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Is a demo account really neccassary?

davesper
Nov 01 2022 at 12:46
posts 134
I think that for a beginner this mode is extremely important. Because this is a very important task for learning.
jisanjipu
Nov 01 2022 at 13:38
posts 45
learning is important , but without any kind of regular practice any kind of learning can be useless. no way to deny at all.
Imamul
Nov 03 2022 at 11:59
posts 759
learning and practicing at the same time is really a challenging issue ,
Akasuki
Nov 04 2022 at 03:02
posts 617

You have to be flexible about Forex trading by accepting the market condition as it is and try to make the best use of both the market sides because you have the option to trade on both bearish and bullish market.
Eric (Goldbarrel)
Nov 04 2022 at 06:52
posts 22
On a demo account, you can try trading with different leverage.
Make money with people who know how to make money.
Baccasa34
Nov 04 2022 at 17:01
posts 75
Jumping directly on the live trading is the mistake that traders first commit. Traders should look for knowing the platform and understanding the market first and then they should jump into trading. Otherwise, gaining from the Forex market will be really difficult.
MythCloset
Nov 08 2022 at 09:22
posts 16
It’s up to the trader to choose if they wish to demo trade or directly start live trading. Many do and many don’t. Demo trading can help the trader understand the process, figure out their trading style and backtest different strategies to select the one that stands out the most. However, traders need to know that demo trading doesn’t prepare for real loss.
Baccasa34
Nov 09 2022 at 06:42
posts 75
Learn how to use indicators properly to forecast the market well. So, to do so, educate yourself with the best education
FredJones
Nov 11 2022 at 11:55
posts 51
Yes, for beginners and traders that are very new to forex trading, it is the best tool to use without risking any real money.

Traders can use it to develop various strategies, skills and become familiar with the broker's platforms & trading conditions.
AdomKutler
Nov 13 2022 at 06:40
posts 33
yes this is , without educate yourself there is no way to survive successfully , because every step is volatile in this trading area.
Faridah00
Nov 14 2022 at 10:17
posts 27
Yes! A demo account, in my opinion, is essential not only for new traders but also for experienced traders to practice trades and sharpen their skills.
Lerato_12
Nov 17 2022 at 10:50
posts 20
It boosts a person's self-confidence, and a demo account allows a trader to understand all of the technical aspects of the platform, such as different types of indicators and chart patterns, among other things. So, yes, a demo account is absolutely required before trading live on an account.
Imamul
Nov 18 2022 at 11:53
posts 759
siochauland posted:
Demo account is not necessary but it can help you understand the trading market in a better way, that too without risking your money. In my initial days, I demo traded for 3 months just to be confident enough before going ahead with the live accounts. I learned almost everything from trading to spreads and how actually the indicators are used. These things help you in your future.

this is a good answer , got some fine lines.
Eerid_219
Nov 22 2022 at 07:45
posts 21
No, it is totally your choice to practise on a demo account or not.
Flammeous
Nov 24 2022 at 07:52
posts 8
Demo accounts can be extremely beneficial to new traders. It can assist you in expanding your knowledge and expertise. Skipping practice on a demo account is not a good idea. Every new trader is advised to practise on a demo account in order to learn to trade in a more practical manner without losing hard earned money.
lucasser
Nov 25 2022 at 11:16
posts 36
A demo account is an excellent tool for learning and practicing buying and selling without risking real money. It may be extraordinarily beneficial for novices who need to understand how the forex marketplace works.
derrik_56
Nov 28 2022 at 11:21
posts 14
The demo account is really useful when it comes to trading it will give you a clear picture of the trading conditions and strategies.
Gasbag
Nov 29 2022 at 07:06
posts 27
I think demo trading is more like a practical learning session for a beginner. You should not risk real money in trading until you learn to trade properly on a demo account. Also, you should start with a small capital when you start trading on a real account.
Whereon
Dec 06 2022 at 05:53
posts 25
Yes, I think it is. Traders should practise and give themselves time to learn and understand their style and how they wish to move forward in their journey’s. Practising on a demo account can give the trader an idea of what they should expect during the process.
Tr_Sheenu014
Dec 14 2022 at 10:42
posts 20
Yes, in my opinion, a demo account is essential for learning about trading and polishing your skills.
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