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Demo trading
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Pikasso

Member Since Jan 31, 2017  148 posts SCR Traders (Pikasso) Dec 20 2018 at 12:47
demo account is the best place to test your strategy in ideal market environment

Trading system developer and strategy provider.
Demetriof

Member Since Dec 20, 2018  7 posts Demetriof Dec 20 2018 at 13:03
I have stayed on demo and I am thankful for it. I would have lost thousands of dollars if I went onto live account. Staying on demo is best decsion I have made in Forex

ForexScreamer

Member Since Jun 13, 2017  49 posts Pentz Consulting (ForexScreamer) Dec 21 2018 at 09:01
My advice would be to used a demo account first, but fund it similarly to what you anticipate funding a live account. Sure, it's fun to fund a demo account with $500,000 but if you're going to fund a live account with $2000, fund the demo with $2000. It'll give you a much more accurate representation of your trading.

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi Dec 22 2018 at 13:32
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

Imamul

Member Since Aug 09, 2017  400 posts Imamul Dec 23 2018 at 08:01
yes , there is no emotions when trading in demo , that's why we trade here at random . actually its all about psychology.

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi Dec 23 2018 at 09:41
The demo account is the master place for a beginner to acquire all basic fundament information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

AdrianG

Member Since Dec 26, 2018  3 posts AdrianG Dec 27 2018 at 07:30
While using the demo account, you would be doing a lot of trades and learning many things about the forex trading. You need to keep a record of all your trades as well as note down all the reasons behind them. You should also make notes on the fundamentals and technical analysis. This practice will help you understand how good your strategy is; identify your mistakes and weaknesses etc.

Regards,
Adrian Gates

IndiTrader

Member Since Dec 31, 2018  11 posts IndiTrader Dec 31 2018 at 14:46
That is a good way to keep in control of your trading on demo. A long period of backtesting is also important before you even start on a demo account. This will help you modify any strategy or see if the strategy is BS

Ansel

Member Since Jan 03, 2019  7 posts Ansel Jan 03 at 13:52
Would you need to modify the strategy for a demo account versus a live account? I have heard that slippage and spread are more important on live account

CheCheChe

Member Since Jan 07, 2019  12 posts CheCheChe Jan 07 at 13:09
I do not modify my strategy. I accept that profits will be lower on live account due to slippage so you need to be 100% sure that the strategy is highly profitable before you use it on a real account. A strategy with a 51% win rate will lose month on a real account.

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EURUSD 1.11174 GBPUSD 1.33352
USDJPY 109.351 USDCAD 1.31719

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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.