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Is demo trading enough before real account?
Členem od Aug 27, 2017
875 příspěvků
Nov 17, 2021 at 11:05
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
keeping patience.......
Členem od Mar 17, 2021
494 příspěvků
Nov 18, 2021 at 07:23
GraceGilm posted:Adribaasmet posted:
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
I also agree with you. A demo can not help you to gather all the knowledge and skills about this market.
Členem od Jun 12, 2021
132 příspěvků
Nov 18, 2021 at 09:52
demo is master place to acquire all basic knowledge and experience
but in generally we ignore this trading place because there is no real money and we cant focus on there.
but in generally we ignore this trading place because there is no real money and we cant focus on there.
Členem od Oct 29, 2021
69 příspěvků
Nov 19, 2021 at 10:25
Demo trading can be an excellent way to familiarize yourself with the forex market, get a feel for your comfort zone and learn how to read charts.
Členem od Jun 12, 2021
132 příspěvků
Nov 20, 2021 at 10:48
in order to me i think the demo is really important for newcomers and seniors but people dont trust it. actually demos experience most of the time works to fail. thats the real reason.
Členem od Nov 03, 2021
53 příspěvků
Nov 23, 2021 at 04:49
If you are a newbie, nothing is enough alone to learn the art of forex trading. First, you need to gather basic knowledge about trading by enrolling yourself in any reliable online course. Further, you can create a demo account to hone your trading skills. A demo account provides you with the opportunity to back-test your strategies before applying them on live trading. Further, it boosts your confidence when you make profits. You can become a member of various trading forums to learn from other experienced traders. However, you cannot become a trader unless you enter the live trading and involve your real money.
Členem od Oct 05, 2021
10 příspěvků
Dec 01, 2021 at 12:28
I think so, couple your time on demo accounts with time studying either on BabyPips or with reputable traders on YouTube.
Also TradingView is great to be able to see people sharing different analysis on the pairs you're looking at.
Also TradingView is great to be able to see people sharing different analysis on the pairs you're looking at.
Členem od Nov 23, 2021
34 příspěvků
Dec 03, 2021 at 06:20
An absolute NO! Demo trading is beneficial for traders to have trading skills and strategies. However, traders don’t trade demo trading like they would trade their real money. In live trading, traders need to have good risk and money management, along with control on emotions. You can consider moving to live once you have started making consistent profits on demo trading. However, make sure you start with a micro account. Live trading will be a challenging yet a meaningful experience.
forex_trader_2596872
Členem od Sep 01, 2021
3 příspěvků
Dec 07, 2021 at 18:12
You absolutely must back and forward test a strategy before you start using it in the live markets on a real account which is what a demo is, you must know that you will never be ready to trade a real account, you will never be qualified to trade a real account until you have actually traded that real account and proven to be consistently profitable. It is important that you are profitable on a demo before you start trading for real but being profitable on demo does not guarantee that you will be profitable on a real account.
Členem od Mar 24, 2020
80 příspěvků
Dec 07, 2021 at 21:07
Karen,your right regarding using the Demo/Sim. But
If your profitable on a demo there is no reason you will not be profitable on a live account.
Unless,
Psychology/ mind set / read Steve Wards books on that.
Your Broker is ok on the demo,but pissing you about on a live account ?
If your profitable on a demo there is no reason you will not be profitable on a live account.
Unless,
Psychology/ mind set / read Steve Wards books on that.
Your Broker is ok on the demo,but pissing you about on a live account ?
Not Specified
Členem od Nov 02, 2021
73 příspěvků
Dec 09, 2021 at 05:54
Demo trading is a great way to get started in forex trading. It allows you to trade in a simulated environment, which is very close to the real thing, without the risk of losing real money. It is a great way to get used to trading strategies and analyze the market before making actual trades with your real money.
Členem od Jun 07, 2021
70 příspěvků
Dec 20, 2021 at 05:40
Demo trading is helpful for preparing traders with the right set of trading skills and strategies. But surely it’s not enough. Traders need to have risk management because in demo some traders ignore that. Besides that, traders need to be more emotionally aware to make profits.
Členem od Aug 27, 2017
875 příspěvků
Dec 23, 2021 at 11:23
i love doing demo account because this trading platform always gives me live knowledge and experience even though there is no real money.
keeping patience.......
Členem od Jan 26, 2013
72 příspěvků
Dec 23, 2021 at 14:27
I am not a fan of judging an EA by its backtesting as there is too much artificial curve fitting to make it look it as good as possible but falters long term under real world conditions. I've seen many an EA like that. For me, my EA has been forward tested since 2018 on demo accounts to see if it is generally viable theoretically for more than a year. Once it was after 3 years, I put my own money on real money trade accounts with my broker which I have publicly posted my results on my profile. My demo accounts are still active till this day and compared to my real money accounts, the trading records between the both of them slightly differ, but not materially.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
Členem od Jul 19, 2020
749 příspěvků
Jan 09, 2022 at 05:09
Demo trading is beneficial prior to go live with trading. However, demo trading should be conducted in accordance with specific guidelines and risk management guidelines.
Členem od Apr 18, 2019
26 příspěvků
Jan 13, 2022 at 18:55
It's enough, however you should also learn theory because it also matters a lot. In my opinion, new traders have to get acquainted with the theory first and only thn they can choose a broker and start trading on demo account. Everything because theory gives you an opportunity to start learning how to trade. Of course, some tradesr prefer practicing without learning various features of trading activity, nevertheless I personally can't consider this way as successful one. Moreover, if ou wnat to become a successful trader in future, you are obliged to be acquianted with theoretical part of trading.
Členem od May 11, 2020
20 příspěvků
Jan 22, 2022 at 13:37
It's enough but of course you have to master your skills due to simultaneous learning. I know that even professional traders continue master their skills with learning even if they have constant profits on the market. Here everything because forex trading develops daily and there are plenty of things which appear daily. In my opinion, demo trading is cool, it meets you with trading activity and let you understand how the forex market works. In other cases, demo trading is useless. The matter here is your practicing on a real account and daily exploration of various new things on the market.
Členem od Jun 12, 2021
132 příspěvků
Jan 23, 2022 at 07:54
the result of trading demo can be useless if you not trade in there with more focus , so be careful when trading even though there is no real money.
Členem od Aug 19, 2020
11 příspěvků
Jan 28, 2022 at 14:14
I think that there’s no alternative to demo trading. I also trade on a demo account and I already see that it teaches much better than watching video guides from various gurus, reading thematic articles, etc. I think only trading on a real account could be better in terms of gaining experience, but I will do it later. I want to practice more trading strategies before shifting to a real account. I do believe that a real account will teach me more but I feel I should have more practice on a demo account before I start risking my real capital.
Členem od Mar 28, 2021
586 příspěvků
Dec 07, 2022 at 11:11
Many a broker fails to provide traders with the required amount of security and never make sure instant support. These brokers also make issues at the time of withdrawing money.
