Antonio_K posted:I wanted to point out that demo trading is less important because of which there is no loss or gain emotionally. But if that is the original money, then emotionally it can be a bit of a problem.SofieAndreasen posted:True, because emotions intervene only when actual monye is involved, thats why demo seems way too easy as compared to real account trading.AliaDare posted:However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
The demo account is the first tool used by a beginner to trade on live market using demo capitals and risk-free to understand how the live market works.
Mar 16 2021 at 15:31
Yep demo is the best place to start. But the real emotions start when trade live.
Mar 22 2021 at 06:08
right now i am with demo account and practicing price action , it supports me to see the performance how it works .
practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Mar 22 2021 at 07:50
Yes, the demo account can actually make you the master. it all depends on the level of seriousness.
Mar 26 2021 at 11:49
Michihito posted:you have to demo every strategy
The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Mar 27 2021 at 01:03
Demo trading can transform you from a normal trader to a professional trader. A perfect platform for gaining experience. A profitable strategy can be developed on that platform.
Mar 27 2021 at 14:32
Yes i agree completely. It is perfect for trialling a strategy and for working on entries. You will need to go live to help with psychology though
Apr 05 2021 at 10:50
That is a good strategy if you ask me, and I see no harm in testing your trades before going live. I trust demos as well.
Apr 05 2021 at 11:03
LukeRachel posted:Yes. a demo can be the good option to learn and practice trading.
Demo trading can transform you from a normal trader to a professional trader. A perfect platform for gaining experience. A profitable strategy can be developed on that platform.
Yes demo trading is important. We can't try a strategy directly into live account because we do not know how it will work for us. So it's safe to try any strategy on demo first.
Demos are mostly for practising and learning about the market and how it actually works. There is no real money involved so there is no risk with them.
i always try to support micro account which is always supportive to bring live knowledge and experience.
brianna posted:The demo is the best option to learn forex perfectly.
Demos are mostly for practising and learning about the market and how it actually works. There is no real money involved so there is no risk with them.
Demo account is really helpful for both new and old traders.
Fx_howie posted:Demo account is the best place to practice as a newbie.
Demo account is really helpful for both new and old traders.
and not only for beginners, even experienced traders can test a lot on the demo
Oct 26 2021 at 19:01
Unellene posted:Yes. A demo is the best platform to learn forex properly.
and not only for beginners, even experienced traders can test a lot on the demo
Nov 01 2021 at 05:31
New traders who do not practise demo trading are doomed to fail. Although demo trading is not exactly the same as real trading, it does prepare traders with good trading skills and strategies.
