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Importance of demo trading
Membre depuis Jun 26, 2020
posts 327
Feb 08, 2021 at 06:03
Membre depuis Apr 15, 2020
posts 219
Tradelist45 posted: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'
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.
The more your practice, the more you learn.
Membre depuis Jan 22, 2021
posts 125
Feb 11, 2021 at 09:25
Membre depuis Jan 22, 2021
posts 125
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.
Feb 17, 2021 at 05:21
Membre depuis Nov 19, 2020
posts 104
KnowFinance posted: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.
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
Feb 22, 2021 at 08:50
Membre depuis Dec 28, 2020
posts 187
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 Jan 01, 2021
posts 12
Membre depuis Aug 27, 2017
posts 994
Membre depuis Jun 03, 2021
posts 6
Jun 05, 2021 at 13:03
Membre depuis Jun 03, 2021
posts 6
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
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Membre depuis Apr 28, 2021
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