Dec 07 2021 at 18:12
You absolutely must back and forward test a strategy before you start using it in the live markets on a real account which is what a demo is, you must know that you will never be ready to trade a real account, you will never be qualified to trade a real account until you have actually traded that real account and proven to be consistently profitable. It is important that you are profitable on a demo before you start trading for real but being profitable on demo does not guarantee that you will be profitable on a real account.
Karen,your right regarding using the Demo/Sim. But
If your profitable on a demo there is no reason you will not be profitable on a live account.
Unless,
Psychology/ mind set / read Steve Wards books on that.
Your Broker is ok on the demo,but pissing you about on a live account ?
If your profitable on a demo there is no reason you will not be profitable on a live account.
Unless,
Psychology/ mind set / read Steve Wards books on that.
Your Broker is ok on the demo,but pissing you about on a live account ?
Not Specified
it all depends on you, I never understood such questions, you need to understand everything by yourself
Demo trading is a great way to get started in forex trading. It allows you to trade in a simulated environment, which is very close to the real thing, without the risk of losing real money. It is a great way to get used to trading strategies and analyze the market before making actual trades with your real money.
Dec 10 2021 at 07:26
A demo can help in building different strategies and skill developments to trade using a real account but live trading experience with a real account is needed to gain better profits and limit the loss of capital.
Dec 20 2021 at 05:40
Demo trading is helpful for preparing traders with the right set of trading skills and strategies. But surely it’s not enough. Traders need to have risk management because in demo some traders ignore that. Besides that, traders need to be more emotionally aware to make profits.
Dec 23 2021 at 11:23
i love doing demo account because this trading platform always gives me live knowledge and experience even though there is no real money.
Dec 23 2021 at 14:27
I am not a fan of judging an EA by its backtesting as there is too much artificial curve fitting to make it look it as good as possible but falters long term under real world conditions. I've seen many an EA like that. For me, my EA has been forward tested since 2018 on demo accounts to see if it is generally viable theoretically for more than a year. Once it was after 3 years, I put my own money on real money trade accounts with my broker which I have publicly posted my results on my profile. My demo accounts are still active till this day and compared to my real money accounts, the trading records between the both of them slightly differ, but not materially.
Integrity is the seed for achievement. It is the principle that never fails. - Earl Nightingale
For work, this stage is simply necessary. In any other way, it is simply impossible to obtain a positive result.
demo is important there is no way to deny , but the main problem is when you try in a real account , the demos experience will not work at all.
Demo trading is beneficial prior to go live with trading. However, demo trading should be conducted in accordance with specific guidelines and risk management guidelines.
Jan 11 2022 at 15:56
'Trading in demo accounts with better strategies, gaining experience and profits will provide confidence in new traders to start with live trading account with actual money and low risk involved.
Starting with a demo account is essential for any new trader.'
Starting with a demo account is essential for any new trader.'
It's enough, however you should also learn theory because it also matters a lot. In my opinion, new traders have to get acquainted with the theory first and only thn they can choose a broker and start trading on demo account. Everything because theory gives you an opportunity to start learning how to trade. Of course, some tradesr prefer practicing without learning various features of trading activity, nevertheless I personally can't consider this way as successful one. Moreover, if ou wnat to become a successful trader in future, you are obliged to be acquianted with theoretical part of trading.
Jan 22 2022 at 13:37
It's enough but of course you have to master your skills due to simultaneous learning. I know that even professional traders continue master their skills with learning even if they have constant profits on the market. Here everything because forex trading develops daily and there are plenty of things which appear daily. In my opinion, demo trading is cool, it meets you with trading activity and let you understand how the forex market works. In other cases, demo trading is useless. The matter here is your practicing on a real account and daily exploration of various new things on the market.
Definitely yes! Success can be achieved in this way, and nothing else! You need to pay attention to this.
Jan 23 2022 at 07:54
the result of trading demo can be useless if you not trade in there with more focus , so be careful when trading even though there is no real money.
I think that there’s no alternative to demo trading. I also trade on a demo account and I already see that it teaches much better than watching video guides from various gurus, reading thematic articles, etc. I think only trading on a real account could be better in terms of gaining experience, but I will do it later. I want to practice more trading strategies before shifting to a real account. I do believe that a real account will teach me more but I feel I should have more practice on a demo account before I start risking my real capital.
Many a broker fails to provide traders with the required amount of security and never make sure instant support. These brokers also make issues at the time of withdrawing money.
Trading on a demo account can help a trader understand the forex market and the broker's platform.
However, demo cannot help in skill development; taking a few risks, such as trading live with a small account, can.
However, demo cannot help in skill development; taking a few risks, such as trading live with a small account, can.
