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.
Oct 12 2020 at 08:15
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!
Oct 12 2020 at 13:00
Can’t say it’s enough, but it sure is a prerequisite to get a feel of the trading conditions.
Oct 21 2020 at 11:06
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!
Oct 21 2020 at 17:48
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.
Oct 22 2020 at 11:43
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.
Oct 22 2020 at 20:46
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.
Oct 23 2020 at 11:24
Demo trading is one of the essential steps before live trading, but not the only one.
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
