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The demo account is the master
Mitglied seit Jun 26, 2020
323 Posts
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 .
Mitglied seit Sep 12, 2017
232 Posts
Mar 22, 2021 at 07:50
Yes, the demo account can actually make you the master. it all depends on the level of seriousness.
Mitglied seit Feb 16, 2019
26 Posts
Mar 26, 2021 at 11:49
Michihito posted:
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.
you have to demo every strategy
Mitglied seit Mar 16, 2021
447 Posts
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.
Mitglied seit Jul 20, 2020
385 Posts
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
Mitglied seit Jan 08, 2021
14 Posts
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.
Mitglied seit Mar 17, 2021
494 Posts
Apr 05, 2021 at 11:03
LukeRachel posted:
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. a demo can be the good option to learn and practice trading.
Mitglied seit Jun 19, 2020
38 Posts
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.
Nov 01, 2021 at 07:36
Michihito posted:
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.
You are right on this note. I believe demo trading is a great option, which is a wonderful gift for the traders. We often ignore to deal with demo trading accordingly. If a trader trades on demo account to learn the ropes of this market, he should be able to be a good trader with very minimum damage.
Nov 01, 2021 at 07:46
RobSchiz posted:Fx_howie posted:
Demo account is really helpful for both new and old traders.
Demo account is the best place to practice as a newbie.
Yes, demo is the best place for a newbie to practice. However, I believe it is good option for an experienced trader as well. An experienced trader can test his new strategy on a demo account without having any loss, stress, tension.
Mitglied seit Apr 09, 2019
516 Posts
Nov 01, 2021 at 12:38
I will still take trades on a demo account after taking a live trade the same day. If I don't "need" to trade live then I will do so on demo if only to build confirmation in my strategy. The demo trades will still get added to my journal as well.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Nov 01, 2021
9 Posts
Nov 01, 2021 at 13:23
demo is the best way for testing new strategies and seeing what works and what does not
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