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.
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.
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.
Oct 19 2020 at 12:39
Cannot agree more. Demos are absolute essential!
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.
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.
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.
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
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.
Dec 22 2020 at 07:45
Demo account becomes useless in such a case.
