Importance of demo trading

Oct 17, 2017 at 06:32
Vues 6,057
128 Replies
Membre depuis May 15, 2020   posts 23
Feb 06, 2021 at 07:09
Femilas posted:
The demo account is also a very good basis to overcome your fears.
Agreed, a great way to practice, test strategies and become more familiar to the market, without the risk of losing one's money.
Membre depuis Jun 26, 2020   posts 327
Feb 08, 2021 at 04:06
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Membre depuis Apr 15, 2020   posts 219
Feb 08, 2021 at 06:03
Tradelist45 posted:
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant 'Micro account instead of Standard'
The more your practice, the more you learn.
Membre depuis Jan 22, 2021   posts 125
Feb 11, 2021 at 09:25
I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.
Membre depuis Nov 19, 2020   posts 104
Feb 17, 2021 at 05:21
KnowFinance posted:
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
Yes, this is why I always suggest beginners to trade on a demo account first. Great way to practice and become known to the markets, without the risk of losing any funds.
Membre depuis Dec 28, 2020   posts 187
Feb 22, 2021 at 08:50
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Membre depuis May 13, 2020   posts 128
Mar 23, 2021 at 12:32
And most importantly, the demo version can help in the future, when we work on a real account, for example, to work out a new strategy.
Membre depuis Aug 28, 2020   posts 37
Mar 25, 2021 at 12:21
The demo account is the best tool for beginners to learn about forex market trades. Most importantly, the demo version can help in the future when beginners began to work on real accounts and develop strategies.
Membre depuis Mar 26, 2021   posts 29
Mar 26, 2021 at 13:43
The more time you spend on a demo account and carefully work through all the points, the easier it will be for a real account.
Membre depuis Mar 26, 2021   posts 2
Mar 26, 2021 at 15:01
I made good money on my demo now im urging to get on with the real thing
Membre depuis Mar 26, 2021   posts 2
Mar 26, 2021 at 15:17
BaldoN posted:
I would say demo is good to test strategy, but not to overstay on demo trading for a long period - just to avoid acquiring bad habits :)
yaaas
Membre depuis Aug 11, 2017   posts 886
Mar 28, 2021 at 07:45
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 Jan 01, 2021   posts 12
Apr 02, 2021 at 10:31
Demos are very good for practising and making sure traders don’t end up losing their money in an instant while trading live.
Membre depuis Aug 27, 2017   posts 994
Apr 02, 2021 at 10:50
in Forex trading traders use demo according to their need , most beginners use this platform when start trading after basic knowledge , its the master place to practice in a proper way , it should not be ignored.
Membre depuis Aug 26, 2020   posts 78
May 06, 2021 at 11:09
Demo account is a powerful platform for those who want to achieve results on a real platform
Membre depuis Jun 03, 2021   posts 6
Jun 05, 2021 at 13:03
For me, demo trading is so useless (in my experience, at least). It's really only useful for familiarizing yourself with the platform, but with regard to actual trading, hasn't been that helpful for me. I mean, for real though, no one takes play money seriously lol. Dip your feet in the water! You can always start small, then just gradually increase it as you gain more experience.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Membre depuis Jul 23, 2020   posts 869
Jun 09, 2021 at 05:52
It is free and traders can test real trading without any money.
Membre depuis Mar 17, 2021   posts 536
Jun 12, 2021 at 17:28
LyudmilLukanov posted:
It is free and traders can test real trading without any money.
Yes. a demo can be very effective to learn forex properly.
Membre depuis Apr 28, 2021   posts 9
Jun 14, 2021 at 10:23
I use demo now as well. it is the best. I can try different EAs and my own trades risk free. No point losing money unnecessarily
Membre depuis Aug 27, 2017   posts 994
Jun 15, 2021 at 08:22
its a very good decision, demo is really important but honestly
speaking sometimes the experience we take from the demo not works in a real account.
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