Demo trading
Feb 03, 2022 at 15:09
I have been trading on a demo account for more than three months. I think that I need to continue trading on this account because I feel that I haven’t learned everything required yet and many nuances need to be cleared and this can be done through intensive practice only. Of course, it could be done on a real account but I don’t want to sacrifice my hard-earned money.
I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.
I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.
Aug 31, 2022 at 14:41
Some traders think that a demo account is only for beginners. You trade for 2-3 weeks and that's it.
In fact, they do.
Every professional trader will tell you that.
The demo account is needed not only for learning trading.
There are cases when you want to test a new indicator or trading strategy. It's very risky to do it on a live account.
You should do it on a demo account first. It will be right and you won't lose money!
In fact, they do.
Every professional trader will tell you that.
The demo account is needed not only for learning trading.
There are cases when you want to test a new indicator or trading strategy. It's very risky to do it on a live account.
You should do it on a demo account first. It will be right and you won't lose money!
Member Since Aug 05, 2021
401 posts
Sep 22, 2022 at 16:09
tilenmlakar posted:It's very similar. One of the main differences is the psychological aspect of it, because real money isn't on the line on a demo account so your mind is more clear and it's easier to follow your plan. A lot of people get anxious or greedy once they switch to a real account and therefore they make decisions based off of those emotions.
Hi to all,
i'm a newbie here and in this industry, so apologies if this seems a stupid question😄
Read a lot that demo trading is something different than real trading, even if you use the same broker, platform, trading with the same leverage and so on.
Is it true or not?
Some traders also argue that demo accounts are manipulated by the broker, but that's more speculation in my opinion.
Member Since Oct 01, 2022
53 posts
Oct 03, 2022 at 14:27
agree but it is really difficult to focus on demo account because there is no real money on there.
forex_trader_3036016
Member Since Sep 29, 2022
15 posts
Oct 13, 2022 at 07:34
Demo trading is not perfect as there is minimum inclusion of psychology and risk management. But it’s great for backtesting trading strategies - and successful trading is not possible without a good strategy.
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