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Purpose of demo trading
Jun 16, 2021 at 04:10
gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The more your practice, the more you learn.
Mitglied seit Jun 15, 2021
13 Posts
Jun 17, 2021 at 09:02
Purpose of demo trading is to prepare the beginner how forex works, how prices moves and how it looks on the terminal. There is no real loss but can teach you many important aspects for forex trading.
Jun 17, 2021 at 14:06
I agree with orlandoGT instead of focusing on consistent profit. The best would be to focus on consistent trades because earning profits should not be the focus now for beginners; it should be on trading and learning much as possible.
Jun 18, 2021 at 08:42
Mohammadi posted:
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Agreed buddy! Along with this, only live trading teaches us how to control our emotions while trading.
Jun 18, 2021 at 10:22
ele020 posted:gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
Yeah absolutely buddy, agree to it in addition.
Jun 18, 2021 at 11:59
gradking posted:ele020 posted:gradking posted:
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
Yeah absolutely buddy, agree to it in addition.
Perfect! :)
The more your practice, the more you learn.
Mitglied seit Jun 16, 2021
9 Posts
Jun 19, 2021 at 07:33
I consider demo trading a great way to learn and get aware of the market which really helps out while making live trades.
Mitglied seit Aug 27, 2017
875 Posts
Jun 19, 2021 at 08:13
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
keeping patience.......
Jun 21, 2021 at 07:11
Adribaasmet posted:
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
Once you begun to understand the basic concepts, you can gradually move to live with small capital.
The more your practice, the more you learn.
Mitglied seit Feb 05, 2016
29 Posts
Jun 22, 2021 at 06:09
When trading on the demo, you can get experience in the real market. This is much better than testing strategies on history.
Mitglied seit Dec 11, 2020
17 Posts
Jul 05, 2021 at 10:27
From the day I started my trading journey, demo accounts played the most important part for my learning. I preferred these to test strategies before risking it with live trading.
Oct 06, 2021 at 18:58
The main purpose of demo trading is to dive a rookie into trading activity. Actually, this purpose is quite clear. It is created to teach new traders how to treat the market. Of course, there is no theory on demo, just practice, but lots of brokers nowadays provide you with special educational courses which are directed to teaching you theory of trading. Of course, you should dedicate enough time to it, however if your intentions are strong and you have really decided to connect your life with trading, then you must pass all the steps on your way to success and wealth. It's hard enough, but there are no other ways.
Mitglied seit Aug 17, 2021
87 Posts
Oct 09, 2021 at 18:40
Demo accounts are used by stock trading platforms, foreign exchange trading venues, and commodities exchanges. Demo accounts are geared toward those who've always wanted to trade, but don't have enough money, have the money but don't know where to start, or are experienced traders who want to test new strategies.
Mitglied seit Aug 05, 2021
394 Posts
Oct 12, 2021 at 17:05
I think demo accounts serve a great purpose and those that use them long enough and actually focus on strategies are much more prepared when they switch to a real account. It's true that you don't get the emotional aspect of trading from a demo, but that doesn't mean that one should skip over them.
