Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Importance of demo trading
Previous 1 2 3 4 Next
BonkersBit

Member Since Nov 30, 2017  10 posts BonkersBit Nov 30 2017 at 15:34
yeah make sure they are properly regulated. Not somewhere in the Caribbean!

FlavioGonzalez

Member Since Nov 04, 2017  13 posts FlavioGonzalez Dec 17 2017 at 08:27

I recommend using the demo for 3 months at least, and then start a little bit with reality, since it is our money that we speak of, you must be sure. This issue is complex and you always have to go for the safe side

mlawson71

Member Since Dec 11, 2015  1387 posts mlawson71 Dec 26 2017 at 16:09
FlavioGonzalez posted:

I recommend using the demo for 3 months at least, and then start a little bit with reality, since it is our money that we speak of, you must be sure. This issue is complex and you always have to go for the safe side


I would even say that three months is too short a period to learn to trade relatively well on a demo account. I would recommend a longer period.

raphaelcol

Member Since Dec 12, 2017  10 posts raphaelcol Jan 09 at 08:06
Instead of boring I would say that it is quite entertaining, it is difficult to fall into a mnotonia within the stock market, because it encompasses all the problems worldwide. How to get bored with this? It is a matter of locating the best for you and adapt to it with ease

johnnathan

Member Since Sep 12, 2017  9 posts johnnathan Jan 09 at 14:46
Hi all!
A Demo Account Plays a vital role when comes to the point you need to select a broker and you feel like testing all the conditions they provide, also if someone is a newbie he can practice on the demo account and then after attaining experience he can jump to the live account.

perryjohn765

Member Since Sep 12, 2017  4 posts perryjohn765 Jan 14 at 07:29
Demo account is must this is what I consider. Before you trade on the live account you can practice the strategies and the executions on the demo account. If something does not go right in the demo it is not a matter of worry as it will not cost you anything. In the live account, one will be afraid to apply his strategies and try something new that with the demo account it can be done without any real money included.

Holder

Member Since Jan 16, 2018  5 posts Holder Jan 16 at 15:49
Very well said. I would also like to add that when moving to a live account you should start with 0.01Lot first and ease your way in

NeuroticTrades

Member Since Jan 11, 2018  6 posts NeuroticTrades Jan 17 at 06:37
Yes I have gone back to my demo after burning a small amount of money. I was on a 55/45 loss win but over time i can't sustain this if I want to have a future in trading. Back to demo to refine my skills for now. And starting with a 0.01 position is a very good IDEA.

Make Money Not Dreams
HowardLu_FX

Member Since Dec 20, 2017  4 posts HowardLu_FX Jan 19 at 08:42
instead of demo account, I know some broker also provide test account, which uses real server, so will have slippage or delay like a real account. more realistic, I think.

mlawson71

Member Since Dec 11, 2015  1387 posts mlawson71 Jan 24 at 16:11 (edited Jan 24 at 16:12 )
HowardLu_FX posted:
instead of demo account, I know some broker also provide test account, which uses real server, so will have slippage or delay like a real account. more realistic, I think.


I've never heard of test accounts. What kind of money do they use?

Previous 1 2 3 4 Next
Gross Domestic Product (YoY) (2h 1min)
The New York Post: Video surfaces of 201...(6 min ago)
EURUSD 1.23963 GBPUSD 1.39934
USDJPY 106.525 USDCAD 1.25779
FxPro

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
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.