It is best to develop and test your strategies on a demo account.
Feb 19 at 11:08
Aurisida posted:
It is best to develop and test your strategies on a demo account.
Yes it is absolutely worth it to test your strategy on the demo accounts.
Feb 20 at 05:13
blandpatsyy posted:Aurisida posted:
It is best to develop and test your strategies on a demo account.
Yes it is absolutely worth it to test your strategy on the demo accounts.
No maybe before your demo accounts we should also backtest out our strategy and then move forward to go on demo accounts. Demo would teach you practical trading but your strategy should be competent beforehand.
Scalping looks very tempting. But scalping is good only if you are very skilled and knowledgeable. For newbie scalping is very dangerous. It makes them vulnerable to the market as in short time frame there is very much chaos.
Feb 20 at 11:26
Breonnataylor posted:blandpatsyy posted:Aurisida posted:
It is best to develop and test your strategies on a demo account.
Yes it is absolutely worth it to test your strategy on the demo accounts.
No maybe before your demo accounts we should also backtest out our strategy and then move forward to go on demo accounts. Demo would teach you practical trading but your strategy should be competent beforehand.
I do agree but then we have to figure out our brokers as well which is not possible while backtesting. There are ample of the brokers in the market like CMC Markets, Fxview etc. and choosing one out of these many is time consuming. So demo trading also solves this problem.
Feb 22 at 13:27
I think for that we should agree to disagree because it would be like a never ending discussion! :)
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