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Is demo trading enough before real account?
Mitglied seit Jun 22, 2020
69 Posts
Oct 29, 2020 at 11:15
Kazile posted:
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
Absolutely. I strongly believe in having a solid trading plan.
Mitglied seit Nov 03, 2020
63 Posts
Nov 03, 2020 at 14:25
After some practice on a demo account, it becomes much easier to trade on a live account
Mitglied seit Apr 09, 2018
37 Posts
Nov 04, 2020 at 15:03
If you can't post a consistent profit on demo there is no way you will do it live. Just because you post a consistent profit on demo doesn't mean you can do it live. Demo is where to start, but transition from demo to live is just as hard if not harder than posting consistent profits on demo. Live trading changes a lot of things.
Mitglied seit Mar 17, 2021
494 Posts
Mar 30, 2021 at 09:20
Tiffany07 posted:
Yes demo is important before one goes live. However one must practice for a good time before they go live.
You are right. Every new trader should practice on a demo before going live.
Mitglied seit Jul 23, 2020
816 Posts
Apr 06, 2021 at 17:54
Demo trading is not enough in term of trading psychology. Traders also need real trading.
Mitglied seit Nov 03, 2020
63 Posts
May 11, 2021 at 08:30
In fact, practicing on a demo account can give you a good enough foundation, everything and experience to switch to a real account.
May 13, 2021 at 15:54
The demo trading is a helpful tool to learn about live forex trades, but it also requires knowledge, focus, strategy and risk-taking skills to enter live trading because demo is risk-free. It can only give you a risk-free practical experience, but real emotions and risks are involved when trading live.
