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Demo trading
Členem od Nov 09, 2020
9 příspěvků
Feb 03, 2022 at 15:09
I have been trading on a demo account for more than three months. I think that I need to continue trading on this account because I feel that I haven’t learned everything required yet and many nuances need to be cleared and this can be done through intensive practice only. Of course, it could be done on a real account but I don’t want to sacrifice my hard-earned money.
I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.
I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.
Členem od Jan 04, 2021
12 příspěvků
Aug 31, 2022 at 14:41
Some traders think that a demo account is only for beginners. You trade for 2-3 weeks and that's it.
In fact, they do.
Every professional trader will tell you that.
The demo account is needed not only for learning trading.
There are cases when you want to test a new indicator or trading strategy. It's very risky to do it on a live account.
You should do it on a demo account first. It will be right and you won't lose money!
In fact, they do.
Every professional trader will tell you that.
The demo account is needed not only for learning trading.
There are cases when you want to test a new indicator or trading strategy. It's very risky to do it on a live account.
You should do it on a demo account first. It will be right and you won't lose money!
Členem od Aug 17, 2022
42 příspěvků
Sep 08, 2022 at 12:15
A demo account is where new traders practice their trade without using their real money. It is basically a good way to understand Forex and allows you to handle the loss without having to send a single dime.
Členem od Aug 05, 2021
394 příspěvků
Sep 22, 2022 at 16:09
tilenmlakar posted:
Hi to all,
i'm a newbie here and in this industry, so apologies if this seems a stupid question😄
Read a lot that demo trading is something different than real trading, even if you use the same broker, platform, trading with the same leverage and so on.
Is it true or not?
It's very similar. One of the main differences is the psychological aspect of it, because real money isn't on the line on a demo account so your mind is more clear and it's easier to follow your plan. A lot of people get anxious or greedy once they switch to a real account and therefore they make decisions based off of those emotions.
Some traders also argue that demo accounts are manipulated by the broker, but that's more speculation in my opinion.
Členem od Apr 18, 2020
55 příspěvků
Sep 23, 2022 at 11:43
A demo account is basically for practice to get hands-on trading and for new traders to learn and understand trading.
Členem od Oct 01, 2022
51 příspěvků
Oct 03, 2022 at 14:27
agree but it is really difficult to focus on demo account because there is no real money on there.
forex_trader_3036016
Členem od Sep 29, 2022
15 příspěvků
Oct 13, 2022 at 07:34
Demo trading is not perfect as there is minimum inclusion of psychology and risk management. But it’s great for backtesting trading strategies - and successful trading is not possible without a good strategy.
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