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Demo trading
Mitglied seit Dec 09, 2019
34 Posts
Apr 29, 2020 at 04:25
Draggyr posted:
I also used the demo in the beginning to become a little familiar with trading and see how it all works and if I like it before making a deposit to my account. It sounds like a very useful thing to me and I'm very glad that we are given the opportunity to 'test' a broker before deciding whether it's worth your time and your money at all.
It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.
Very good. It is not about being afraid to take risks as you know bigger risks = bigger pay off...it has more to do with not letting your account get wiped out.
Apr 29, 2020 at 07:42
PeteLanceley posted:
Demo trading can be good for testing out strategies, but you are never linked to the emotion of losing money. I would always recommend when you are confident to deposit a small amount and do tiny lot sizes. That way you can learn risk management, and accept losses/wins.
Right. since your emotions aren't involved in demo trading, making profits doesn't seem a big deal. Its only when you start live account trading that you realize that its much different than demo trading.
Mitglied seit Mar 27, 2020
9 Posts
Apr 29, 2020 at 11:29
There is an emotional difference but not a technical one. Demo is still best place to start
Mitglied seit Aug 27, 2017
875 Posts
May 18, 2020 at 19:06
testing in demo account is more appropriate and perfect decision but successful trader is an another part. its a long term process. be focused on practice.
keeping patience.......
Mitglied seit Aug 27, 2017
875 Posts
May 21, 2020 at 18:02
i am doing demo right now , importance is your own issue , its an inevitable part of trading before real account . thats why i am here.
keeping patience.......
Mitglied seit Jun 05, 2020
31 Posts
Jun 09, 2020 at 10:41
Dorigda posted:
Of course, trading on a demo account is not bad, but really interesting
It is good for practice, one can know the basics well with a demo account
Mitglied seit Feb 22, 2011
4573 Posts
Jun 09, 2020 at 13:56
Ebin posted:
Is it me or does anyone feel that trading in Demo for a long time is boring and wants you to start trading live but not sure if your ready to go live ?
Years ago, that was exactlly my dilema.
Demo trading for years had great results.
Friend of mine told me why don't you trade your strategies live?
So I took loan from the bank and started live.
I was able to repay that loan very first year :) But nowadays I wouldn't risk so much.
Mitglied seit Jun 09, 2020
14 Posts
Jun 17, 2020 at 17:05
Demo account is the mirror image of a live account. For beginners in forex trading, demo trading is the best as it will help the traders to learn how to trade and have some practical experience of trading. Before risking your own capital, you must have experience in it. Demo trading will also help you to see what all brokers offer in terms of spreads, leverage, trade execution speed and bonus, if any. Further, if you like the offerings of the broker you can continue to go live with that broker and try your trading plans and strategies over there with your real money.
Mitglied seit Jun 26, 2020
3 Posts
Jun 26, 2020 at 06:22
Hi to all,
i'm a newbie here and in this industry, so apologies if this seems a stupid question😄
Read a lot that demo trading is something different than real trading, even if you use the same broker, platform, trading with the same leverage and so on.
Is it true or not?
i'm a newbie here and in this industry, so apologies if this seems a stupid question😄
Read a lot that demo trading is something different than real trading, even if you use the same broker, platform, trading with the same leverage and so on.
Is it true or not?
Jun 26, 2020 at 07:16
Mohammadi posted:
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 ?
When I started trading I used demo account for 2 months to undertsand the strategy and techniques.
Mitglied seit Jul 20, 2020
172 Posts
Sep 02, 2020 at 18:59
Demo trading is very effective for the new traders to learn forex properly and perfectly. They can learn forex practically without any investment.
Mitglied seit Jul 23, 2020
696 Posts
Jul 09, 2021 at 10:20
The demo account is the best to improve your trading skill and it's free.
Mitglied seit Jul 23, 2020
816 Posts
Dec 28, 2021 at 16:02
The demo trading account works just like a real trading account. The difference is that you don't have the actual funds when trading with a demo account.
