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Importance of demo trading

Brel
Dec 21 2020 at 09:35
10 Posts
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.

Elena Triston (ele020)
Dec 22 2020 at 07:28
219 Posts
Demo trading can be used for learning new things even after trading on live account or after making profit. Trading on a demo account makes you familiar with the platform and helps in testing new strategies without risking the real money.

The more your practice, the more you learn.
Bradley88
Dec 23 2020 at 15:11
37 Posts
I would recommend demo trading for beginners because, in demo trading, a trader can test all the strategies.

But would also suggest not overstaying on it for a longer period because the live trading experience is when you will know if the strategy created will turn into profits.

ElliotCooke
Dec 23 2020 at 19:41
341 Posts
Brel posted:
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.

Yes. I completely agree with you. A demo account is the best way to learn and practice forex trading.

LeviSievwright5
Dec 24 2020 at 01:32
298 Posts
Demo trading is the first level of education. It is possible to gain a lot of knowledge by doing demo trading. As a trader, I first learned by doing demo trading.

AliaDare
Dec 25 2020 at 02:27
670 Posts
If you do demo trading, it is possible to gain profit in live trading by creating a strategy. Demo trading is the first part of education. The role of demo trading is a lot to gain knowledge.

Scarymaniak
Dec 30 2020 at 09:27
28 Posts
Demo trading is an important concept as it allows traders to practice their trades and understand them before trading live. The demo accounts are also good for testing different strategies without having to risk any actual money.

Dorigda
Dec 30 2020 at 13:18
83 Posts
Successful traders always take advantage of the opportunities that are presented in this plan before real trading, because these are opportunities to ascertain their abilities.

TroyS
Jan 02 at 05:27
17 Posts
Indeed demo is the best way to start one's journey as a forex trader. Some people don't believe too much in it, but believe me when i say no one should risk their real funds before practicing for sometime on demo account.

Gracewilson1995
Jan 02 at 08:42
147 Posts
According to me, the experience of trading on demo and live account is totally different.

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