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Is demo trading enough before real account?
Member Since May 30, 2018
9 posts
Jun 21, 2018 at 11:10
Dandelion posted:
I think demo trading is enough ONLY if you then open a real account using micro lots. Start small on the real account and work your way up. If you start trading with 1 Lot you will get freaked out
I agree. Even when you switch from demo to live trading you should start with small investment and eventually increase it depending on how you are performing. If you initially invest a huge amount there's a good chance of losing it since you'll be fresh out of the demo trading experience. As we all know live trading is totally different.
Member Since Apr 13, 2016
15 posts
Jun 26, 2018 at 12:29
Demo trading is enough only in algorithmic trading where you can test any Expert Advisor for some period of time. In manual trading the emotions mess everything up. Even you achieve 100% in a month on a Demo with unreasonable money management, the chances to lose 100% are there on live account. First you will not take huge risks as on the Demo, and second the greed to take the profits quickly will make you lose. Sometime ago I took one course from EA Forex Academy, where the mentor teaches 3 different methods to test on a Demo account before trading on live. I looked for the course, and here it is: https://eaforexacademy.com/courses/forex-strategy-course-portfolio-trading/
Member Since May 30, 2018
20 posts
Jul 02, 2018 at 10:27
This is something that you should be able to answer for yourself based on how you judge your performance in demo account. If you think you have been earning consistently well and that you have learned everything you need to in order to start live trading then you can switch to live trading. However start by trading in micro account first.
Member Since May 30, 2018
11 posts
Jul 17, 2018 at 11:34
KnightsofKornor posted:Rightly said. It is very important to factor in the effect of real emotions on our trading styles and results. Demo trading is a beneficial tool for testing strategies for both newbies and veterans but only if you trade like you are trading live. Not easy, but certainly very much essential. Otherwise it won't be of much use.lucie_fxtrader posted:
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Go to real account to know the real emotion.
Jul 19, 2018 at 10:56
Beginners should trade demo account minimum for 3 months for acquiring real trading experience which is very supportive to continue a live trading in a proper way. but they don’t believe the importance of this trading place at all. so it would be better if they start minim live account instead of demo trading.
Aug 22, 2018 at 06:38
Before starting to test and develop strategies make sure to find a broker where the demo account has the same trading conditions as live. Meaning the charts and price movements are the same.
Also, when you open the demo - ask the broker to set the leverage and starting account balance (equity) to be the same as the one you will be using on live.
Also, when you open the demo - ask the broker to set the leverage and starting account balance (equity) to be the same as the one you will be using on live.
Trade with determination!
Member Since Aug 06, 2018
8 posts
Aug 23, 2018 at 06:48
It will depend on how long and how efficiently you traded on demo account. If you took it seriously as if it were live trading, observing and learning the minutest of details then it will be enough. My advice to you would be to not rush to live account. Take your time.
Member Since Feb 22, 2011
4573 posts
Aug 23, 2018 at 10:56
What else than demo trading you can do prior real trading, enlighten us?
Aug 24, 2018 at 07:07
Demo trading is a good choice for your experimental strategies or developing and observing your own patterns. However, it would have a hard time trading with real account because the numbers inside mean your money. Then emotions come to your mind and make you hesitate.
Overall, it's good to use demo account to practice.
Overall, it's good to use demo account to practice.
Discipline rules, not emotions.
Member Since Aug 29, 2018
6 posts
Aug 29, 2018 at 08:56
KurtSung posted:True. You tend to react differently on live accounts,, especially inn the beginning. Of course that does not discount the importance of demo accounts. They have proven to be quite beneficial for my trading, as with everyone.
Demo trading is a good choice for your experimental strategies or developing and observing your own patterns. However, it would have a hard time trading with real account because the numbers inside mean your money. Then emotions come to your mind and make you hesitate.
Overall, it's good to use demo account to practice.
Jul 19, 2019 at 09:38
Demo Trading is an invaluable tool for both newbies and experienced traders as it is good to test strategies or methods. If you feel that demo trading is not enough so may be you can try to read some books and seek some adviser's help who will train and teach you about the market trends and movement.
Member Since Oct 22, 2019
6 posts
Oct 23, 2019 at 13:03
Im pretty sure yes, But remember about stop loss and margin level.
Those parts are important. Most of traders doesn't realise it.
Those parts are important. Most of traders doesn't realise it.
Never stop learning from strangers.
Oct 23, 2019 at 15:24
lucie_fxtrader posted:I think it's enough because most traders started with the demo version
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Apr 18, 2020 at 19:29
IT's enough to understand which buttons to push in reality, so please be sure to understand what is what for sure before start doing it all on real live money of yours, that's damn for sure, how else you would be able to do that with ease ?
