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Newcomers and demo trading
Membre depuis Jul 23, 2020
posts 696
Dec 28, 2020 at 01:30
Membre depuis Jul 23, 2020
posts 696
Bunaya posted:
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
Demo account is quite helpful especially for new trader to learn trading without investing or losing money.
Membre depuis Jun 15, 2020
posts 46
Dec 28, 2020 at 04:03
Membre depuis Jun 15, 2020
posts 46
mitchelstrack posted:inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
What’s the criteria here for classifying these brokers as good?
Fast orders/fills/executions. Good customer service.
Membre depuis Jan 11, 2019
posts 140
Membre depuis Feb 12, 2020
posts 11
Membre depuis Nov 17, 2020
posts 17
Membre depuis Jun 26, 2020
posts 323
Membre depuis Sep 12, 2017
posts 232
Jan 06, 2021 at 07:06
Membre depuis Sep 12, 2017
posts 232
Tradelist45 posted:
right now i am trading on demo and use there high leverage , actually this approach may be will help me when trading in a live to avoid unfortunate risk and losses.
its good for the demo to see if you can actually survive with this in the live account. this is a good approach
Membre depuis Mar 03, 2020
posts 6
Dec 09, 2021 at 08:17
Membre depuis Mar 28, 2021
posts 586
Demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , I suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.
Membre depuis Aug 05, 2021
posts 394
Dec 09, 2021 at 16:41
Membre depuis Aug 05, 2021
posts 394
There are some blind spots with demo accounts in terms of money management and trading from a psychological standpoint, but that doesn't cancel out all the other benefits of having such a hands on tool available. I definitely think beginners can avoid a lot of early losses by practicing and having that experience and being educated about other things that the demo doesn't cover.
Jan 16, 2022 at 15:49
Membre depuis Jul 19, 2020
posts 749
RobSchiz posted:Mariel23134 posted:
Thanks to the demo account, the trader can get an idea of his new trading system. Without losing your money in case of failure.
Yes. A new trader can improve his basic knowledge with the help of a demo account.
Demos are mandatory in order to understand the mechanism for trading functions. It's also a good way to evaluate your strategy. You aren't able to try your strategy by testing it directly on live accounts.
Jan 21, 2022 at 05:10
Membre depuis Jan 07, 2022
posts 16
Beginners should always practice on demo accounts that are offered by almost all the brokers. This is because it will give you an idea of how the platform functions, how you can use different tools and how you can make the best use of it.
Jan 21, 2022 at 18:38
Membre depuis Jun 06, 2020
posts 17
I believe that new traders have to start off from demo trading mainly because it will help them to understand what the market is and how to operate on the market. Basically, dmeo trading meets rookies with trading activity, moreover, it's free of charge, that makes this trading style unique in my opinion. No doubts, that sometimes rookies neglect demo trading because they're convinced that they can handle harsh conditions on the market on their own and as a rule they face unpleasant consequences of such ignorance. Trading activivity isn't about rushing at all. Traders must be patient and stay calm all the time.
Jan 21, 2022 at 21:31
Membre depuis Nov 29, 2020
posts 10
Demo trading does have some use, but it will definetely not make an experienced trader out of a newbie, that's for sure. Demo can teach you how to work with the platform and test some of the trading ideas, but it will never give you the real trading experience as demo trading lacks some very important things like spreads, slippages, requotes and psychological pressure which are integral parts of real trading. That is why if your goal is to trade your real money, you should trade microlots in the beginning and increase your position size gradually.
Membre depuis Jan 15, 2022
posts 4
Jan 25, 2022 at 05:16
Membre depuis Jan 10, 2022
posts 40
HeavLeighGill26 posted:
There are some blind spots with demo accounts in terms of money management and trading from a psychological standpoint, but that doesn't cancel out all the other benefits of having such a hands on tool available. I definitely think beginners can avoid a lot of early losses by practicing and having that experience and being educated about other things that the demo doesn't cover.
You are absolutely correct. Demo trading accounts do have their limitations. A trader is left off the actual psychological experience in demo trading but it is a great tool to make a beginner familiar with the platform and forex trading. Beginners should avail the benefits of a demo trading account before moving on to actual trading.
Membre depuis Jun 12, 2021
posts 132
Jan 27, 2022 at 20:51
Membre depuis Jul 28, 2020
posts 10
I think that I’m not psychologically ready for trading on a real account, so I trade on demo accounts with several brokers. I have a good imagination and can imagine how it could be when I would move to a real account. Besides this, I talk to traders I’m personally familiar. I ask them various questions about trading and they answer. It really helps to make some things clear.
When you trade on a demo account for a long time you perceive it as a toy. I feel it and I don’t like this feeling. The traders I’m familiar with told me that you may feel a strong fear when trading real money. I try to prepare myself for this. I think I will tray real trading in a couple of months.
When you trade on a demo account for a long time you perceive it as a toy. I feel it and I don’t like this feeling. The traders I’m familiar with told me that you may feel a strong fear when trading real money. I try to prepare myself for this. I think I will tray real trading in a couple of months.

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