Importance of demo trading

On demo - accounts, sometimes very good contests are offered, which are quite interesting and then have a good influence on further trading, because some experience is gained.

Forex trading takes a lot of discipline. If you ever want to be successful as a forex trader, then starting out as a demo trader is the best education you can give yourself. Once you feel confident of your skills and strategies, you can move on to live trading.

Demo trading is always an importance when it comes to newbie because it helps you to strategize and improve your strategy that you have implemented in your trading.

Demo trading is very useful for new traders. It is the best option to practice and learn forex trading.

Demo trading is a must to gain trading experience. Basic knowledge cannot be acquired without demo trading. When I join new trading, I can develop skills by doing demo trading for a long time. Every new trader should have at least 6 months of demo practice.

Demo is the best wat to step into the forex trading world. Beginners should spend atleast 5-6 months practicing on it before switching to a real account.

True! Demo accounts work great for familiarizing a new trader with the market. Even I started trading through paper currency on the demo accounts of IG and Fxview. And I still use them for testing out new strategies before applying them on my live Fxview account.

Yup demo is the best way to begin forex trading for a beginner. It makes you familiar as to how the trading platform works and you can even back test strategies on it.

rosellemunsays posted:
I am using MT4/Mt5 demos with IFC markets. I doubt if I will ever get to evaluate fxview. They have some issues with their account creation process.

Shouldn't be a problem with a demo account atleast. Btw, what’s the issue?

rosellemunsays posted:

Not the demo, but the live one. I tried twice to create my account but rejected both times. Filled in the info correctly as well.

Might i know if you are trying from US? If yes, please note, fxview doesn’t accept US residents.

You most likely should contact support to solve this problem, because when I went through the registration of the Amarkets broker, I never had any problems.

One gets a fair idea of how it is gonna feel like in real trading to some extent.

Ok, we must and all ways DEMO and test our trading plans, only go live when you constantly winnings for at 120 days.. t

It seems to me that without a demo account it was quite difficult to immediately navigate a real account and study trading.

demo accounts are the exact replicas of live accounts, and present real market conditions and one can practice as long as he/she wants.

Consider contacting the customer support. They will be able to help you better.

Amber_0302 posted:
demo accounts are the exact replicas of live accounts, and present real market conditions and one can practice as long as he/she wants.

Yes, good for practice.
But since funds aren't involved, effect of emotions is least in demo. The trading experience is too different from live.

A demo account is the best way to learn forex trading properly and perfectly.

yes demo is good but honestly speaking most
of us especially the beginners dont believe the importance of this tradig place at all.