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DEMO ACCOUNT vs LIVE ACCOUNT

jotekfinance
Sep 29 2014 at 21:07
138 posts
Kricka has a few good points there.

forexwiz
Sep 30 2014 at 06:41
16 posts
Slippage and transaction costs will become apparent on live trading, especially when scalping 1-3 pips. These can eat up on the performance results compared to a demo performance. Just anticipate this when going live.

There is nothing lost or wasted in this life
Umar Siddique (umar707)
Sep 30 2014 at 20:45
9 posts
I am using EXNESS as my broker and it is fine on real account as well. Same results as on demo!

Practice makes a man perfect.
mariav
Oct 03 2014 at 11:27
115 posts
everything in a world has an compromise 😉
you can try a mini accounts, you will trade on a live account which gives the feeling of a real trade but small amount of it doesn't give you a chance to loose much. 😎
i think is is the best way for newbies to learn

Chistopher Robin (ChrisMuzhik)
Oct 14 2014 at 06:59
65 posts
Think that only live account will have you info about 'real true side' of broker. Start with small depo and test broker's execution

There can't be enough money
Francisco Gouveia (fxgouveia)
Oct 14 2014 at 13:54
4 posts
I am very much concerned about trading as such. Of course, due to risk exposure we need some time to try and experiment the market. Therefore, I am 100% sure that though there's no adrenaline on trading with DEMO, yet, it's extremely useful to start and spend quite some time on a DEMO account.

Make money for life and make forex part of my life
Rihan
RSTrading
Oct 16 2014 at 19:02
385 posts
Maybe someone has mentioned this before in the thread - I am too lazy to go back and check.
I have a real and demo. Let's take U/J for example. On the demo it has a spread figure of +/-1.8 on my live account 24.
Needless to say then, It will perform wonders on demo, but will it give me even half of that performance on real?


kricka
Oct 16 2014 at 22:48
92 posts
The demo account is a great tool to learn the inns and outs in a trading platform, there lies the true value of a demo account and testing different strategies before going live is another one. 'fxgouveia' there is some adrenaline build up even in a demo account but of course compared to a live account its minimal. How about lets say 10% adrenaline build up compared to a live account, sound like a good round number :).

" Lock in the profit and minimize the draw down "
Jonny (jonnyrich007)
Oct 16 2014 at 23:37
72 posts
Psychology is a huge effect. Real money is real money. Trading real money; you see whether you can hack trading or not. Demo always give you a false sense of urgency.

Never ever ever give up!!!
jotekfinance
Oct 20 2014 at 06:52
138 posts
Again I agree with kricka and Jonny.

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