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Importance of demo trading
Mitglied seit Jun 26, 2020
323 Posts
Feb 08, 2021 at 04:06
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Feb 08, 2021 at 06:03
Tradelist45 posted:
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant "Micro account instead of Standard"
The more your practice, the more you learn.
Mitglied seit Jan 22, 2021
126 Posts
Feb 11, 2021 at 09:25
I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.
Feb 17, 2021 at 05:21
KnowFinance posted:
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
Yes, this is why I always suggest beginners to trade on a demo account first. Great way to practice and become known to the markets, without the risk of losing any funds.
Feb 22, 2021 at 08:50
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, 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.
Mitglied seit Jan 01, 2021
11 Posts
Apr 02, 2021 at 10:31
Demos are very good for practising and making sure traders don’t end up losing their money in an instant while trading live.
Mitglied seit Aug 27, 2017
875 Posts
Apr 02, 2021 at 10:50
in Forex trading traders use demo according to their need , most beginners use this platform when start trading after basic knowledge , its the master place to practice in a proper way , it should not be ignored.
keeping patience.......
Mitglied seit Jun 03, 2021
6 Posts
Jun 05, 2021 at 13:03
For me, demo trading is so useless (in my experience, at least). It's really only useful for familiarizing yourself with the platform, but with regard to actual trading, hasn't been that helpful for me. I mean, for real though, no one takes play money seriously lol. Dip your feet in the water! You can always start small, then just gradually increase it as you gain more experience.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Mitglied seit Jul 23, 2020
816 Posts
Jun 09, 2021 at 05:52
It is free and traders can test real trading without any money.
Mitglied seit Mar 17, 2021
494 Posts
Jun 12, 2021 at 17:28
LyudmilLukanov posted:
It is free and traders can test real trading without any money.
Yes. a demo can be very effective to learn forex properly.
Mitglied seit Apr 28, 2021
8 Posts
Jun 14, 2021 at 10:23
I use demo now as well. it is the best. I can try different EAs and my own trades risk free. No point losing money unnecessarily
Mitglied seit Aug 27, 2017
875 Posts
Jun 15, 2021 at 08:22
its a very good decision, demo is really important but honestly
speaking sometimes the experience we take from the demo not works in a real account.
speaking sometimes the experience we take from the demo not works in a real account.
keeping patience.......
