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Purpose of demo trading

waspbelt
Feb 11 at 12:55
12 Beiträge
It is not just new traders who get benefited from demo trading but also professional traders because they can apply their strategies on the demo account before risking their money.

Tremblay
Apr 18 at 09:28
133 Beiträge
A demo account is the best way to learn forex trading.

Ferdii
Apr 18 at 13:10
5 Beiträge
The initial purpose of a demo account is to apply all your theoretical knowledge in practice and gain some experience.

AliaDare
Apr 18 at 17:06
365 Beiträge
Joz8 posted:
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.

Yes, that's right. How to manage trade? How to maintain money management? How to do the analysis? The demo is the best platform to practice all these things.

WaltonCharles
Apr 18 at 18:52
38 Beiträge
Ferdii posted:
The initial purpose of a demo account is to apply all your theoretical knowledge in practice and gain some experience.

Yes. You are right. But choosing a good broker is also an important thing in the forex market.

UweMoench
Apr 19 at 13:45
334 Beiträge
Demo is to test our strategy before trying the strategy on live account. For newbie demo is to know trade mechanism works and also for testing strategy.

Sarjohn (Sarjohn)
Apr 20 at 08:00
115 Beiträge
Demo trading is the best way to learn forex for the newbie and experienced trader use it for strategy testing, With demo trading you get aware of the platform, it helps to learn the chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.

Tradelist45
Apr 20 at 08:40
88 Beiträge
the purpose of demo trading always make sure to acquire good knowledge and experience , but generally we the traders dont believe the importance of this trading place at all.

Mohammadi
Apr 20 at 08:53
861 Beiträge
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.

AliaDare
Apr 20 at 15:42
365 Beiträge
Joz8 posted:
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.

Yes, demo trading is very important. It is more collaborative for most beginner traders. Demo platforms help a lot in developing strategies.

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