Newcomers and demo trading
LyudmilLukanov
Členem od Jul 23, 2020
193 zpráv(a,y)
Sep 27 2020 at 12:03
ElliotCooke posted:
Every new trader should practice first at the demo account before entering into the live account. The demo account will help them to learn all the basics of forex perfectly.
I agree. However, Trader lack emotion in demo account due to virtual money. They feel real emotion in live trading and make mistake because of that.
Calacti
Členem od Jun 17, 2020
32 zpráv(a,y)
Oct 14 2020 at 11:19
Demo accounts are good only to get a feel of the trading environment. Real money can only give real experience.
Lycineandrew
Členem od Jun 30, 2020
22 zpráv(a,y)
Oct 15 2020 at 05:14
If you are a newcomer in the world of trading, you must begin with a demo account. You can practise with a demo account and later switch to a real account.
Ezereombre
Členem od Jul 01, 2020
26 zpráv(a,y)
Oct 19 2020 at 12:39
Cannot agree more. Demos are absolute essential!
UweMoench
Členem od Jul 19, 2020
213 zpráv(a,y)
Oct 20 2020 at 04:21
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
Andronn
Členem od Jun 30, 2020
51 zpráv(a,y)
Oct 20 2020 at 05:08
You say absolutely correctly, on a demo account you need to use the amount that will initially be on a real account.
GeorgeBischof
Členem od Jul 19, 2020
308 zpráv(a,y)
Dec 12 2020 at 09:43
A demo account is the best way to learn forex properly and perfectly. So, every new trader should practice on a demo account before investing their money in a real account.
phuonglan19
Členem od Feb 19, 2017
6 zpráv(a,y)
Dec 13 2020 at 15:32
You should trade on demo accounts. it will be better. what matters is that you are patient enough.
I TRUST IN GOD
Adamgylicrist
Členem od Oct 19, 2020
24 zpráv(a,y)
Dec 22 2020 at 04:35
UweMoench posted:
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
That is so true, the biggest mistake that a new trader makes on a demo account is trade millions on a demo when in reality he will be using only a few hundreds dollars out of his pocket for trading.