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Demo trading
Mitglied seit Jan 11, 2019
11 Posts
Jan 11, 2019 at 11:04
I think that is too long. I trade demo for 12 months and had big problem when I went live. I wish I had gone live sooner but onto a micro account with low leverage. That is a much better way to understand how the markets really work
Mitglied seit Jan 15, 2019
11 Posts
Jan 15, 2019 at 11:57
I also think 3-6 months is enough. Then move on to micro account for at least 12 months. That is a better way to learn. It is easy to forget the lessons from losing 200 demo pips but when there is real money at stake (even a small amount) the losses will be remembered and solutions found
Jan 16, 2019 at 07:52
For me, the demo is supposed to be for those who are really really a beginner trader whereby you need to familiarise with the mt4 platform itself like eg; how to buy or sell. how to sell limit or buy limit etc. And also to test out the strategies that you like. Ones you are comfortable with the MT4 platform and your strategy is working then you can start trading live account. Ones you enter live account than another problem coming in, emotion. Yes, your emotion is the killer. be disciplined and manage your risk/money. Most of all, be patient.
Jan 17, 2019 at 11:41
Totally, demo is just to get familiar with platform not to learn trading for real. That can only be done with a real account. I think demo is waste of time if you are serious about trading. Get a real account and get the feeling of having real money on the line
Jan 18, 2019 at 10:52
Demo helps beginners navigate the mt4 system including utilizing trading technical s and strategies. But more importantly you want to trade with the smart money so learn to read COT reports to add to your trading strategy. YouTube how to evaluate the report.
Mitglied seit Jan 11, 2019
140 Posts
Jan 21, 2019 at 08:16
Yes, I agree with your approach. A trader must trade in demo account because though it is a virtual thing, it prepares for the real forex market. The demo account is very helpful if you trade thinking the money you have in this account is real. In order to avoid loss, we must trade in a demo account to learn about the trading styles and strategies. With the demo account, we can learn about making profit and losses by setting different leverage, SL/TP, margins. You get to know about spreads, broker’s commission, swap charges on different instruments. You are able to get the scenario of a market in a better way that too without losing a penny. Once you get comfortable with market conditions and volatility, you become confident about your own trading styles and strategies you can continue to trade on the live account. However, a demo account is not only for newcomers, but you can also always make trades on the demo account before executing them on the live environment to get the clear version.
Mitglied seit Jan 23, 2019
9 Posts
Jan 24, 2019 at 08:13
I think it is. So many robots are junk. You need to try it on demo first to make sure it will not wipe out your account. Use demo for 1 or 2 months and then try a real account on a small Lot size. Play it safe is the best way
forex_trader_436974
Mitglied seit Jun 13, 2017
51 Posts
Jan 29, 2019 at 07:42
Pacifico posted:
Do you think that a demo account is needed if you are using a Forex robot? I assume that if I buy a good Forex robot then it will be good to go straight on a live account?
A demo account is equally important for testing a robot. The trick is knowing a good robot vs. a bad. If it's a commercial robot you can't go by their web page. ALL robots claim they will make MILLIONS with ZERO risk!! Even if you get one with good reviews on 3rd party sites, like MyFXBook, you'll still want to test for several months minimum. I know of no robots that don't have a weakness. The difference between a good robot and a bad is how easily that weakness is manifested.
Mitglied seit Jan 21, 2019
13 Posts
Feb 01, 2019 at 11:49
ForexScreamer posted:Pacifico posted:
Do you think that a demo account is needed if you are using a Forex robot? I assume that if I buy a good Forex robot then it will be good to go straight on a live account?
A demo account is equally important for testing a robot. The trick is knowing a good robot vs. a bad. If it's a commercial robot you can't go by their web page. ALL robots claim they will make MILLIONS with ZERO risk!! Even if you get one with good reviews on 3rd party sites, like MyFXBook, you'll still want to test for several months minimum. I know of no robots that don't have a weakness. The difference between a good robot and a bad is how easily that weakness is manifested.
I never believe all that marketing BS...if your robot makes millions why are you sharing it for £199 LOL
Feb 04, 2019 at 12:37
There are some robots that work but they are the ones advertising good but not ridiculous results. It is usually easy to identify the scam websites because they claim they will make you a millionaire and have a 100% win rate. I would much rather use an EA that claims a 60% win rate and a few hundred pips a month. That is more likely to be the real deal
Mitglied seit Feb 22, 2011
4573 Posts
Feb 04, 2019 at 14:48
3 months on demo is fine
as long as you have consistent results
as long as you have consistent results
Feb 06, 2019 at 14:55
Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.
Feb 13, 2019 at 07:29
Mohammadi posted:yes, great...i think like this and i m doing demo for 2 yrs for buildup n correction my strategies n now i ready for real. Bcz i finalize my strategies. Every One must need to practice for long time for understand forex market...
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
Day by day having better, better and better...
Feb 20, 2019 at 07:08
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
Mitglied seit Feb 20, 2019
11 Posts
Feb 20, 2019 at 09:58
Imamul posted:
Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
How did that work for you? Are you now profitable?
