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Demo can not make you well experienced
Mitglied seit Apr 14, 2022
40 Posts
Oct 21, 2022 at 11:11
In my view demo account make you well experience wot your own strategies.
Mitglied seit Jul 23, 2020
816 Posts
Oct 22, 2022 at 10:46
Forex is the largest currency trading market in the world and along with this; it offers range of opportunities for earning. Besides knowledge, you need a good trading broker to start trading with.
Oct 26, 2022 at 07:37
tobeygomez posted:
In my view demo account make you well experience wot your own strategies.
I believe a demo account helps to understand how the trading actually works by giving us exposure to tools and techniques. Developing strategies is good, but only live trading can reveal whether those strategies are effective.
Mitglied seit Mar 17, 2022
46 Posts
Dec 16, 2022 at 06:21
Unless real money is involved, a trader will not feel the anxiety, fear, nervousness, greed, or anger that comes while trading.
Dec 19, 2022 at 07:59
FredJones posted:
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
That’s the only reason demo accounts are worth it. Without taking on any real risks, backtesting and strategising is one way to give s newbie time to understand what they should be expecting from the process.
Dec 19, 2022 at 08:18
FredJones posted:
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
Mitglied seit Nov 29, 2022
40 Posts
Dec 29, 2022 at 05:57
It is true that demo trading can be a useful tool for new traders to gain experience and for experienced traders to test out new strategies. However, it is not perfect ; demo trading does not fully replicate the real trading environment and psychology plays a big role in live trading, which is missing in demo trading, so it is important for traders to be aware of this limitation and to be cautious when transitioning to live trading.
Dec 29, 2022 at 08:27
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
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