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Demo can not make you well experienced

Markwoods
Dec 17 2020 at 10:29
26 zpráv(a,y)
shaunmarsh posted:
If demo account environment is similar to live one like I found with exness and fxview then they are only good.

Aren’t the spreads in fxview’s demo always 0? In live ecn they are not fixed at 0

Mate (Mate_)
Dec 17 2020 at 10:33
11 zpráv(a,y)
A demo account is a must-have for learning to trade. It is needed to get the first trading experience, to get acquainted with trading instruments. It also has the ability to test new systems or trading methods without loss.

Darrensmith
Dec 17 2020 at 12:36
37 zpráv(a,y)
Markwoods posted:
shaunmarsh posted:
If demo account environment is similar to live one like I found with exness and fxview then they are only good.

Aren’t the spreads in fxview’s demo always 0? In live ecn they are not fixed at 0

That was not the case when I was trading on their demo account. And with live account of fxview the spreads are always low. I have other accounts also and on comparison I have come to this conclusion.

LyudmilLukanov
Dec 17 2020 at 17:36
547 zpráv(a,y)
Demo can help you to know about platform and trading. You can avoid simple mistake from demo practice. However, to become well experienced, you need live trading.

SofieAndreasen
Dec 18 2020 at 17:32
571 zpráv(a,y)
joeyallen posted:
I have a few demo accounts with my broker, a demo account for me is essential, this is my first rule of thumb, before I place any trades, once I get a signal from either my daily chart or 4hr, I open a small position on my demo account first to test if I am wright or wrong, I watch the market if the test makes money I place my trades, that is how I use a demo account. I am a position trader always looking for medium trends. 😎

Right decision. On the other hand, demo account helps you to test brokers’ quality.

SteveHanks
Jul 08 at 13:35
305 zpráv(a,y)
A demo is the best option to learn forex.

rida rida (ridarida)
Jul 08 at 18:05
13 zpráv(a,y)
it can ..... it is the only experience without lose .... it can make better

Tremblay
Jul 09 at 08:43
330 zpráv(a,y)
SteveHanks posted:
A demo is the best option to learn forex.

Yes. every new trader should practice on a demo.

Oghmage
Aug 04 at 17:06
20 zpráv(a,y)
Of course, I totally agree that demo can't make you well experienced mostly because demo was created not for these purposes. Demo account was created for testing, editing trading strategies and for acquaintance with trading activity as itself. I suppose that demo is a very useful instrument for those who face trading activity for the very firsty time. If you want to evaluate and understand the mechanics of the market then you should apply to demo account. It never gives you lots of experience however it teaches you how to trade. You don't feel such emotions which you can feel on a real account when you trade demo, you know.

Akasuki
Aug 04 at 18:00
248 zpráv(a,y)
Yes demo trading can not make us well experienced. But it can help us to test our strategy to find out the odds before using the strategy on live account.

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