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Is demo trading enough before real account?

SteveHanks
Aug 31 at 07:51
posts 458
Williamfreed posted:
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.

Demo trading is the best place to learn and practice.

Jordan5ith
Aug 31 at 10:25
posts 28
Demo trading is important before live trading to understand the forex market and familiarize the broker's software platforms, but demo alone cannot make you well experience.

Trading live with lower capital and taking certain risks is also important to build new skills and grow forex knowledge to make consistent profits.

croisssan
Aug 31 at 11:43
posts 500
For me, this is the only option if a trader wants to be successful in this industry.

ed1989
Aug 31 at 11:53
posts 9
I used a demo account first off and forums to get advice from others

Emma Marie (reillygirl90)
Aug 31 at 12:50
posts 3
Demoing first is a wise decision and i still use demo to modify my strategy

Unellene
Aug 31 at 13:44
posts 283
demo account is of course good, but there is still a lot to understand and learn, theory is also important

Kalestont
Nov 16 at 08:30
posts 13
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.

CraigMcG2020
Nov 16 at 08:34
posts 166
Kalestont posted:
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.


I agree, it absolutely gives something to new and experienced traders. It is key to use it when you want to tweak a strategy or learning a new one. It is not the full answer to successful trading but makes a big difference imo

Daniel993
Nov 17 at 06:55
posts 38
Demo trading lets beginners learn the basics of forex trading and understand brokers trading platforms.

To gain live experience, demo trading is enough, but there is no end to learning in forex because there is consistent development in skill and strategy.

Adribaasmet
Nov 17 at 11:05
posts 951
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.

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