You do not have to worry about losing your money when you are demo trading. your demo account does not demonstrate to you industry standards to manage the sentiment fear. That's why you remain emotions while in demo. But when you come to live trading from demo trading, you brings emotions (the fear of losing and greed more more profit) with you. That's why the result between demo and real account is not the same.
demo is a perfect place where we can see how the strategies work , i always use this approach in demo , and this helps me a lot in real account to avoid unfortunate risk and losses.
Demo trading is devoid of emotions That's why making profit here is easier. It says us te importance of psychology. We need to be emotionless while trading. Open trade only when every aspects of your strategy is matching with the market.
Demo trading has got no money involved. So without any tension of losing money, one is able to trade with a little less stress, because of which demo trading feels easier.
I would say demo trading is not easy it's just risk-free as there is no real money included in the demo trading. Demo trading is basically to understand the trading for a newbie, testing your strategy or your EAs, and getting an introduction about the broker's services and trading conditions. Demo trading is as same as live trading just without the money.
On a demo account, you can get basic knowledge of trading on the exchange , and you can also test new trading systems without the risk of losing your account.
Sep 21 2020 at 10:08
Through demo trading, one can trade with virtual money and many brokers provides exact same conditions on demo account as their live ones.
Sep 21 2020 at 10:18
Because the real money is not involved.
I've said before that emotions don't usually work in demo trading. Demo trading has virtual money, it is not a problem to lose money, so emotions usually do not work. Many traders make a lot of profit in demo trading but they do not get good results whenever they go into real trading. Greed and fear can cause this problem.
Sep 22 2020 at 05:04
There are numerous factors which make demo trading easy;
1. Risk free: You can freely trade on the demo account without fearing to loose your deposit.
2. Learning platform: You can learn how to trade on the demo account as it is generally the replica of the live trading platform. Thus you get a better idea of what is going on in the market as it is clearly discounted on the demo charts as well.
3. Building and testing strategies: The demo set up works as a testing platform for your ea's, robots, strategies etc.
In short demo trading is easier when you are trading with a genuine broker (like Fxview, HYCM, Hotforex etc) who do not manupulate the prices and fetch similar price feeds and spreads on both demo and live accounts.
1. Risk free: You can freely trade on the demo account without fearing to loose your deposit.
2. Learning platform: You can learn how to trade on the demo account as it is generally the replica of the live trading platform. Thus you get a better idea of what is going on in the market as it is clearly discounted on the demo charts as well.
3. Building and testing strategies: The demo set up works as a testing platform for your ea's, robots, strategies etc.
In short demo trading is easier when you are trading with a genuine broker (like Fxview, HYCM, Hotforex etc) who do not manupulate the prices and fetch similar price feeds and spreads on both demo and live accounts.
The more your practice, the more you learn.
Demo is virtually the same account as a live account. So basically it is virtual money so you don't feel like it is your own money. This makes you more comfortable.
Never Ever Give Up
Sep 22 2020 at 05:31
I believe demo is easy as there is no pressure to lose the funds. it is same like you can practise on the nets but when its the match day you tend to get nervous and make mistakes.
Sep 22 2020 at 05:51
demo is easy , because we feel relax for all time when trading in demo account ,
but its true , we take very few knowledge from demo.
but its true , we take very few knowledge from demo.
Sep 22 2020 at 06:45
Demo seems easy because no funds are involved in demo trading and hence no emotions interfere. So it all seems easy. But when its a real account, scenario is different.
i took demo as a newcomer when started trading , took a lot of experience from here , but when trading started a live account honestly speaking it not worked.
VictorAxel posted:Yes, it is totally different.
Demo seems easy because no funds are involved in demo trading and hence no emotions interfere. So it all seems easy. But when its a real account, scenario is different.
Emotions, greed and lot other things mess up with a live account for most beginners.
Sep 24 2020 at 13:07
A demo account helps a trader to learn all the tools and techniques of forex properly and perfectly. It helps a trader to make money from this market easily and consistently.
Sep 24 2020 at 14:49
If you are doing great in demo and yet you can't do great in live account, then you should know you actually have not develops any strategy. When I traded my first demo decade ago, it took me more than a year to develop the strategy I'm using and keep updating as the market changes. Current demo I'm trading is being copied directly from the bank funds I'm trading due to I can't display such live accounts here. If you are trading demo,make sure you develop a strategy from there and apply it to live account it will work perfectly.
I agree with you that without a development and a good strategy, no result will be obtained on a real account, no matter how well everything turns out on a demo account.
Sep 25 2020 at 07:27
Dorigda posted:That is the point, develope a strategy from demo and take it to live, it works perfectly.
I agree with you that without a development and a good strategy, no result will be obtained on a real account, no matter how well everything turns out on a demo account.
