familiarize yourself with the trading platforms.
Tradelist45
Jun 13 2021 at 07:39
258 posts
according to my trading experience demo is important , there is no way to ignore but the result we get from demo not works in a real account for that reason we never believe the importance of this trading place.
Suradi (FXOday)
Jun 14 2021 at 23:34
355 posts
Using the demo account will depending with each trader purposes, for beginner, they use demo account because they want to learn how to trade, implemented all trading strategy that learned, but for the experienced trader, they use a demo account for testing purposes with new trading system or forex trading robot, if already passed demo account with the confident trader can start using micro account, first time use the micro account I am uses FXOpen
gradking
Jun 15 2021 at 11:14
15 posts
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
Elena Triston (ele020)
Jun 16 2021 at 04:10
219 posts
gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The more your practice, the more you learn.
OrlandoGT
Jun 17 2021 at 06:55
10 posts
I think demo trading is not only helpful for beginners but it also helps to experience traders in practising on trades without any risk.
thespreader
Jun 17 2021 at 09:02
13 posts
Purpose of demo trading is to prepare the beginner how forex works, how prices moves and how it looks on the terminal. There is no real loss but can teach you many important aspects for forex trading.
Xazvier
Jun 17 2021 at 14:06
35 posts
I agree with orlandoGT instead of focusing on consistent profit. The best would be to focus on consistent trades because earning profits should not be the focus now for beginners; it should be on trading and learning much as possible.
Xazvier
Jun 17 2021 at 14:07
35 posts
The main purpose of demo trading is to learn about live forex trades and trade risk-free without investing capital.
Mohammadi
Jun 18 2021 at 08:22
886 posts
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
zvr564
Jun 18 2021 at 08:42
20 posts
Mohammadi posted:
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Agreed buddy! Along with this, only live trading teaches us how to control our emotions while trading.
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