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Demo trading
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Imamul

Member Since Aug 09, 2017  436 posts Imamul Jan 03 at 17:45
practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.

kolute

Member Since Dec 20, 2017  6 posts kennedy (kolute) Jan 03 at 18:11
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living

To go big you have to start small and from somewhere, don't try to hack the path , you will regret.

Never Stop learning. Ego is for losers.
kolute

Member Since Dec 20, 2017  6 posts kennedy (kolute) Jan 03 at 18:15
Roberto21 posted:
demo is the best place to become a knowledgeable trader very rapidly , but generally we don't believe the importance of this trading place at all.


Money blinds us from the process

Never Stop learning. Ego is for losers.
Jonny87

Member Since Aug 07, 2017  24 posts Jonny87 Jan 05 at 06:56
To trade in forex knowledge is very important. Without the knowledge of forex a trader can lost all his investment. A trader can gather knowledge about forex from anywhere. To get proper knowledge about forex a trader can take help of demo account. A trader can trade like live account in a demo account without any risk. I got knowledge about forex by trading with a demo account of TP Global FX. It helped me to get all kind of techniques and knowledge about forex. So, demo account can be an important source of knowledge about forex.

Mohammadi

Member Since Aug 11, 2017  664 posts Mohammadi Jan 07 at 16:08
there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.

AdamCantor

Member Since Mar 18, 2019  50 posts Adam Cantor (AdamCantor) Jan 08 at 14:41
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 ?


yes without demo how are you gona know what the live trading environment is really like? definitely helps see if your trading style /strats fit well with what the broker offers. the only thing that cant be replicated in demo as with live is issues such as slippage

AdamCantor

Member Since Mar 18, 2019  50 posts Adam Cantor (AdamCantor) Jan 08 at 14:42
kolute posted:
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living

To go big you have to start small and from somewhere, don't try to hack the path , you will regret.


very true.demo is only way to see the real spreads the broker offers and see if their leevrage options are good for you

Roberto21

Member Since May 02, 2019  185 posts Roberto21 Jan 09 at 03:25
according to me, before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually. 

Imamul

Member Since Aug 09, 2017  436 posts Imamul Jan 09 at 03:39
as a newcomer i was much profitable in demo account with my trading strategy , but when kick off a live account the same strategy didn't work as like before    

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.