DEMO ACCOUNT vs LIVE ACCOUNT

What a load of BS, live account is nothing like Demo, if it was trading would be a lot easier, re quotes, slow closing of positions when in profit, broker disconnections with certain brokers, its a good thing to have freedom of choice, since I switched brokers ,I have zero problems. No one keeps moving the goal posts in Soccer training or the landing strip in Flight training.

If you have a bad broker, then thats the problem...

All my years of trading on Live Accounts at reliable brokers...no problems. If you use small Stops of 10, 20, 30 Pips then youll have problems. The market just needs to sneeze for you to be Stopped Out..this then leads to traders blaming the brokers, market etc.

If you had a good strategy on a Demo with large enough Stop Losses, shouldnt have a problem replicating those Demo trades on a Live Account...






Duane
DRFXSWINGTRADING

Environment in demo and live will be different like stop level, also in live trading affect your psychology and the result always different because of that factor

dragonEA posted:
Environment in demo and live will be different like stop level, also in live trading affect your psychology and the result always different because of that factor

Because in live trading when you lose it is like a hard blow.

Of course the live trade is the best, otherwise, why are there any demo accounts? To trade later live.

demo account = zero stress:)

fx33 posted:

demo account = zero stress:)

Stress is also a good thing if at certain normal extent. It keeps you alive, remember 😉 But when it comes to training - demo is best for sure 😄

snapdragon1970 posted:

What a load of BS, live account is nothing like Demo, if it was trading would be a lot easier, re quotes, slow closing of positions when in profit, broker disconnections with certain brokers, its a good thing to have freedom of choice, since I switched brokers ,I have zero problems. No one keeps moving the goal posts in Soccer training or the landing strip in Flight training.

Precisely! Funny thing is that I even notice such delays in profitable orders closing on demo accounts with some brokers 😁

jackell78 posted:

Precisely! Funny thing is that I even notice such delays in profitable orders closing on demo accounts with some brokers 😁

That is the matter of slippage? Or a broker considers useless to make delay on demo? 😁

fx33 posted:

demo account = zero stress:)

But I would add also - No pain = No gain 😉

don't use demo acount, use micro/cent account instead

josephwong posted:
don't use demo acount, use micro/cent account instead

When? From the very beginning? No matter what is the account, I wouldn't recommend risking any money before a period of intensive practicing...

AlGauthier posted:
But I would add also - No pain = No gain 😉

Hahaha, this is also true! 😁

DRFXTRADING posted:
If you use small Stops of 10, 20, 30 Pips then youll have problems. The market just needs to sneeze for you to be Stopped Out..this then leads to traders blaming the brokers, market etc.

Isn't it that the stops are risk precaution measures? If the price goes against you, the bigger the stop, the larger could be the loss. Of course we need to have the spread in consideration as it is the main factor that can trigger your stops sooner or later. I think demo account is the best place to test and validate such situations.

I really appreciate your offer, most of the new Forex traders can’t concentrate on demo, in this case micro or cent account would be useful! By the way, I used demo account and I was too much serious in my practice account! But it’s true, in my early stage of live trading I faced psychological problems but gradually I understand the principles of live trading!

PriceAction13 posted:
I really appreciate your offer, most of the new Forex traders can’t concentrate on demo, in this case micro or cent account would be useful! By the way, I used demo account and I was too much serious in my practice account! But it’s true, in my early stage of live trading I faced psychological problems but gradually I understand the principles of live trading!

The only way to avoid those ''psychological problems'' is to describe your strategy in simple layman words to the smallest details then finding a good programmer who codes those words into an EA. As my programmer says: ''If you can put it into words, I can code it for you.''

Trading with EAs means trading with actual a ''money making machine'' which trade without fear, greed and anxiety. Above all, it is just fun making money while sleeping (which is literally true as my EAs are trading mainly the Asian sessions).

I have been trading only by EAs for the past years and I could never go back to face the anxiety involved with manual trading LARGE ACCOUNTS. I have to admit that I have difficult times EVEN TO WATCH my EAs trading my personal and my investors' accounts with $50,000+ total under management...

shirley_F posted:

josephwong posted:
don't use demo acount, use micro/cent account instead

When? From the very beginning? No matter what is the account, I wouldn't recommend risking any money before a period of intensive practicing...

Yes, from very beginning, you will learn when you loss, in demo account, people usually don't serious with it because no money involved

Well, I believe both the accounts are same in functionality. The only difference is in demo account your real capital is not at stake whereas in real account you trade with real money. So trader trades risk free in demo account. This is the drawback of demo accounts as even if the people lose money in demo account they don’t take it seriously, on other side when the same thing happen in real account they get agitated. So, in demo one is not able to get a true feel of trading.

jackwilliams posted:
The only difference is in demo account your real capital is not at stake whereas in real account you trade with real money.

True, but don't forget the execution and all that goes with it (like slippage etc.).