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Purpose of demo trading
Členem od Mar 17, 2021
494 příspěvků
Oct 12, 2021 at 21:01
Unellene posted:
it's bad that many treat the demo as something unnecessary, but this is far from the case, this is a very important feature in the work of a trader
A demo is the best place to learn forex properly.
Členem od Oct 06, 2021
14 příspěvků
Oct 13, 2021 at 07:16
One of the best way to start your trading
Členem od Aug 21, 2021
60 příspěvků
Oct 13, 2021 at 11:32
As per my point of view, through demo trading you can enhance your skills, know about a particular trading environment and can make yourself prepare for the live trades.
Členem od Jul 03, 2021
17 příspěvků
Oct 14, 2021 at 04:40
The demo helps to learn trading skills. It is very difficult to make money from trading if you have incomplete knowledge about the forex trading Therefore, all types of analysis should be practices through demo trading.
Členem od Apr 21, 2021
11 příspěvků
Oct 18, 2021 at 08:51
Demo account is good for newbies. When you just start your trading way. Demo is good for testing your strategy. MAybe that's all. :-)
Členem od Dec 15, 2019
20 příspěvků
Oct 20, 2021 at 16:41
The main goal of demo trading is to meet a trader with trading activity. It's a quite good instrument for acquiantance with various oeculiarities and features of trading activity. It literally teaches you how to trade. It's a great empirical method I guess. There are no alternatives to it. Even if you will watch some videos where traders make traders, it won't give you such experience as your own demo-trading will. In my opinion, the main two things in the process of learning trading activity are theory (videos,courses,information) and demo-trading. All brokers offer such a function. You can also create, edit and test strategies on demo account.
Členem od Jun 17, 2021
11 příspěvků
Oct 21, 2021 at 05:44
Demo account is necessary to build skills to move in real trading world.
Členem od Jul 03, 2021
17 příspěvků
Oct 21, 2021 at 06:11
Its forex traing process to make ready for live trading.
Členem od Jun 14, 2021
51 příspěvků
Oct 26, 2021 at 04:42
Demo accounts offer an opportunity for traders who are interested in learning more about forex trading or who want to test out a new type of trading strategy without putting their money at risk. But it will not give you the experience of actually trading.
Členem od Mar 28, 2021
586 příspěvků
Oct 26, 2021 at 07:01
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Členem od Apr 09, 2019
516 příspěvků
Oct 26, 2021 at 10:52
For developing your skill and understanding of the way the market moves. This helps for strategy development and testing.
If you can't spot the liquidity then you are the liquidity.
Členem od Jun 14, 2021
51 příspěvků
Oct 28, 2021 at 04:42
Akasuki posted:
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Absolutely, I would just say that a demo trader need to however keep trading realistic, and not use a bigger amount in demo when in live he would be using a smaller account.
Členem od Jun 19, 2020
38 příspěvků
Oct 28, 2021 at 06:38
Demo trading is not mandatory, but it is essential to test and enhance your trading skills. The purpose of demo trading is to strategize and develop practices that can make you a trader who knows how to minimise risks.
Členem od Jul 19, 2020
749 příspěvků
Oct 28, 2021 at 09:29
@Willowerno Without Demo trading if anyone wants to Forex trading, he has to lose a lot of money just to get basic ideas of how trading works.
Členem od Apr 03, 2021
437 příspěvků
Oct 28, 2021 at 23:07
Although beginner traders can jump to use the real account, however, it's not good to step, and maybe will close to suicide account, trading forex looks simple in theory, but actually complex and complicated in reality, this is need skill to work profitable, demo account is a good and free place to learn how to manage money and finding good and suitable trading strategy.
Členem od Jun 16, 2020
57 příspěvků
Oct 29, 2021 at 04:09
The purpose of demo trading is to allow traders to trade without risking real money. It's also an opportunity for them to explore the different features of a particular platform before actually using it with their own money.
Členem od Feb 20, 2021
51 příspěvků
Oct 29, 2021 at 04:47
Demo trading gives real-time experience. You can place trades and see how the market responds without losing money. When you feel comfortable enough, switch to real trading with a real account.
Členem od Feb 12, 2019
104 příspěvků
Oct 31, 2021 at 23:48
To practice your TA chart analysis and entering exiting trades . Its invaluable in my opinion not sure why people dont spend longer on it its risk free no capital is lost
Členem od Aug 10, 2021
172 příspěvků
Nov 01, 2021 at 01:34
Demo accounts are meant for everyone, whether a newbie or an expert. While demo accounts can be used by any trader, it is best for newbies since they have little knowledge of forex, as well as, to learn how to minimize losses and maximize profits. Demo accounts are almost like real accounts. Their only difference is that they are not real.
Členem od Dec 09, 2013
138 příspěvků
Nov 01, 2021 at 07:18
Michihito posted:
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
Demo trading is something, which must be taken very seriously by every single Forex trader. A trader must devoted himself in demo trading at least for a year. He also is to make sure that he trades on demo as if he is trading on a live account. Once he is confident, he may switch to live trading. A demo account is still need to be maintained by a full time trader to check his strategies.
