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Is demo trading enough before real account?

Mohammadi
Oct 08 2020 at 06:03
886 posts
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.   

Mikehussey
Oct 12 2020 at 08:15
58 posts
Demo accounts are pretty useful for traders and they kind of set the foundation of trading. They are absolutely critical for back testing and then restrategising. An absolute must for figuring out Forex in the beginning!

Russel Gutierrez (russellgutierrez)
Oct 12 2020 at 13:00
56 posts
Can’t say it’s enough, but it sure is a prerequisite to get a feel of the trading conditions.

Gleywilleyy
Oct 21 2020 at 11:06
47 posts
It’s not enough but it’s definitely necessary. Demo account is the only way for a new trader to get a feel of the broker before live trading. I personally have used Fxview but you can choose any broker you prefer like Oanda, Alpari or London Capital Group. Just make sure that it is regulated, stay away from scams!

DoraWalletInvest
Oct 21 2020 at 17:48
123 posts
Demo trading is definitely necessary. They might not be enough as they cannot simulate the emotions you might feel when there is real money at stake but I think you can adjust your mindset to treat demo money like real money as much as possible. Regardless, it is useful for testing your strategies before you risk your capital.

Amber_0302
Oct 22 2020 at 11:43
54 posts
demo account is a replica of a live platform. it is very useful for building up a strategy as one can play around and learn more about the live trading.

EbonyJones
Oct 22 2020 at 20:46
232 posts
I think only demo can not help you to make prepare yourself for real trading. You have to research and follow many more things to become experience in trading.

Juan_Garcia
Oct 23 2020 at 11:24
33 posts
Demo trading is one of the essential steps before live trading, but not the only one.

Kazile
Oct 26 2020 at 10:13
119 posts
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.

Betty_60
Oct 28 2020 at 09:05
41 posts
Kazile posted:
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.

True, only demo is never enough.

Hillartrading
Oct 29 2020 at 09:48
32 posts
Other than demo trading, you can also do a free babypips course to enhance your knowledge about trading and refer some youtube channels as well.

first_time
Oct 29 2020 at 11:15
73 posts
Kazile posted:
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.

Absolutely. I strongly believe in having a solid trading plan.

Shelby10
Oct 30 2020 at 09:15
140 posts
A demo account is the best way to learn all the tools and techniques of forex trading..

Cordawield
Nov 03 2020 at 14:25
65 posts
After some practice on a demo account, it becomes much easier to trade on a live account

Dorigda
Nov 04 2020 at 12:54
83 posts
Do not underestimate the demo account, with the help of it you can really prepare mentally and practically, and this is important.

ComebackKing
Nov 04 2020 at 15:03
37 posts
If you can't post a consistent profit on demo there is no way you will do it live. Just because you post a consistent profit on demo doesn't mean you can do it live. Demo is where to start, but transition from demo to live is just as hard if not harder than posting consistent profits on demo. Live trading changes a lot of things.

Corlein Dr (Corlein07)
Nov 04 2020 at 19:22
3 posts
IMO demo trading sometimes can make a bad joke, so should be careful with trading real money after 10-100k of demo money)

Imamul
Nov 05 2020 at 08:35
682 posts
sometimes really a bad joke but its a master place for beginners as first stage of trading.

Bela_fx
Nov 05 2020 at 11:27
34 posts
wirymace
Nov 05 2020 at 11:39
9 posts
Demo is necessary but not sufficient before going live. You need to educate yourself as well before going live. Risk management in particular is important when using real cash

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