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Purpose of demo trading

Tradelist45
Jun 13 at 07:39
144 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 at 23:34
141 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 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 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 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 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 at 14:06
28 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 at 14:07
28 posts
The main purpose of demo trading is to learn about live forex trades and trade risk-free without investing capital.

Mohammadi
Jun 18 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 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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