Aug 31 2021 at 07:51
Williamfreed posted:
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Demo trading is the best place to learn and practice.
Aug 31 2021 at 10:25
Demo trading is important before live trading to understand the forex market and familiarize the broker's software platforms, but demo alone cannot make you well experience.
Trading live with lower capital and taking certain risks is also important to build new skills and grow forex knowledge to make consistent profits.
Trading live with lower capital and taking certain risks is also important to build new skills and grow forex knowledge to make consistent profits.
For me, this is the only option if a trader wants to be successful in this industry.
I used a demo account first off and forums to get advice from others
Aug 31 2021 at 12:50
Demoing first is a wise decision and i still use demo to modify my strategy
Never give up
demo account is of course good, but there is still a lot to understand and learn, theory is also important
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
Nov 16 2021 at 08:34
Kalestont posted:
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
I agree, it absolutely gives something to new and experienced traders. It is key to use it when you want to tweak a strategy or learning a new one. It is not the full answer to successful trading but makes a big difference imo
Demo trading lets beginners learn the basics of forex trading and understand brokers trading platforms.
To gain live experience, demo trading is enough, but there is no end to learning in forex because there is consistent development in skill and strategy.
To gain live experience, demo trading is enough, but there is no end to learning in forex because there is consistent development in skill and strategy.
Nov 17 2021 at 11:05
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
Adribaasmet posted:
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
Nov 18 2021 at 07:23
GraceGilm posted:Adribaasmet posted:
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
I also agree with you. A demo can not help you to gather all the knowledge and skills about this market.
Nov 18 2021 at 09:52
demo is master place to acquire all basic knowledge and experience
but in generally we ignore this trading place because there is no real money and we cant focus on there.
but in generally we ignore this trading place because there is no real money and we cant focus on there.
Nov 19 2021 at 10:25
Demo trading can be an excellent way to familiarize yourself with the forex market, get a feel for your comfort zone and learn how to read charts.
I think that a demo account is a really important step for a beginner. At least when I started working with a broker , I used a demo account.
Nov 20 2021 at 10:48
in order to me i think the demo is really important for newcomers and seniors but people dont trust it. actually demos experience most of the time works to fail. thats the real reason.
If you are a newbie, nothing is enough alone to learn the art of forex trading. First, you need to gather basic knowledge about trading by enrolling yourself in any reliable online course. Further, you can create a demo account to hone your trading skills. A demo account provides you with the opportunity to back-test your strategies before applying them on live trading. Further, it boosts your confidence when you make profits. You can become a member of various trading forums to learn from other experienced traders. However, you cannot become a trader unless you enter the live trading and involve your real money.
Nov 30 2021 at 06:22
Demo account doesn’t provide a live trading experience. These are made just for the basic understanding of trading. One must also consider micro accounts after practicing with a demo account briefly. They have minimal initial deposits and hence, decrease the risk while giving a better learning experience.
I think so, couple your time on demo accounts with time studying either on BabyPips or with reputable traders on YouTube.
Also TradingView is great to be able to see people sharing different analysis on the pairs you're looking at.
Also TradingView is great to be able to see people sharing different analysis on the pairs you're looking at.
Dec 03 2021 at 06:20
An absolute NO! Demo trading is beneficial for traders to have trading skills and strategies. However, traders don’t trade demo trading like they would trade their real money. In live trading, traders need to have good risk and money management, along with control on emotions. You can consider moving to live once you have started making consistent profits on demo trading. However, make sure you start with a micro account. Live trading will be a challenging yet a meaningful experience.
