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Demo trading

momo3HC
Jun 07 2019 at 08:27
168 posts
BringmeFish posted:
Easier said than done. Easy to trust a strategy when on demo but doubts come in mind when trading live because real money is on the line


That`s a big problem yes. And that`s why every trader must consider demo and real are the same and to trade them in the same way. It`s one of the first things which must be learned.

jamesgwyther
Jun 07 2019 at 10:50
289 posts
momo3HC posted:
BringmeFish posted:
Easier said than done. Easy to trust a strategy when on demo but doubts come in mind when trading live because real money is on the line


That`s a big problem yes. And that`s why every trader must consider demo and real are the same and to trade them in the same way. It`s one of the first things which must be learned.


I totally agree.

Treeny
Jun 07 2019 at 16:31
135 posts
This is why it's important to learn about the mental side of trading as well. Can't win without the right mindset

Generous
Jun 09 2019 at 10:45
18 posts
I think that learning to trade should be done on a mini forex account. Obviously you should have tested and refined a strategy on a demo account for at least two months. Demo is there for testing and to familiarise yourself with your strategy. However, transitioning to a live account afterwards is extremely important (I don't think it's wise to trade on demo for a long period of time). There are a multitude of factors that are just not experienced on a demo account.

With experience and time, you will start testing ideas and strategies on small live accounts.

momo3HC
Jun 15 2019 at 12:54
168 posts
Treeny posted:
This is why it's important to learn about the mental side of trading as well. Can't win without the right mindset


Exactly.

ForexFarmer1
Jun 20 2019 at 10:38
10 posts
Generous posted:
I think that learning to trade should be done on a mini forex account. Obviously you should have tested and refined a strategy on a demo account for at least two months. Demo is there for testing and to familiarise yourself with your strategy. However, transitioning to a live account afterwards is extremely important (I don't think it's wise to trade on demo for a long period of time). There are a multitude of factors that are just not experienced on a demo account.

With experience and time, you will start testing ideas and strategies on small live accounts.


Exactly a combination of demo and mini is the best solution by far. This is easiest transition possible

togr (togr)
Jun 20 2019 at 10:54
4862 posts
Demo is very useful.
When you test your strategy you should always use demo for months.
When results are corresponding to your expectations you can swith to live account.
If the results are bad you can change the strategy.

momo3HC
Jun 22 2019 at 07:24
168 posts
togr posted:
Demo is very useful.
When you test your strategy you should always use demo for months.
When results are corresponding to your expectations you can swith to live account.
If the results are bad you can change the strategy.


That must be everybody's game for sure. 😉

TheDolphins
Jun 27 2019 at 12:00
9 posts
momo3HC posted:
togr posted:
Demo is very useful.
When you test your strategy you should always use demo for months.
When results are corresponding to your expectations you can swith to live account.
If the results are bad you can change the strategy.


That must be everybody's game for sure. 😉


Most peoples game is to randomly buy / sell on max lot size until their trading account is wiped out!

45656
Jun 30 2019 at 07:06
65 posts
In the genuine course of action every forex trader will require some fundamental knowledge of trading which in turn boost confidence within a trader. Again, demo trading can actually help a beginner to recognize how he can manage his strategy and administer his funds here. And yes, demo can help anyone to build up his trading psychology by offering practice session before real investment.

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