Demo can not make you well experienced
Sep 29, 2020 at 14:34
Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.
Mitglied seit Jul 19, 2020
318 Posts
Sep 29, 2020 at 14:40
I agree with you. But for learning forex, I think, A demo account is the best option. Because you can practically test yourself in a demo account.
Mitglied seit Jul 20, 2020
341 Posts
Sep 29, 2020 at 18:38
I completely agree with you. The demo is just to check your ability. It can not give a complete learning procedure.
Mitglied seit Jul 20, 2020
232 Posts
Sep 29, 2020 at 19:08
Most of the traders use the demo account to check their strategy.
Mitglied seit May 21, 2020
4 Posts
Sep 29, 2020 at 20:05
100% at last someone who gets it ..plus you have to trade a demo account with the same amount you are going to put in your LIVE account otherwise whats the point you leanr nothing ..anyone can win big with 50,000 demo on some lucky low pip high lots trades but that dont make you a successful trader....get $500 demo and double it 3 or 4 times ! THEN you are ready for going on live ! thats my thoughts and how i did it anyway
Live and Die by the Sword !
Sep 30, 2020 at 00:42
Emotions don't usually work in demo trading. There is no interest in trading when doing demo trading. Due to which it is often seen that even after making a lot of profit in demo trading, it is unable to make a profit in real trading. So if a trader invests a little money in real trading without demo trading, it will be much better than demo trading.
Sep 30, 2020 at 06:11
Yes exactly. The purpose of demo is to understand the system. And there is no point of taking 10,0000 balance to trade on demo. You are going to learn nothing except how to open a trade and close it. We should use demo account effectively.
Mitglied seit Jan 11, 2019
147 Posts
Sep 30, 2020 at 08:09
This happens because we do not trade seriously on demo account thinking we won't loose anything of our own.
Mitglied seit Sep 07, 2020
63 Posts
Sep 30, 2020 at 08:12
You need to understand that the purpose of demo is nothing but offering you insight of how your live account trading will work. But you are missing out on fear of losing of money because you are basically losing nothing in demo, while actually losing in live account.
Mitglied seit Aug 17, 2020
123 Posts
Sep 30, 2020 at 08:15
Even though demo trading is not the same and it doesn't help you exprience your true emotions and reactions to market movements, I think it shouldn't be underestimated, it is a great way to test your knowledge.
Oct 01, 2020 at 09:48
I disagree with that I know that demo does not include real money so there is less risk involved but that does not mean trading on demo does not give you experience. It gives you the experience of trading in real look-alike conditions. The demo gives you the idea that how the market operates, how can we strategize and how can we become effective and efficient to face the live conditions of the market.
Mitglied seit Mar 16, 2020
54 Posts
Oct 03, 2020 at 05:16
Demo trading will help you learn about the trading and many traders provide same market conditions as their live account. It is helpful but in live trading one needs to have a proper strategy.
Oct 04, 2020 at 15:55
Yes, you're right. On the one hand, real trading and demo-trading are two different things. Real trading involves a lot of emotions, while demo trading is more like a game than real business.
Still, demo trading is a very important thing, especially if you have never traded. In general, I can compare trading with checkers. You don't have much time to think, so you have to make quick decisions. This can only be achieved with practice, when you study trading patterns and learn to react instantly.
A demo account allows you to learn how to trade and recognize trading patterns, so I think it's very important.
Still, demo trading is a very important thing, especially if you have never traded. In general, I can compare trading with checkers. You don't have much time to think, so you have to make quick decisions. This can only be achieved with practice, when you study trading patterns and learn to react instantly.
A demo account allows you to learn how to trade and recognize trading patterns, so I think it's very important.
Mitglied seit Sep 12, 2017
238 Posts
Oct 12, 2020 at 09:01
UweMoench posted:
Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.
I completely agree demo account is only for testing purposes
Mitglied seit Jun 15, 2020
59 Posts
Oct 12, 2020 at 13:05
I agree! Real beginning can only happen with real money on a real account.
Mitglied seit Jul 19, 2020
318 Posts
Oct 12, 2020 at 18:11
A demo account can help you to make experienced. It needs no caputal and it has no risks. You can test your strategy in this account.
Mitglied seit Jun 22, 2020
39 Posts
Oct 21, 2020 at 11:05
I think demo helped me a lot to gain experience. I still use the demo accounts of my brokers Fxview and IC Markets to back test my reworked strategies.
