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Is demo trading enough before real account?
forex_trader_349943
Členem od Aug 07, 2016
10 příspěvků
Feb 21, 2017 at 08:07
I think thanks to the demo accounts a new trader can develop confidence, however, it is far from the actual account. The equations are different, the pace of the market is different, we are talking about reality!
Use the demo, soak up the necessaries for the trading, consume information as if that depends your life and throw yourself into the real account.
Use the demo, soak up the necessaries for the trading, consume information as if that depends your life and throw yourself into the real account.
Členem od Aug 10, 2015
44 příspěvků
Feb 21, 2017 at 09:04
mlawson71 posted:
I think that there’s one thing that needs to be pointed out here – demo account has to be enough before one moves onto a live account, because there’s little else a newbie trader can do, as far as I know.
Yeah, pretty much true! Some also recommend micro accounts but it's again real money 😄
Členem od Sep 12, 2015
1933 příspěvků
Feb 21, 2017 at 16:54
If anyone is interested in taking part in a Demo challenge, get in contact.
"They mistook leverage with genius".
forex_trader_350138
Členem od Aug 07, 2016
10 příspěvků
Feb 23, 2017 at 07:49
lucie_fxtrader posted:
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Uff ... you are never prepared enough!
Manage various trading strategies, statistical analysis, have a lot of knowledge about Forex and tutors or professionals to consult in case of doubts in the complete trade.
Členem od Mar 04, 2018
39 příspěvků
Apr 09, 2018 at 06:17
manu1 posted:lucie_fxtrader posted:
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Uff ... you are never prepared enough!
Manage various trading strategies, statistical analysis, have a lot of knowledge about Forex and tutors or professionals to consult in case of doubts in the complete trade.
owo very good replay, i'm appreciate
natalie986754@
Členem od Feb 12, 2016
507 příspěvků
Apr 10, 2018 at 13:58
Too long period on demo trading may build some bad habits that will show up once the trader switches to live environment :)
Členem od Sep 12, 2015
1933 příspěvků
Apr 29, 2018 at 12:44
I'm sure you will get plenty of feedback here to review progress, this is the same when your learning on the professional side, helps cut out bad habits at an early stage.
"They mistook leverage with genius".
Členem od Aug 11, 2017
870 příspěvků
May 22, 2018 at 11:10
I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make themselves more familiar with the platforms.
Členem od Apr 09, 2018
37 příspěvků
May 23, 2018 at 06:26
Blowing up a demo account is a hell of a lot better than blowing up a real account.
Členem od Feb 17, 2018
8 příspěvků
May 23, 2018 at 06:34
well.. don't go for demo to 100,000 USD account.. I mean in theory it's the same as long as you don't mess up on the volume, and your entries aren't 100% perfect on the entry and exit. but in the start at least for me I'd act differently on a demo account and real account, so try to make sure you trade the same way.. maybe go back and fourth check if you trade the same way.
forex_trader_458816
Členem od Sep 11, 2017
117 příspěvků
May 24, 2018 at 06:08
for me, is not enough. You need to be profit in DEMO first before you run on real. Then, start trading with REAL account with $100 as starting balance first. Why? because this is the next process how you control your emotion. Most traders when DEMO, they can make a good profit, but in REAL account they loss.
Členem od Apr 09, 2018
37 příspěvků
May 24, 2018 at 13:48
nasrul_poyo posted:
for me, is not enough. You need to be profit in DEMO first before you run on real. Then, start trading with REAL account with $100 as starting balance first. Why? because this is the next process how you control your emotion. Most traders when DEMO, they can make a good profit, but in REAL account they loss.
100% spot on. If you fail in demo you will fail with real money. If you are successful in demo you will at least initially fail with real money. Demo is good for acquiring trading skill and honing that, but it's not possible to recreate the emotion you will experience when your actual capital is on the line. Dealing with that emotion is also a skill and that can only be developed when trading real money. But, if you are trading real money with no trading skills, you're going to experience a great deal of pain.
Členem od Mar 12, 2018
39 příspěvků
May 25, 2018 at 09:21
ComebackKing posted:
Blowing up a demo account is a hell of a lot better than blowing up a real account.
Completely agree with you. Otherwise blowing your money in the real account will surely compel you to stop trading.
Členem od Aug 11, 2017
870 příspěvků
Jun 13, 2018 at 10:17
practice in a long time in demo account can make us great discipline trader. so, it is more important to emphasis on trading in a demo but so many traders don't believe the importance of this trading place at all.
Členem od Jun 28, 2014
15 příspěvků
Jun 13, 2018 at 13:37
My suggestion is that, before opening a demo account; think about how it can help.
Mindset — treat it as a real account, make journal of your analysis, traits, decision, timeframe of trade, methodology/strategy used.
(Review the reuslt, Max Drawdown, Win Rate, R/R, and monthly volatility)
Expectation — I think demo account do not simulate actual account in 100%, including market price tier, and slippage.; make good research on your broker and if you can afford, use more than one broker as comparison or hedge purpose.
Demo account will not offer you benefit if you are not serious about it, blow it and start another one....? Don't waste your time.
Try a little game....if you lose money...give that amount to your husband/wife/child; if you win a good amount; congratulation to you, it gives you more assurance that you're on the right track...(don't ask your loved ones to pay you the amount though lol)
Mindset — treat it as a real account, make journal of your analysis, traits, decision, timeframe of trade, methodology/strategy used.
(Review the reuslt, Max Drawdown, Win Rate, R/R, and monthly volatility)
Expectation — I think demo account do not simulate actual account in 100%, including market price tier, and slippage.; make good research on your broker and if you can afford, use more than one broker as comparison or hedge purpose.
Demo account will not offer you benefit if you are not serious about it, blow it and start another one....? Don't waste your time.
Try a little game....if you lose money...give that amount to your husband/wife/child; if you win a good amount; congratulation to you, it gives you more assurance that you're on the right track...(don't ask your loved ones to pay you the amount though lol)
Členem od May 30, 2018
9 příspěvků
Jun 15, 2018 at 10:07
If you are confident enough that you have been trading well with consistent profits and an effective strategy then I guess it is enough. But take your time as demo trading can be very helpful in learning about the trading essentials.However if you are still a little apprehensive about live trading start with very small amounts. It will gradually increase your confidence as you start earning profits.
Členem od Jun 14, 2018
25 příspěvků
Jun 18, 2018 at 05:46
lucie_fxtrader posted:
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Go to real account to know the real emotion.
As Above. So Below
Členem od Jun 14, 2018
25 příspěvků
Jun 18, 2018 at 05:46
nasrul_poyo posted:
for me, is not enough. You need to be profit in DEMO first before you run on real. Then, start trading with REAL account with $100 as starting balance first. Why? because this is the next process how you control your emotion. Most traders when DEMO, they can make a good profit, but in REAL account they loss.
Agrred!
As Above. So Below
Členem od May 10, 2018
22 příspěvků
Jun 18, 2018 at 11:58
Yes demo trading is enough if done with proper attention and discipline. But you need to control your emotions and need to be serious while trading on demo. If you will trade on demo account with the psychology that this is your real account than surely demo trading is enough before opening live account.
Psychology plays the crucial role in demo trading.
Psychology plays the crucial role in demo trading.
Členem od Jun 14, 2018
25 příspěvků
Jun 18, 2018 at 12:04
emily_smith posted:
Yes demo trading is enough if done with proper attention and discipline. But you need to control your emotions and need to be serious while trading on demo. If you will trade on demo account with the psychology that this is your real account than surely demo trading is enough before opening live account.
Psychology plays the crucial role in demo trading.
Agreed!
As Above. So Below
