Jul 11 2019 at 06:16
Demo trading is a perfect way to start trading for beginners. This is done through demo accounts. Demo trading contains dummy funds, to enable the trader learn about how to trade and the usage of the trading platforms before setting up a real account for himself. It is, therefore, risk-free trading basically.
Trying demo trading in the initial stages of your trading routine, helps you master the specific details of trading. You eventually learn how to deal with the various fluctuations in the market and test your strategizing potential.
Using demo trading, it is easier to try your hand at how you can set different stop loss and take profit, how much you should invest in a particular scheme, etc.
All in all, demo trading can be of great help for the newbies.
Trying demo trading in the initial stages of your trading routine, helps you master the specific details of trading. You eventually learn how to deal with the various fluctuations in the market and test your strategizing potential.
Using demo trading, it is easier to try your hand at how you can set different stop loss and take profit, how much you should invest in a particular scheme, etc.
All in all, demo trading can be of great help for the newbies.
• Demo account is a really nice and significant option to start with. To learn the basics and observe one can open these demo accounts for like 2 or 3 or 5 months. There are experienced traders who still open their demo accounts just to try new methods.
• They are provided by many trading platforms to test the platform’s reliability before customers actually invest their money to these investments.
• They are provided by many trading platforms to test the platform’s reliability before customers actually invest their money to these investments.
i have seen We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
sounds well when someone want to trade in a demo account , because we always ignore the importance of demo , by the way , you have to trade minimum 6 months in here to become a minimum knowledgeable trader
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.
I always recommend having a demo account. Firstly, you can recognize a broker. Secondly save your money :)
I lost about $ 1000 five years ago. I started trading immediately without a demo account. I decided that it would be more interesting to study like that.
I'm smarter now. I earned those $ 1000, but the discomfort remained. Therefore, do not neglect the demo account.
I lost about $ 1000 five years ago. I started trading immediately without a demo account. I decided that it would be more interesting to study like that.
I'm smarter now. I earned those $ 1000, but the discomfort remained. Therefore, do not neglect the demo account.
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
Agree! Demo account is very important for newbie!
Aug 14 2019 at 14:16
Dumuro posted:
I always recommend having a demo account. Firstly, you can recognize a broker. Secondly save your money :)
I lost about $ 1000 five years ago. I started trading immediately without a demo account. I decided that it would be more interesting to study like that.
I'm smarter now. I earned those $ 1000, but the discomfort remained. Therefore, do not neglect the demo account.
Yes you have a good point about demo accounts allowing you to check out what the broker is like.
Demo is cheapest way to make mistakes and learn. But demo do not really tell you what a broker is like. Demo trading has no slippage and generally results are much higher on demo than on real. Some broker have great demo but when trade real they will take all your money
Aug 16 2019 at 11:57
Demo account trading is definitely important before live trading especially if you are a newbie and if you are planning to trade manually in order to get yourself familiarise with different options available in MT4 which you can check and practise in real time with no real money loss.
But if you are planning to practise in demo for few days and jump into live account after that, then it might not be a good idea. Until and unless you have thoroughly tested and practised your specific strategy for long periods of time in demo and generated consistent profits, till then you should stay away from live account and continue with demo account only and it will save you a lot of money.
If you are successful in demo account with your strategy with an average of good pip expectancy and low drawdown % with a track record of 3 to 6 months , then in fact you don't need live account of your own and you can easily get investors or get connected with partner brokers whose money you can trade and make money without any investment of your own.
So being consistently profitable in a demo account with good and long track record can also help a lot without any investment from the trader.
But if you are planning to practise in demo for few days and jump into live account after that, then it might not be a good idea. Until and unless you have thoroughly tested and practised your specific strategy for long periods of time in demo and generated consistent profits, till then you should stay away from live account and continue with demo account only and it will save you a lot of money.
If you are successful in demo account with your strategy with an average of good pip expectancy and low drawdown % with a track record of 3 to 6 months , then in fact you don't need live account of your own and you can easily get investors or get connected with partner brokers whose money you can trade and make money without any investment of your own.
So being consistently profitable in a demo account with good and long track record can also help a lot without any investment from the trader.
