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Importance of demo trading
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Mohammadi

Member Since Aug 11, 2017  261 posts Mohammadi Oct 17 2017 at 06:32
I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Oct 17 2017 at 13:30
If you trade on a demo account exactly as you would on a live account it probably wouldn't be a dull experience.

BaldoN

Member Since Feb 12, 2016  492 posts Baldo (BaldoN) Oct 17 2017 at 13:32
I would say demo is good to test strategy, but not to overstay on demo trading for a long period - just to avoid acquiring bad habits :)

Admoni

Member Since Aug 09, 2017  95 posts Admoni Oct 18 2017 at 06:49
Honestly speaking I have passed a long time in Forex but still using demo account, even though so many traders always ignore this trading place. I always use high leverage and all my trading strategies in here to see the performance how it works. This approach always helps me to avoid risk when trading in live.

TiffanyK

Member Since Feb 12, 2016  375 posts Tiffany (TiffanyK) Oct 19 2017 at 12:20
Demo is very good to become familiar with the platform , trading facilities and instruments. For example (not the same thing of course) - when you want to learn to play poker, but you know nothing, you don't immediately go for playing with lots of money - you go and play with virtual money.
Same is here in the trading - you start with virtual money until you become secure in your skills and strategy and then you go for the real profits.

Accept the loss as experience
Admoni

Member Since Aug 09, 2017  95 posts Admoni Oct 20 2017 at 09:05
The traders who are particularly beginners don’t believe the importance of demo account at all. My trading career after passing a long time I still dependable on demo account, I use all my trading strategies first of all in demo account to see the performance how it works. It always helps me to avoid risk in live trading.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Oct 21 2017 at 12:51
TiffanyK posted:
Demo is very good to become familiar with the platform , trading facilities and instruments. For example (not the same thing of course) - when you want to learn to play poker, but you know nothing, you don't immediately go for playing with lots of money - you go and play with virtual money.
Same is here in the trading - you start with virtual money until you become secure in your skills and strategy and then you go for the real profits.


I'd add it's also good for testing new strategies. Testing every random idea one gets in the shower on a live account is probably not a good idea. lol

NicoF1

Member Since Oct 23, 2017  10 posts NicoF1 Oct 23 2017 at 14:57
I like using demo for new ideas too. Even if a system looks good on back test, it is better to forward test on a demo as well

astulo

Member Since Oct 24, 2017  2 posts Andile (astulo) Oct 25 2017 at 06:20
Hi, just another newbie in trading, not very long time I involved myself with the platform but I fully agree with those who think we should never allow us to jump over the basics from demos and move right away to real trading for me I thinks there's lot of risks involved with my little knowledge for now, I will stick with the demos but again not for a very long time though, just like Baldo suggest.

astulo@
mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Oct 25 2017 at 14:06
Even experienced traders sometimes (or even often) return to demo to test various strategies. The demo account is a tool that is useful to all traders at any given time.

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