Dec 08 2016 at 13:56
I want to agree with most of what has been said above.
Demo trading is important and useful for beginners and is very close to the real, except that you are demo trading does not run the risk.
Demo trading is important and useful for beginners and is very close to the real, except that you are demo trading does not run the risk.
my advise is you can using real mini account and small lotsn ex 0.01, because our psychologist will be different in demo and real.. the important in trade is our psychologist conditions. check my portfolio that real mini account.
keep calm and discipline
bonobali posted:
my advise is you can using real mini account and small lotsn ex 0.01, because our psychologist will be different in demo and real.. the important in trade is our psychologist conditions. check my portfolio that real mini account.
I think no matter what is your portfolio, psychology aspect is important 😄
Trade with determination!
Dec 12 2016 at 15:18
as for me, the only difference in them is the fact that in one, you risk losing everything, but not in others
YaelGoldwasser posted:
as for me, the only difference in them is the fact that in one, you risk losing everything, but not in others
But what about the way you feel when trading live or using demo? I mean the psychology stuff.
CarlosMZ posted:YaelGoldwasser posted:
as for me, the only difference in them is the fact that in one, you risk losing everything, but not in others
But what about the way you feel when trading live or using demo? I mean the psychology stuff.
Good question Carlos. I think psychology should not be ignored for sure.
mlawson71 posted:Madjarrah posted:mlawson71 posted:
In my experience sometimes the demo account expires automatically after a set period of time regardless of how actively one trades, so you have to call the broker and to ask them to turn off that setting.
I think that here we traders must understand brokers. By many brokers nothing prevents from constant creating of host of accounts and I think many of us just leave them without using. As the result, as far as I see it, demo servers are overfilled with unnecessary garbage
I am aware of that, I wasn't criticising brokers for doing it. I just wanted to say what I do to make sure my demo account doesn't get closed.
BTW, I think it would be much cleverer of brokers and much more convenient for traders if a broker sets some automatic counter that would count not from creation date, but from last open/close trade date. That would ease our lives greatly
Madjarrah posted:
BTW, I think it would be much cleverer of brokers and much more convenient for traders if a broker sets some automatic counter that would count not from creation date, but from last open/close trade date. That would ease our lives greatly
I cannot agree more on this! It seems the fairest option as you will be able to use the demo as long as you actually need it, without necessity of constant account reopening. Very good point! 😄
Dec 15 2016 at 07:21
Madjarrah posted:
BTW, I think it would be much cleverer of brokers and much more convenient for traders if a broker sets some automatic counter that would count not from creation date, but from last open/close trade date. That would ease our lives greatly
I wonder why many of them don't do that, great idea!
Dec 15 2016 at 09:17
Lesterkobi posted:Madjarrah posted:
BTW, I think it would be much cleverer of brokers and much more convenient for traders if a broker sets some automatic counter that would count not from creation date, but from last open/close trade date. That would ease our lives greatly
I wonder why many of them don't do that, great idea!
@Lesterkobi
Simply because it means some work and maintenance for them.
Imagine you got new car for free before you buy it. Would you request it for unlimited time :)?
