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DEMO ACCOUNT vs LIVE ACCOUNT

LuckyCarter (LuckyCarter)
Feb 27 2015 at 07:36
13 posts
Newbee vs Experience :D

Go big or go home!
kricka
Feb 28 2015 at 00:26
92 posts
I would say, trading a demo accounts too long can in some cases have a negative influence of getting down to the primary, namely trading a live account. The live account do not need to have a large deposit, the most important aspect is that it is 'live' and real money is at stake regardless of the account size. When a strategy is proven profitable after a length of time in demo testing mode, live is the final state of getting the assurance it holds up to the expectations. Even after after some time with trading a 'live' strategy it might gives us proof that it will not be as profitable as we hoped. We do then have the knowledge, that we have to change the strategy or rewrite it entirely, or abandon it. My point is do not wait too long to test a good strategy proven to be profitable in a demo account!

" Lock in the profit and minimize the draw down "
Tim
timthetrader1
Mar 01 2015 at 14:31
2 posts
Demo is good to train yourself as a trader can become confident with your system/strategy if you take it seriously.

fxdimarion
Mar 01 2015 at 20:08
46 posts
Serious traders demo trade first... I learnt that lesson late in the game.

Forex is about the journey not the destination...
viktorazul13
Mar 02 2015 at 07:47
1 posts
I learned practicing on demo for several months, today I have the real account and demo to test new strategies.

BenNathanFX (BenNathanFX)
Mar 02 2015 at 09:56
137 posts
My advice to students is this -

Pick a strategy, Trade 100 consistent trades on demo, if its decent, then do 100 on a micro account and build up fro there...
There are plenty of broker that offer a no deposit bonus such as instafx (im not affilated with them but have used them)....
You wont make millions but you WILL get to trade LIVE markets with no outlay of your own...

Just my thinking.

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Sceadagenga
Mar 02 2015 at 09:57
83 posts
Same here as viktorazul.

I have a copy account with 2 brokers and my own trading account. I tweak strategies on demo's or contests and implement if i like the changes to my own account.

I demoed for a year until confidence and consistency were at a level I was comfortable with.

Sceadagenga


RedRhinoLab
Mar 02 2015 at 18:55
631 posts
fxdimarion posted:
Serious traders demo trade first... I learnt that lesson late in the game.
Need to ensure the systematic rules are profitable before risking real money. Time is money unless your trading FX,

adiluccio
Mar 07 2015 at 14:10
1 posts
I don't think so. In real there are many factors that are not in the demo.

bye


IztokV
Mar 07 2015 at 15:57
14 posts
adiluccio posted:
I don't think so. In real there are many factors that are not in the demo.

bye



I agree, that there's is possible different beetwen real & demo trading. But only in our head ! If not so, can you name some different
moment in account ?

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