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Is demo trading enough before real account?
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EbonyJones

Member Since Jul 20, 2020  73 posts EbonyJones Aug 25 at 07:42
I think yes. Because the demo account is the most effective way to learn forex perfectly. Every trader should use demo account at first to learn forex before using real account.

Mauk

Member Since Aug 26, 2020  8 posts Mauk Aug 26 at 10:06
In addition to practicing on a demo account, you must have certain knowledge and skills.

GeorgeBischof

Member Since Jul 19, 2020  85 posts GeorgeBischof Aug 27 at 13:28
Yes, Demo trading is enogh to learn forex properly. Almost all traders learn forex from a demo account.

Stonesong

Member Since May 13, 2020  65 posts Stonesong Aug 27 at 14:18
When you are ready to trade on a demo account, you must have a specific strategy and plan

NihadMunif

Member Since Dec 10, 2019  10 posts NihadMunif Aug 30 at 19:21
A demo account is certainly a great thing to practice and gain a good trading experience. Still, there is a disadvantage that will not allow you to break into the market immediately. This minus is that on a demo account, you don't feel any emotions, because you are not trading with real money. It is very important to be able to contain your emotions and control yourself. A lot of traders have lost their investments because of greed. So you need to open a small account in which you will trade small sums and slowly train your aging and self-control.

Gracewilson1995

Member Since Jan 11, 2019  27 posts Gracewilson1995 Aug 31 at 08:48
Demo accounts are the replica of live account and are used for the purpose of learning the platform and testing the strategies, EAs. However, the forex market is unpredictable. It is not 100% that if you are making profits on demo account, you are gonna make the same profits on live account. In live account, you will be using your own money so one has to be more cautious while placing the trades.


KenAdams

Member Since Aug 14, 2020  18 posts KenAdams Aug 31 at 09:09
Demo trading is must before live trading.

Kazile

Member Since Apr 25, 2020  61 posts Kazile Sep 16 at 10:56
In any case, you need to familiarize yourself with the platform of the broker you want to trade with, and the demo account really helps a lot with this.

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