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Demo can not make you well experienced
Členem od Jul 20, 2020
278 příspěvků
Oct 27, 2020 at 09:48
A demo is the best way to make your trading efficient and smooth. You can check all your plans in the demo account.
Členem od Oct 20, 2020
45 příspěvků
Oct 27, 2020 at 10:54
I'm currently trading in an demo account since I'm a beginner, been pretty good at demo account should i start trading in live and not waste anymore time in demo ?
Since most comments have suggested demo cannot make one experienced.
Since most comments have suggested demo cannot make one experienced.
Členem od Sep 12, 2017
232 příspěvků
Oct 27, 2020 at 12:18
demo can surely make you experienced depending on how seriously you trade. if you take the real scenarios and trade as in the live account it can surely give you experience
Členem od Aug 17, 2020
121 příspěvků
Oct 28, 2020 at 09:21
Bradley88 posted:
I'm currently trading in an demo account since I'm a beginner, been pretty good at demo account should i start trading in live and not waste anymore time in demo ?
Since most comments have suggested demo cannot make one experienced.
In my opinion it is worth sticking to demo until you have been consistently profitable for at least a few months. Successful demo trading is still a good indicator of whether your trading strategies work or not. I believe you need to be able to trust your methods before you enter real trading where your psychology is more affected. But if you feel ready to move on, I think you should start with a cent account.
Členem od Aug 17, 2020
121 příspěvků
Oct 28, 2020 at 09:26
ElliotCooke posted:
A demo is the best way to make your trading efficient and smooth. You can check all your plans in the demo account.
I totally agree!
Členem od Dec 15, 2019
20 příspěvků
Oct 30, 2020 at 10:38
A demo account will not make you a good forex trader if you consider it to be a demo account. There are alot of traders that consider the demo to just be a demo account and trade with risk in the demo account while thinking that he will do the same in the live account. They mostly end up as failures. You have to be keen on everything and especially the demo account.
KhoiDam
Členem od Dec 13, 2019
21 příspěvků
Oct 30, 2020 at 10:39
I don't agree with this because a demo account is what made me the trader that I am today, It was all about learning and practicing in my demo account. I got better and better until today that I am a good forex trader.
Členem od Aug 17, 2020
121 příspěvků
Nov 02, 2020 at 07:07
KhoiDam posted:
A demo account will not make you a good forex trader if you consider it to be a demo account. There are alot of traders that consider the demo to just be a demo account and trade with risk in the demo account while thinking that he will do the same in the live account. They mostly end up as failures. You have to be keen on everything and especially the demo account.
Totally true, if demo trading is best when it is done with the right mindset.
Členem od Nov 02, 2020
52 příspěvků
Nov 02, 2020 at 12:22
A demo account can bring certain results if you understand why you need it and how to use it for your own purposes.
Členem od Sep 18, 2020
30 příspěvků
Nov 05, 2020 at 06:55
Well demo is undoubtedly the best way to start forex trading, but after you've practiced enough on demo, one must start live account trading with a small amount because that's what gives you a real experience.
Členem od Sep 08, 2020
1 příspěvků
Nov 05, 2020 at 07:05
(Upravené Nov 05, 2020 at 07:06)
It is in most cases not usual to be serious in applying the knowledge and effort in demo trading because of the mindset that the money is not even real
If you can dream it, you can do it!
Členem od Aug 11, 2017
870 příspěvků
Nov 05, 2020 at 07:52
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.
Členem od Jan 11, 2019
140 příspěvků
Nov 06, 2020 at 07:23
it can surely make you experienced depending on how seriously you take it.
Členem od Aug 11, 2017
870 příspěvků
Nov 09, 2020 at 08:02
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.
Členem od Nov 07, 2020
19 příspěvků
Nov 26, 2020 at 06:37
I completely agree with the fact that demo trading can make a lot of difference in how you see the market.
Členem od Mar 16, 2020
10 příspěvků
Nov 26, 2020 at 12:22
But I think demo will help you to understand how market works. And then you may becom experienced on real:) Difficult path...
Členem od Oct 12, 2020
13 příspěvků
Nov 30, 2020 at 09:41
For learning forex, demo accounts are the best option you have. You can test any strategy on your demo account to find if it works for you.
Členem od Jun 30, 2020
89 příspěvků
Nov 30, 2020 at 10:38
Use a demo account, it will always be useful for you, will it always hand you over
Členem od Feb 11, 2020
12 příspěvků
Dec 08, 2020 at 13:38
A demo account needs a leash in order to get an initial idea of what trading is. Understand the capabilities of the trading platform. And real knowledge and experience can only be gained by trading real money.
Členem od Apr 15, 2020
187 příspěvků
Dec 10, 2020 at 04:12
UweMoench posted:
Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.
There are a couple of points which need to be taken care of when you are trading on demo.
1. Demo Helps you to practice basics.
2. Demo lets your learn without the fear of losing
3. Execution time in demo is much better in comparison to live (be it any broker, the execution time in live and demo will always vary.)
If you trade on demo with the above mentioned points in your mind, you will realize that one can clearly not call themselves a good trader and gain 100% confidence on live trading.
Firstly, in the live account your capital is always at risk so you would need to be very careful and place trades after proper analysis as their is hardly any scope for luck (which we generally get on demo when we just randomly place any trade :P)
Secondly, you might not get the best or instant price while live trading, the execution time might overlook your entry price and chop your profits.
Thus, its a fact that demo cannot make you a pro but it can surely help you to start to become a pro.
The more your practice, the more you learn.
