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Is demo trading enough before real account?
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mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Jan 26 2016 at 12:06
FradeauX posted:
In reality, demo and live turn out to be noticeably different. Speed of order processing seems to be the largest difference, but it can be determinative aspect especially for short termers


That often depends on the broker. With some brokers I've noticed almost no difference, with others the difference is considerable. Unfortunately this stuff becomes noticeable only after you open a live account somewhere.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 26 2016 at 14:21
mlawson71 posted:
FradeauX posted:
In reality, demo and live turn out to be noticeably different. Speed of order processing seems to be the largest difference, but it can be determinative aspect especially for short termers


That often depends on the broker. With some brokers I've noticed almost no difference, with others the difference is considerable. Unfortunately this stuff becomes noticeable only after you open a live account somewhere.


True some Brokers are worse than others,shop around for the best you can find,I was testing out a platform weeks ago,which I would not go back too.

"They mistook leverage with genius".
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 02 2016 at 12:38
snapdragon1970 posted:
mlawson71 posted:
FradeauX posted:
In reality, demo and live turn out to be noticeably different. Speed of order processing seems to be the largest difference, but it can be determinative aspect especially for short termers


That often depends on the broker. With some brokers I've noticed almost no difference, with others the difference is considerable. Unfortunately this stuff becomes noticeable only after you open a live account somewhere.


True some Brokers are worse than others,shop around for the best you can find,I was testing out a platform weeks ago,which I would not go back too.


True, you need to test the broker extensively after you've made sure they're licensed and legitimate. I've had those experiences too - started working with a legitimate broker, checked their platform and it turned out it wasn't suited to my needs at all, so I left.

arigoldman

Member Since Oct 02, 2014  907 posts Ari Goldman (arigoldman) Feb 05 2016 at 14:21
Demo is not enough. It's even detrimental to your psychology in trading. Avoid if possible and go live as soon as possible.

Positivity
rob559

Member Since Feb 11, 2011  1916 posts rob559 Feb 05 2016 at 16:35 (edited Feb 05 2016 at 16:36 )
i you want to practice a manual strategy , wich is not scalping demo is fine

shen139

Member Since Jan 10, 2016  4 posts shen139 Feb 07 2016 at 07:43
I don't think that using a demo account is the same thing of trading with real money.
I think that one of the most important thing in trading is money management...
...and you can only learn about it using real money.
The pressure that you feel with real money is completely different from that you feel in a demo account.

This is what happens when you use a demo account:
- you play and you win a lot of (fake) money
- you put a lot of real money into a real account and then you loose everything :)

Demo accounts are useful just to learn to use a new platform.
When you feel confident with the platform I suggest you to play with real money using a very very very low percentage of your balance and slowly increasing it.

Time is what we want most, but what we use worst!
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 08 2016 at 12:05
rob559 posted:
i you want to practice a manual strategy , wich is not scalping demo is fine


Indeed. Demo trading trains your reaction time among other thing, as well as your ability to adapt to an ever-changing market.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Feb 19 2016 at 11:56
You may use demo to test different strategies, which to use afterwards on real account. Truly on demo acc you don’t feel the pressure of worries of losing real money, but also gives you priceless experience on the market. My opinion is to first try the demo and see if you are good to this job – after that you may put small amount of money on real – just to feel the difference. And after those two tests are suitable for you – only then to start this.

kricka

Member Since Jul 16, 2013  92 posts kricka Feb 19 2016 at 18:16 (edited Feb 19 2016 at 18:29 )
The demo account is perfect for testing new cBots and EA's. First test the new robot on a demo account and then after a week or two of being satisfied that the new robot is doing what it is expected to do, it's ready for live trading. That is why a demo account is such a great utility for the trader , to give us insurance that a robot works as it's been advertised to perform. The RMMRobot.com site has some very interesting free robots to download if you are intersted in being on top of, how your trading is progressing.

" Lock in the profit and minimize the draw down "
dianajs

Member Since Dec 09, 2015  823 posts dianajs Feb 21 2016 at 08:06
The demo account is good for testing anything and everything really - from EAs to strategies to any random idea that pops into one's head when they wake up in the morning.

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