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DEMO ACCOUNT vs LIVE ACCOUNT

Pro Trader (essenn)
Mar 21 2013 at 14:50
posts 36
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁

Accurate "Money Management" Eliminates Account Blowup / Managed Entry Prevents hiting "Stop Losses" / Calculated "Trailing Stops" Keeps Position intact / Watch your "Take Profit" takes care of it Self...
Curran (sareen)
Mar 21 2013 at 18:59
posts 63
There's a conundrum that surrounds the financial markets being that if you participate, the market players will always catch you out. In the Forex market this is also the case IF you do not know enough about how it all works and how the big fish make the bucks. However, I am not a big fan of demo accounts because the fear of losing money is removed and therefore you cannot train yourself to let go of that fear. I would usually backtest an EA or strategy first, demo trade for a maximum of two months and then put it to the real market with tiny risk (starting off with micro lots). I think participation in the market is essential to your learning process. Demo accounts are better than doing nothing but the transition from demo to live is too large.

When you lose, don't lose the Lesson
FXRX
May 05 2013 at 06:50
posts 70
I think demo accounts are fairly close to real account unless the strategy being used is spread sensitive. Demo accounts have the advantage of never having requotes from the broker whereas real accounts do.

You win some, you lose some.
Pro Trader (essenn)
May 05 2013 at 14:16
posts 36
@FXRX spread sensitivity does come into play in a real account, but if you get a re quote it's better to forfeit that trade that taking the added risk.

Accurate "Money Management" Eliminates Account Blowup / Managed Entry Prevents hiting "Stop Losses" / Calculated "Trailing Stops" Keeps Position intact / Watch your "Take Profit" takes care of it Self...
IztokV
May 05 2013 at 20:50
posts 14
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁


It's true, you mentioned 'Pro trader' and ' well designed EA' but somehow, I'm still sceptic about title dilema.

Why ?

Becouse I simple can't explaine this to myselve :

https://www.myfxbook.com/members/IztokV/demo-jpd/554840/RarFiDStkyV7zMPFM51l

CrazyTraderfx (CrazyTrader)
May 05 2013 at 21:17
posts 1718
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁


What is your personnal experience? I guess you have never traded live???

C (CESTRADES)
May 05 2013 at 23:44
posts 29
I agree with testing a system on demo and applying it live, I use the demo periodically for that purpose, recently I have been trading only live, works out well. I advise to anyone attempting making money trading, take $100, open an account and turn it into $200 and keep it consistently, 6mos-year, then your ready to take 5k into 10k and so on. Turning 100 into 200 is not easy, nor is the other, but great place to start and find out your real skill level without breaking the bank out of the shoot.

Pro Trader (essenn)
May 06 2013 at 05:35
posts 36
Good luck trading without Stoploss,

 is your system EA or Manual?

Accurate "Money Management" Eliminates Account Blowup / Managed Entry Prevents hiting "Stop Losses" / Calculated "Trailing Stops" Keeps Position intact / Watch your "Take Profit" takes care of it Self...
Pro Trader (essenn)
May 06 2013 at 05:36
posts 36
@CrazyTrader yes i have traded live, the only difference is re quote, everyone has different opinion

Accurate "Money Management" Eliminates Account Blowup / Managed Entry Prevents hiting "Stop Losses" / Calculated "Trailing Stops" Keeps Position intact / Watch your "Take Profit" takes care of it Self...
Pro Trader (essenn)
May 06 2013 at 06:04
posts 36
@CrazyTrader go to

Subscribe to my signal, i also have a live account am working on.

Accurate "Money Management" Eliminates Account Blowup / Managed Entry Prevents hiting "Stop Losses" / Calculated "Trailing Stops" Keeps Position intact / Watch your "Take Profit" takes care of it Self...
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