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Purpose of demo trading

robindude
Feb 02 at 12:15
posts 103
Yes, demo trading is very useful, not only because how you can try to strategize and improve your strategy but also try to implement the new strategy into trading so that you can always get better in future, but it is not same as live trading because there is no psychology factor putting in to it

Sar John (Sarjohn)
Feb 05 at 08:45
posts 187
Demo trading is the best way to learn Forex, it helps to learn about the platform, how to open and close positions, place orders, observe your mistakes and then make a strong trading strategy before going to a live account.

illscarce874
Feb 08 at 13:10
posts 24
LyudmilLukanov posted:
It is a risk-free account designed to practice trading without losing any money. It is best way to start trading.

Yes Demo trade is a boon for new traders. It is like we are test driving a car without actually owning the car. It is completely risk free and without charges.

Joz8
Feb 09 at 05:08
posts 102
illscarce874 posted:
Yes Demo trade is a boon for new traders. It is like we are test driving a car without actually owning the car. It is completely risk free and without charges.

Yup! Great for practice, but without any cost.

layerchazard
Feb 09 at 05:09
posts 15
I do agree demo trading can help you to get into the business of trading and it will help you to judge a broker but you would not be able to understand the emotional aspects of trading. It is very important because your trades depend on the confidence you hold.

lovefortrading (perryjohn765)
Feb 09 at 06:39
posts 238
the purpose of demo trading is to try and implement all the strategies and plans one wants to try in the real account without losing the money.

yana hansen (78678676)
Feb 09 at 10:52
posts 137
illscarce874 posted:
LyudmilLukanov posted:
It is a risk-free account designed to practice trading without losing any money. It is best way to start trading.

Yes Demo trade is a boon for new traders. It is like we are test driving a car without actually owning the car. It is completely risk free and without charges.

   That’s an apt explanation.

illscarce874
Feb 09 at 12:57
posts 24
layerchazard posted:
I do agree demo trading can help you to get into the business of trading and it will help you to judge a broker but you would not be able to understand the emotional aspects of trading. It is very important because your trades depend on the confidence you hold.

Yeah, but there are many people in the market who do not know the meaning of the simple terms and charting techniques. When I started trading in the markets I did not know the meaning of the M1 charts. I started a demo with many brokers like etrade, ig, fxview and cityindex which helped me get familiar with a lot of things. So I think they are extremely important.

Mauk
Feb 09 at 14:33
posts 73
Starting work with a demo account is the right decision, it will help to avoid many mistakes and I am very pleased that the Amarkets demo account and the real account are very similar and this gave me the opportunity to prepare well

forextrader777
Feb 11 at 09:00
posts 84
Demo trading allows you to trade on real trading platforms but with virtual money.
Here, you can practice forex trading. You can learn how to trade in the forex market but you don’t make or lose money. You can develop strategies and test those strategies.

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