Importance of demo trading

Oct 17, 2017 at 06:32
5,610 Views
128 Replies
Member Since Aug 07, 2020   75 posts
Oct 05, 2020 at 05:42
On demo - accounts, sometimes very good contests are offered, which are quite interesting and then have a good influence on further trading, because some experience is gained.
Member Since Sep 08, 2020   32 posts
Oct 06, 2020 at 07:36
Forex trading takes a lot of discipline. If you ever want to be successful as a forex trader, then starting out as a demo trader is the best education you can give yourself. Once you feel confident of your skills and strategies, you can move on to live trading.
Member Since Sep 07, 2020   63 posts
Oct 06, 2020 at 08:00
Demo trading is always an importance when it comes to newbie because it helps you to strategize and improve your strategy that you have implemented in your trading.
Member Since Jul 20, 2020   232 posts
Oct 06, 2020 at 18:23
Demo trading is very useful for new traders. It is the best option to practice and learn forex trading.
Member Since Jul 20, 2020   298 posts
Oct 07, 2020 at 02:24
Demo trading is a must to gain trading experience. Basic knowledge cannot be acquired without demo trading. When I join new trading, I can develop skills by doing demo trading for a long time. Every new trader should have at least 6 months of demo practice.
Member Since Sep 18, 2020   31 posts
Oct 07, 2020 at 06:40
Demo is the best wat to step into the forex trading world. Beginners should spend atleast 5-6 months practicing on it before switching to a real account.
Member Since Jul 15, 2020   36 posts
Oct 14, 2020 at 10:35
True! Demo accounts work great for familiarizing a new trader with the market. Even I started trading through paper currency on the demo accounts of IG and Fxview. And I still use them for testing out new strategies before applying them on my live Fxview account.
Member Since Jun 24, 2020   34 posts
Oct 15, 2020 at 07:03
Yup demo is the best way to begin forex trading for a beginner. It makes you familiar as to how the trading platform works and you can even back test strategies on it.
Member Since Jul 15, 2020   36 posts
Oct 26, 2020 at 05:32
rosellemunsays posted:
I am using MT4/Mt5 demos with IFC markets. I doubt if I will ever get to evaluate fxview. They have some issues with their account creation process.

Shouldn't be a problem with a demo account atleast. Btw, what’s the issue?
Member Since Jul 15, 2020   36 posts
Oct 26, 2020 at 09:45
rosellemunsays posted:

Not the demo, but the live one. I tried twice to create my account but rejected both times. Filled in the info correctly as well.

Might i know if you are trying from US? If yes, please note, fxview doesn’t accept US residents.
Member Since Apr 25, 2020   119 posts
Oct 26, 2020 at 10:09
You most likely should contact support to solve this problem, because when I went through the registration of the Amarkets broker, I never had any problems.
Member Since Aug 14, 2020   40 posts
Oct 27, 2020 at 07:41
One gets a fair idea of how it is gonna feel like in real trading to some extent.
Member Since Aug 24, 2020   13 posts
Oct 27, 2020 at 12:46
Ok, we must and all ways DEMO and test our trading plans, only go live when you constantly winnings for at 120 days.. t
Be more financially free then yesterday.
Member Since Oct 28, 2020   5 posts
Oct 28, 2020 at 09:24
It seems to me that without a demo account it was quite difficult to immediately navigate a real account and study trading.
Member Since Mar 16, 2020   54 posts
Oct 28, 2020 at 11:31
demo accounts are the exact replicas of live accounts, and present real market conditions and one can practice as long as he/she wants.
Member Since Oct 08, 2020   25 posts
Nov 19, 2020 at 05:43
Consider contacting the customer support. They will be able to help you better.
Member Since Nov 19, 2020   104 posts
Nov 19, 2020 at 06:40
Amber_0302 posted:
demo accounts are the exact replicas of live accounts, and present real market conditions and one can practice as long as he/she wants.
Yes, good for practice.
But since funds aren't involved, effect of emotions is least in demo. The trading experience is too different from live.
Member Since Jul 19, 2020   318 posts
Nov 20, 2020 at 18:31
A demo account is the best way to learn forex trading properly and perfectly.
Member Since Aug 09, 2017   785 posts
Nov 24, 2020 at 07:19
yes demo is good but honestly speaking most
of us especially the beginners dont believe the importance of this tradig place at all.
Member Since Jul 20, 2020   341 posts
Dec 06, 2020 at 10:16
A demo account is the best way to learn forex trading properly and perfectly. Almost all the traders practice first a demo account before strat trading in a live account.
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