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Is demo trading enough before real account?
Členem od May 27, 2020
29 příspěvků
Jun 19, 2020 at 03:15
Demo account is useful for both newbies and experienced traders. The latter ones still use demo account to back-test their methodologies.
Členem od May 13, 2020
119 příspěvků
Jun 20, 2020 at 05:31
Before you start trading even on a demo account, you have to go through a certain theory.
Členem od Jul 20, 2020
172 příspěvků
Aug 25, 2020 at 07:42
I think yes. Because the demo account is the most effective way to learn forex perfectly. Every trader should use demo account at first to learn forex before using real account.
Členem od Aug 26, 2020
76 příspěvků
Aug 26, 2020 at 10:06
In addition to practicing on a demo account, you must have certain knowledge and skills.
Členem od Jul 19, 2020
283 příspěvků
Aug 27, 2020 at 13:28
Yes, Demo trading is enogh to learn forex properly. Almost all traders learn forex from a demo account.
Členem od May 13, 2020
119 příspěvků
Aug 27, 2020 at 14:18
When you are ready to trade on a demo account, you must have a specific strategy and plan
Členem od Dec 10, 2019
18 příspěvků
Aug 30, 2020 at 19:21
A demo account is certainly a great thing to practice and gain a good trading experience. Still, there is a disadvantage that will not allow you to break into the market immediately. This minus is that on a demo account, you don't feel any emotions, because you are not trading with real money. It is very important to be able to contain your emotions and control yourself. A lot of traders have lost their investments because of greed. So you need to open a small account in which you will trade small sums and slowly train your aging and self-control.
Členem od Jan 11, 2019
140 příspěvků
Aug 31, 2020 at 08:48
Demo accounts are the replica of live account and are used for the purpose of learning the platform and testing the strategies, EAs. However, the forex market is unpredictable. It is not 100% that if you are making profits on demo account, you are gonna make the same profits on live account. In live account, you will be using your own money so one has to be more cautious while placing the trades.
Členem od Aug 14, 2020
37 příspěvků
Aug 31, 2020 at 09:09
Demo trading is must before live trading.
Členem od Apr 25, 2020
115 příspěvků
Sep 16, 2020 at 10:56
In any case, you need to familiarize yourself with the platform of the broker you want to trade with, and the demo account really helps a lot with this.
Členem od Jul 20, 2020
286 příspěvků
Oct 06, 2020 at 02:01
If you are a new trader, you should do demo trading first. Demo trading helps to develop your skills. There is no such thing as demo trading to use strategy as a new trader. Demo trading is very beneficial in education. In this case, a good broker is needed. A broker can take a trader to a good platform.
Členem od Sep 07, 2020
70 příspěvků
Oct 06, 2020 at 08:03
Demo trading is done in a way that you can understand and strategize the live account but without money psychology. However it is very useful for the beginner to learn everything that there is for the trading.
Členem od Aug 11, 2017
870 příspěvků
Oct 08, 2020 at 06:03
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.
Členem od Jun 30, 2020
43 příspěvků
Oct 21, 2020 at 11:06
It’s not enough but it’s definitely necessary. Demo account is the only way for a new trader to get a feel of the broker before live trading. I personally have used Fxview but you can choose any broker you prefer like Oanda, Alpari or London Capital Group. Just make sure that it is regulated, stay away from scams!
Členem od Aug 17, 2020
121 příspěvků
Oct 21, 2020 at 17:48
Demo trading is definitely necessary. They might not be enough as they cannot simulate the emotions you might feel when there is real money at stake but I think you can adjust your mindset to treat demo money like real money as much as possible. Regardless, it is useful for testing your strategies before you risk your capital.
Členem od Mar 16, 2020
54 příspěvků
Oct 22, 2020 at 11:43
demo account is a replica of a live platform. it is very useful for building up a strategy as one can play around and learn more about the live trading.
Členem od Jul 20, 2020
172 příspěvků
Oct 22, 2020 at 20:46
I think only demo can not help you to make prepare yourself for real trading. You have to research and follow many more things to become experience in trading.
Členem od Jun 05, 2020
31 příspěvků
Oct 23, 2020 at 11:24
Demo trading is one of the essential steps before live trading, but not the only one.
Členem od Apr 25, 2020
115 příspěvků
Oct 26, 2020 at 10:13
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
Členem od Sep 08, 2020
36 příspěvků
Oct 29, 2020 at 09:48
Other than demo trading, you can also do a free babypips course to enhance your knowledge about trading and refer some youtube channels as well.
