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The demo account is the master
Feb 26, 2021 at 14:06
Miembro desde Jul 19, 2020
posts 310
The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.
Miembro desde Oct 26, 2020
posts 30
Mar 04, 2021 at 11:28
Miembro desde Oct 26, 2020
posts 30
UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Miembro desde Oct 26, 2020
posts 30
Mar 05, 2021 at 11:40
Miembro desde Oct 26, 2020
posts 30
carolehaye posted:sailingconsist posted:UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Which ones did you use? I can’t seem to settle on one….
That’s something that all traders have encountered. What to do? There are so many choices! I had used Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.
Miembro desde Dec 14, 2020
posts 16
Mar 06, 2021 at 03:57
Miembro desde Dec 14, 2020
posts 16
sailingconsist posted:carolehaye posted:sailingconsist posted:UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
If it wasn’t for my demo account I would have never made it this far!
Which ones did you use? I can’t seem to settle on one….
That’s something that all traders have encountered. What to do? There are so many choices! I had used Fxview and Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.
Thanks for replying mate. I am trying my hand at scalping….
Miembro desde Jul 23, 2020
posts 816
Mar 12, 2021 at 04:02
Miembro desde Jul 23, 2020
posts 816
josejames posted:
Demo accounts work great for both new and professional traders. You can test as many strategies as you want on your demo account before risking your money.
Traders can also test broker services in demo account without investing money.
Miembro desde Jul 23, 2020
posts 696
Mar 12, 2021 at 04:16
Miembro desde Jul 23, 2020
posts 696
AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
Miembro desde Aug 27, 2017
posts 875
Miembro desde Sep 12, 2017
posts 232
Miembro desde Jun 26, 2020
posts 323
Miembro desde Mar 13, 2018
posts 13
Mar 15, 2021 at 16:44
Miembro desde Jul 19, 2020
posts 742
SofieAndreasen posted:AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
If you trade with the original money, the fear of losing that money is in the minds. And when it comes to demo trading, it seems that there is no problem even if you don't lose the original money. I can't talk to anyone else I shared my experience.
Mar 15, 2021 at 16:51
Miembro desde Jul 19, 2020
posts 742
Antonio_K posted:SofieAndreasen posted:AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.
However, demo traders lack emotion. So, you cannot learn everything in the demo account.
True, because emotions intervene only when actual monye is involved, thats why demo seems way too easy as compared to real account trading.
I wanted to point out that demo trading is less important because of which there is no loss or gain emotionally. But if that is the original money, then emotionally it can be a bit of a problem.
Miembro desde Nov 06, 2018
posts 81

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