Importance of demo trading
Jan 06, 2021 at 06:31
(bearbeitet Jan 06, 2021 at 06:31)
Malajind posted:Definitely its gives you an insight into the forex trading platform and you can definitely share strategies.
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.
Mitglied seit Jun 26, 2020
327 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: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'
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.
The more your practice, the more you learn.
Mitglied seit Jan 22, 2021
125 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: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.
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
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.
Mar 29, 2021 at 12:22
Mohammadi posted:Yes. You are right. To learn the trading, Demo account is the best option.
practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Mitglied seit Jan 01, 2021
12 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
994 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.
