Newcomers and demo trading

Sep 26, 2017 at 14:46
6,766 Angesehen
157 Replies
Mitglied seit Aug 11, 2017   886 Posts
Aug 22, 2020 at 04:55
live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.   
Mitglied seit Jul 23, 2020   869 Posts
Sep 27, 2020 at 12:03
ElliotCooke posted:
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.
I agree. However, Trader lack emotion in demo account due to virtual money. They feel real emotion in live trading and make mistake because of that.
Mitglied seit Jun 17, 2020   37 Posts
Oct 14, 2020 at 11:19
Demo accounts are good only to get a feel of the trading environment. Real money can only give real experience.
Mitglied seit Jun 30, 2020   37 Posts
Oct 15, 2020 at 05:14
If you are a newcomer in the world of trading, you must begin with a demo account. You can practise with a demo account and later switch to a real account.
Mitglied seit Jul 01, 2020   27 Posts
Oct 19, 2020 at 12:39
Cannot agree more. Demos are absolute essential!
Mitglied seit Jul 19, 2020   751 Posts
Oct 20, 2020 at 04:21
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
Mitglied seit Jun 30, 2020   90 Posts
Oct 20, 2020 at 05:08
You say absolutely correctly, on a demo account you need to use the amount that will initially be on a real account.
Mitglied seit Jul 19, 2020   318 Posts
Dec 12, 2020 at 09:43
A demo account is the best way to learn forex properly and perfectly. So, every new trader should practice on a demo account before investing their money in a real account.
Mitglied seit Feb 19, 2017   6 Posts
Dec 13, 2020 at 15:32
You should trade on demo accounts. it will be better. what matters is that you are patient enough.
I TRUST IN GOD
Mitglied seit Oct 23, 2020   37 Posts
Dec 22, 2020 at 07:45
Demo account becomes useless in such a case.
Mitglied seit Sep 12, 2017   238 Posts
Dec 23, 2020 at 04:18
exactly. the beginner should always start with a demo. infact the experienced can trade on demo side by side to try new strategies
Mitglied seit Oct 23, 2020   37 Posts
Dec 23, 2020 at 09:55
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Mitglied seit Dec 21, 2020   36 Posts
Dec 24, 2020 at 08:17
Jakemark posted:
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
And those emotions destroy the game of most traders.
Mitglied seit Oct 13, 2020   34 Posts
Dec 24, 2020 at 12:26
Demo trading is essential not only for new traders but also for experienced ones. If I am to give my own example, I started trading first demo accounts of etrade and ib, and after almost 5 months went live. This was about 2 years back. I am still using both demo and live accounts simultaneously for practicing my strategies on demo before applying them on the live account.
Mitglied seit Jul 23, 2020   869 Posts
Dec 25, 2020 at 09:23
mitchelstrack posted:
Does anybody know if Exness offers demo account.
All brokers off demo account Exness is no different.
Mitglied seit Jun 15, 2020   59 Posts
Dec 26, 2020 at 04:54
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them.
Mitglied seit Nov 05, 2020   54 Posts
Dec 26, 2020 at 13:06
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
Mitglied seit Oct 05, 2020   30 Posts
Dec 26, 2020 at 15:02
inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
What’s the criteria here for classifying these brokers as good?
Mitglied seit Jul 20, 2020   298 Posts
Dec 27, 2020 at 02:15
Demo trading is a must to gain trading experience. It is possible to create a strategy by trading a demo. Consistently profitable with that strategy.
Mitglied seit Jul 23, 2020   869 Posts
Dec 27, 2020 at 04:20
inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
I think all broker offer demo account. Trade should test the services in demo account before investing money.
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