The demo account is the master

Feb 26, 2021 at 14:06
Vues 1,836
36 Replies
Membre depuis Jun 26, 2020   posts 327
Mar 22, 2021 at 06:08
right now i am with demo account and practicing price action , it supports me to see the performance how it works .
Membre depuis Aug 11, 2017   posts 886
Mar 22, 2021 at 06:23
practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Membre depuis Sep 12, 2017   posts 238
Mar 22, 2021 at 07:50
Yes, the demo account can actually make you the master. it all depends on the level of seriousness.
Membre depuis Feb 16, 2019   posts 30
Mar 26, 2021 at 11:49
Michihito posted:
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.
you have to demo every strategy
Membre depuis Mar 16, 2021   posts 477
Mar 27, 2021 at 01:03
Demo trading can transform you from a normal trader to a professional trader. A perfect platform for gaining experience. A profitable strategy can be developed on that platform.
Membre depuis Jul 20, 2020   posts 399
Mar 27, 2021 at 14:32
Yes i agree completely. It is perfect for trialling a strategy and for working on entries. You will need to go live to help with psychology though
Membre depuis Jan 08, 2021   posts 15
Apr 05, 2021 at 10:50
That is a good strategy if you ask me, and I see no harm in testing your trades before going live. I trust demos as well.
Membre depuis Mar 17, 2021   posts 536
Apr 05, 2021 at 11:03
LukeRachel posted:
Demo trading can transform you from a normal trader to a professional trader. A perfect platform for gaining experience. A profitable strategy can be developed on that platform.
Yes. a demo can be the good option to learn and practice trading.
Membre depuis Mar 28, 2021   posts 617
Apr 06, 2021 at 10:27
Yes demo trading is important. We can't try a strategy directly into live account because we do not know how it will work for us. So it's safe to try any strategy on demo first.
Membre depuis Aug 11, 2017   posts 886
Apr 07, 2021 at 06:26
i always try to support micro account which is always supportive to bring live knowledge and experience.
Membre depuis Dec 21, 2020   posts 36
May 21, 2021 at 03:27
Demo account is really helpful for both new and old traders.
Membre depuis Jun 19, 2020   posts 38
Nov 01, 2021 at 05:31
New traders who do not practise demo trading are doomed to fail. Although demo trading is not exactly the same as real trading, it does prepare traders with good trading skills and strategies.
Membre depuis Dec 09, 2013   posts 139
Nov 01, 2021 at 07:36
Michihito posted:
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.
You are right on this note. I believe demo trading is a great option, which is a wonderful gift for the traders. We often ignore to deal with demo trading accordingly. If a trader trades on demo account to learn the ropes of this market, he should be able to be a good trader with very minimum damage.
Membre depuis Dec 09, 2013   posts 139
Nov 01, 2021 at 07:46
RobSchiz posted:
Fx_howie posted:
Demo account is really helpful for both new and old traders.
Demo account is the best place to practice as a newbie.
Yes, demo is the best place for a newbie to practice. However, I believe it is good option for an experienced trader as well. An experienced trader can test his new strategy on a demo account without having any loss, stress, tension.
Membre depuis Apr 09, 2019   posts 538
Nov 01, 2021 at 12:38
I will still take trades on a demo account after taking a live trade the same day. If I don't 'need' to trade live then I will do so on demo if only to build confirmation in my strategy. The demo trades will still get added to my journal as well.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Nov 01, 2021   posts 9
Nov 01, 2021 at 13:23
demo is the best way for testing new strategies and seeing what works and what does not
Membre depuis Mar 28, 2021   posts 617
Nov 04, 2021 at 13:59
@skihav Yes demo account is for learning and developing trading strategy and experimenting our skills for better development. It's not just to learn how to how to operate MT4 or other platforms.
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