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Every newbie should practice
Mar 09, 2021 at 12:37
Mitglied seit Jul 19, 2020
298 Posts
Every newbie should practice in their demo account. Demo trading is very much important for every newbie. Because you can know many thing from this. But many newbies think that Demo trading is really dull as they have to do this for a long time. Moreover they won't get any real money from this demo trading.
Mitglied seit Jul 23, 2020
869 Posts
Mitglied seit Jul 23, 2020
759 Posts
Mar 09, 2021 at 17:53
Mitglied seit Jul 23, 2020
759 Posts
AliaDare posted:Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Mitglied seit Sep 07, 2020
63 Posts
Mar 10, 2021 at 10:25
Mitglied seit Sep 07, 2020
63 Posts
Sarjohn posted:Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Mar 11, 2021 at 11:39
Mitglied seit Dec 28, 2020
187 Posts
radioactive posted:Yes and till now I am in profit not so much but still gaining profit. How are you going?Sarjohn posted:Going good mate. Demo trading is good for backtesting and initial familiarity but eventually, its live trading that tells how you're doing. When real money is involved, the scenario is different, so starting with a small amount is a wise decision for few months of demo.
Yes after a point you feel bored with demo trading because you don’t earn anything. This is why now I have started live trading with micro lots and also trade on a demo account to test my strategies.
Mar 11, 2021 at 13:35
Mitglied seit Oct 11, 2012
18 Posts
In real life, no one open shop by playing monopoly first.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Or being the best in monopoly doesn't mean success with real business.
Forex is a business, so why treat it differently with others?
You just do it with real money. Gain experiences. Learn, do your homeworks, follow real traders, and then start from small. Losing is part of the game. You won't get that feeling from demo account.
Demo account is only for backtesting NEW strategy, manual or automatic.
Low Profile High Profit
Mitglied seit Jun 26, 2020
327 Posts
Mitglied seit Mar 13, 2018
13 Posts
Mar 16, 2021 at 01:02
Mitglied seit Jul 19, 2020
788 Posts
SofieAndreasen posted:Yes, why waste money on unnecessary education. Since the broker is allowing me to do demo trading, I can develop a strategy from it without spending any money.AliaDare posted:Traders need a profitable strategy in trading market. Demo account is the best place to build and improve a trading strategy.
Every trader needs to gain experience by practicing demo trading. If you can't create a strategy by trading demo, then it is not possible to trade at a profit.
Mitglied seit Nov 06, 2018
83 Posts
Mitglied seit Jan 05, 2021
11 Posts
Mitglied seit Jun 26, 2020
327 Posts
Apr 02, 2021 at 05:24
Mitglied seit Jun 26, 2020
327 Posts
i always try to keep practice in demo or live , because i know very well only this practice issue can keep my trading result well. in Forex trading there is no way to stop practicing in spite of having good knowledge and experience.
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