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Newcomers and demo trading
Mitglied seit Sep 12, 2017
232 Posts
Jul 02, 2020 at 08:15
When I start trading,demo trading played a big role and comes out to be profitable for me as i took it very seriously and traded like i am trading on live account
Jul 06, 2020 at 06:39
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
That's right! Demo is perfect to test strategies and practice. One shouldn't directly start with a live account, there are more chances to loose that way.
Jul 06, 2020 at 10:46
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Jul 06, 2020 at 10:48
Dictiony posted:
Demo trading can be very helpful for every trader who are new in Forex. He can practice more and more with demo trading and after some experience he can make good profit in the real market.
I think so too.
But I have a problem with FxPro.
Already a second my demo account is being blocked (disabled) for a month. I can’t even close open trades.
Has anyone had a similar practice?
Now I’m thinking whether I need to open a real account there, if such an attitude is on their part ...
Mitglied seit Jul 23, 2020
696 Posts
Aug 14, 2020 at 17:08
Demo accounts allow traders to track real market conditions and test trading strategies so they can practice trading without putting money on the line. Newcomer should try it first. Once you're sure to get started, you're ready to go live with a real trading account.
Aug 17, 2020 at 00:47
Demo trading is very helpful for all new comers in Forex trading and I see that most of the traders using this opportnity of learning Forex. All new traders do demo trading for at least thtree months to get some good practice and experience.
Mitglied seit Jul 20, 2020
278 Posts
Aug 17, 2020 at 10:32
I think every newcomer should use the demo account first before investing their money in the live account. a demo account will help them to know all the basics of forex properly. Then the possibility of facing losses will decrease.
Aug 17, 2020 at 10:51
Demo is important for everyone. The use of demo is to test your strategy. To. Find out the winning odds of a strategy you have to test it on demo first. Another use of demo is to get ideas about a broker's platform. Make your strategy perfect on demo then apply that strategy on live account.
Mitglied seit Mar 05, 2020
4 Posts
Aug 17, 2020 at 12:32
I recently came to forex trading, but what I want to say is that a demo account is not a panacea, I have been convinced many times that what works on a demo account may not work in a real account, and the market always behaves differently. So do everything on a demo account, I'm not in agreement.
Mitglied seit Aug 17, 2020
7 Posts
Aug 17, 2020 at 20:09
By using demo you learn what to do in practice and that should be mandatory before starting.
Mitglied seit Jul 20, 2020
278 Posts
Aug 19, 2020 at 13:12
Every new trader should practice first at the demo account before entering into the live account. The demo account will help them to learn all the basics of forex perfectly.
Aug 21, 2020 at 06:47
Thanks to the demo account, beginners who will start creating their trading strategies can test it on it, and if the demo account is very similar to a real account like that of Amarkets, then there will be no problems with this in the future.
