Demo can not make you well experienced
Aug 11, 2022 at 10:01
It's true!
It can only provide you with a taste of what the market could be like. To be well experienced, you need to put in the time and effort to learn the ropes and master the skills required for the job. A demo can give you a head start, but it cannot give you the surety of becoming a successful trader.
It can only provide you with a taste of what the market could be like. To be well experienced, you need to put in the time and effort to learn the ropes and master the skills required for the job. A demo can give you a head start, but it cannot give you the surety of becoming a successful trader.
Aug 12, 2022 at 08:08
Demo trading is helpful for letting a newbie thoroughly test his strategy to find a profitable price range as to when he should enter and exit a trade. Which is why trading is a demo that can help a newbie to improve technical analysis, risk management, and fundamental analysis. However, as no real money is involved, the trader does not feel any emotional attachment to the money he is trading (which is fake money). This does not help the trader to develop his trading psychology and money management skills.
This is the reason why many beginners who made good profits in demo trading, failed in the beginning of live trading.
This is the reason why many beginners who made good profits in demo trading, failed in the beginning of live trading.
Mitglied seit Jun 26, 2020
327 Posts
Aug 14, 2022 at 03:22
to become successful from this trading place is a big deal , need a perfect money management including most powerful analyzing trading knowledge.
Aug 25, 2022 at 12:12
Although a demo account cannot provide you with well-trading experience, especially when it comes to monetary values, but it does allow you to put your training into practice in an environment that is similar to real life without putting your real money at risk.
Aug 26, 2022 at 01:20
Seems there are many traders feel skeptical about demo accounts. In my experience, a demo account is useful to backtest a trading strategy, and expert advisors, this is still useful to learn to use a demo account, and we can trade real accounts while still performing a demo account.
Mitglied seit Jan 20, 2022
31 Posts
Aug 26, 2022 at 08:00
It's a matter of actual realisation that a demo can't have the capability to make you perfect in trading. But to get the superior one, you must have to overcome the inferior steps. And the demo is like that. A demo just functions as the mirror of your self-confidence in the field of trading.
Aug 26, 2022 at 14:56
DoraWalletInvest posted:
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.
However, make sure your strategy is proven. Use demo accounts to make a judgment over your strategy.
Mitglied seit Jul 26, 2022
49 Posts
Aug 30, 2022 at 07:54
I don't believe so. In my experience, demos play an important role in learning and understanding trading.
Mitglied seit Aug 17, 2022
80 Posts
Sep 02, 2022 at 09:59
ElijahM posted:Yes, trading experience from a real account is counted more specifically, since strategies for real money develop differently than for virtual money.
It is true that demo alone cannot make you well experienced. Beginners need to take risk and trade live with lower costs to understand the live market.
Sep 05, 2022 at 07:03
It’s good for a trader to start with demo trading but for real trading experience, they will have to put their money at risk. Demo trading just shows how trading is done. To get familiar with the results, you will have to trade in the market.
Sep 24, 2022 at 10:31
(bearbeitet Sep 24, 2022 at 10:33)
UweMoench posted:If you follow your system and trade the same balance your planning to put into real money you can gain expertise
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 Sep 06, 2022
26 Posts
Sep 27, 2022 at 10:40
Demo trading will help you to gain confidence in your knowledge and expertise. Demo trading aids in understanding the mechanism of the real time market and practise trading strategy on different time-frames without risking any money.
Mitglied seit Jul 26, 2022
49 Posts
Oct 15, 2022 at 11:20
That's true demo account cannot make you well experienced but it can teach you how trading works and how to use their technical indicators as well. so, the demo account plays an important role.
Mitglied seit Aug 19, 2021
227 Posts
Oct 17, 2022 at 10:55
Yiannis_trader posted:Oh do you really not gain experience by learning to trade on a demo? Lol. The demo can give you the same good experience as real trading. And sometimes, a trader may be more experienced than one who underestimates the contribution of demo accounts to learning.
That's true demo account cannot make you well experienced but it can teach you how trading works and how to use their technical indicators as well. so, the demo account plays an important role.
Mitglied seit Oct 04, 2022
15 Posts
Oct 21, 2022 at 06:27
That’s because live trading is a completely different experience for a trader. And when your real money is at risk, you also include your emotions in decision making, which has negative consequences. Demo trading is purely designed to help you build a tested strategy system.
Mitglied seit Sep 13, 2022
16 Posts
Oct 21, 2022 at 09:17
It is true that demo account experience cannot be counted as trading experience in the first place. The actual trading experience begins when you start risking real money in forex. But one should never jump into live trading without demo account practice. Practice for enough time on a demo account so that you won’t be lost and confused while trading on a real account.
