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Importance of demo trading

Oct 17, 2017 at 06:32
5,284 Views
128 Replies
Member Since Jun 22, 2020   77 posts
Dec 18, 2020 at 11:54
As I said, Demo trading has been very important to me because it allows us to strategize and implement the plan or strategy before actually putting them in live account, also you can always tweak and implement to make system respond to profit or losses better
Member Since Oct 19, 2019   38 posts
Dec 19, 2020 at 09:30
Demo trading gives you a good insight into how this market works. Best way to practice and get familiarized with the market, without risking any money.
Member Since Aug 09, 2017   785 posts
Dec 21, 2020 at 07:54
instead of demo i right now i am busy with micro account which really supportive to ensure real trading experience.
Member Since Dec 15, 2020   13 posts
Dec 21, 2020 at 09:35
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.
Member Since Apr 15, 2020   219 posts
Dec 22, 2020 at 07:28
Demo trading can be used for learning new things even after trading on live account or after making profit. Trading on a demo account makes you familiar with the platform and helps in testing new strategies without risking the real money.
The more your practice, the more you learn.
Member Since Oct 20, 2020   49 posts
Dec 23, 2020 at 15:11
I would recommend demo trading for beginners because, in demo trading, a trader can test all the strategies.

But would also suggest not overstaying on it for a longer period because the live trading experience is when you will know if the strategy created will turn into profits.
Member Since Jul 20, 2020   341 posts
Dec 23, 2020 at 19:41
Brel posted:
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.
Yes. I completely agree with you. A demo account is the best way to learn and practice forex trading.
Member Since Jul 20, 2020   298 posts
Dec 24, 2020 at 01:32
Demo trading is the first level of education. It is possible to gain a lot of knowledge by doing demo trading. As a trader, I first learned by doing demo trading.
Member Since Jul 19, 2020   788 posts
Dec 25, 2020 at 02:27
If you do demo trading, it is possible to gain profit in live trading by creating a strategy. Demo trading is the first part of education. The role of demo trading is a lot to gain knowledge.
Member Since Apr 15, 2020   83 posts
Dec 30, 2020 at 13:18
Successful traders always take advantage of the opportunities that are presented in this plan before real trading, because these are opportunities to ascertain their abilities.
Member Since Dec 21, 2020   17 posts
Jan 02, 2021 at 05:27
Indeed demo is the best way to start one's journey as a forex trader. Some people don't believe too much in it, but believe me when i say no one should risk their real funds before practicing for sometime on demo account.
Member Since Jan 11, 2019   147 posts
Jan 02, 2021 at 08:42
According to me, the experience of trading on demo and live account is totally different.
Member Since Sep 26, 2013   16 posts
Jan 02, 2021 at 11:06 (edited Jan 02, 2021 at 11:07)

the only difference between the demo and the real is at the psychological level of the trader. virtual money that you can lose without limit and real money that you cannot afford to lose.
USD
Member Since Jul 19, 2020   788 posts
Jan 04, 2021 at 01:20
Demo trading is one of the means to gain knowledge. The strategy should be developed by demo trading.
Member Since Jun 30, 2020   90 posts
Jan 04, 2021 at 21:10
Thanks to trading virtual funds, it is possible in practice to make sure of the effectiveness of the strategy and, if necessary, make appropriate changes
Member Since Aug 11, 2017   886 posts
Jan 05, 2021 at 07:28
demo most of the time not works , i means we cant focus on there , its a emotional issue all about.
Member Since Sep 12, 2017   238 posts
Jan 05, 2021 at 08:06
i belive its all about the mindset. if one wants he she can learn alot from the demo account. its all in the mind how we look at it.
Member Since Aug 07, 2020   75 posts
Jan 05, 2021 at 15:16
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.
Member Since Dec 31, 2020   16 posts
Jan 06, 2021 at 06:31 (edited Jan 06, 2021 at 06:31)
Malajind posted:
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.
Definitely its gives you an insight into the forex trading platform and you can definitely share strategies.
Member Since Nov 26, 2020   30 posts
Feb 05, 2021 at 08:28
The demo account is also a very good basis to overcome your fears.
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