Importance of demo trading

Oct 17, 2017 at 06:32
6,188 Angesehen
128 Replies
Mitglied seit Jun 15, 2021   9 Posts
Jun 15, 2021 at 09:11
I consider demo trading as one of the important steps that a trader should perform before going into live trading. Trading on demo accounts will give you a better understanding of the market and will also help in identifying risks that can be avoided while making live trades.
Mitglied seit Jun 15, 2021   8 Posts
Jun 15, 2021 at 09:41
I do not know why people still ask about the importance of demo it is obviously the most important part of learning to trade. If you don't get that then give up
Mitglied seit Jun 30, 2020   90 Posts
Jun 27, 2021 at 10:56
For some reason, some people think that they can do without a demo account and immediately start trading on a real account, this self-confidence often has a detrimental effect on trading.
Mitglied seit Dec 26, 2019   20 Posts
Jun 30, 2021 at 16:25
I also support the idea that demo account can be useful for the newbies. There are so many people nowadays who claim that using demo account is waste of time. Surely, you won't get the same feelings with the real account but you can still test new strategies and get used to the terminal you want to use. That is the most frustrating thing when you want to open the dead quickly but you are not quite sure which button to press. I believe that it is essential to master the terminal so that you can operate it automatically.
Mitglied seit Aug 09, 2017   785 Posts
Jul 01, 2021 at 06:50
the knowledge we take from demo account actually not works in a real account , this is the main problem we have from all.
Mitglied seit Feb 20, 2021   13 Posts
Jul 02, 2021 at 09:37
Demo trading is not just important for learning forex trading, they actually give the original trading atmosphere which learners can feel for free without risking any real money. Demo trading feature is a gift for beginners in my view.
Mitglied seit Mar 17, 2021   536 Posts
Dec 06, 2021 at 19:10
Imamul posted:
the knowledge we take from demo account actually not works in a real account , this is the main problem we have from all.
A demo is the best place for practicing and learning.
Mitglied seit Nov 23, 2021   24 Posts
Dec 10, 2021 at 05:54
Trading with a demo account is a smart way to learn the Forex market. A demo account is a great way to get started without having to risk money. A demo account does not require you to deposit any funds, and this allows you to get a feel for how the forex market works.
Mitglied seit Aug 19, 2021   9 Posts
Dec 10, 2021 at 15:54
traderjakelong posted:
Trading with a demo account is a smart way to learn the Forex market. A demo account is a great way to get started without having to risk money. A demo account does not require you to deposit any funds, and this allows you to get a feel for how the forex market works.

Couldn't say it any better. Demo trading is the king of education
Mitglied seit Mar 16, 2021   477 Posts
Dec 11, 2021 at 08:47
Anayalmeena posted:
I also support the idea that demo account can be useful for the newbies. There are so many people nowadays who claim that using demo account is waste of time. Surely, you won't get the same feelings with the real account but you can still test new strategies and get used to the terminal you want to use. That is the most frustrating thing when you want to open the dead quickly but you are not quite sure which button to press. I believe that it is essential to master the terminal so that you can operate it automatically.
Not just new traders, many traders use demo platforms even though they have not been able to make a profit even though their experience is complete. It is a very good initiative to develop trading skills.
Mitglied seit Nov 12, 2021   1 Posts
Dec 12, 2021 at 13:09
Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks
Mitglied seit Mar 16, 2021   477 Posts
Dec 13, 2021 at 02:27
zalams posted:
Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks
You can take a cent account. And you can practice trade by managing risk management. And keep a positive mentality and meditate regularly, then you will get good results in live trading.
Mitglied seit Apr 26, 2015   17 Posts
Dec 13, 2021 at 12:36
It is useful to learn how to trade, but don't spend too much time on it, open a micro account and start learning how YOU react to the market, drawdown and bankroll management.
Mitglied seit Dec 13, 2021   32 Posts
Dec 17, 2021 at 05:35
A demo account is an account that is funded with virtual money. This type of account allows traders to test out strategies and trading techniques before they commit any real money to their accounts. Demo trading is a great way to learn about forex trading without risking any of your own money.
Mitglied seit Dec 14, 2021   46 Posts
Dec 17, 2021 at 05:53
Demo Account is the most practical way of learning the basics of trading without real money included. Demo accounts may not give you the real trading experience but it does make a base for you that helps you when you trade on a live account.
Mitglied seit Nov 23, 2021   34 Posts
Dec 17, 2021 at 13:17
A demo account can surely play an important role in your learning. It helps you cross the barrier of reading what forex trading is and what it really looks like. As you won’t be using any money, you will be free to apply as many strategies as you can without worrying about losing your money.
Mitglied seit Jul 19, 2020   751 Posts
Dec 24, 2021 at 02:38
Demo trading is very important. Many traders try to skip it and straightaway start live trading, but I think that's wrong
Mitglied seit Mar 28, 2021   617 Posts
Dec 24, 2021 at 03:52
I found trading a demo account useful for, Learning how to use the platform, Developing a strategy, Developing a daily routine (sleep, exercise, diet, screen time), Feeling emotional during drawdowns, and losing trades
Mitglied seit Jul 19, 2020   788 Posts
Dec 25, 2021 at 03:06
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Mitglied seit Mar 28, 2021   617 Posts
Jan 09, 2022 at 15:01
AliaDare posted:
Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.
Demo trading isn't for those who are proficient in trading. Demo accounts allow us to test our strategies and strategies. We can gain knowledge on how to implement our strategies through a demo.
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