Is demo trading enough before real account?

Kazile posted:
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.

Absolutely. I strongly believe in having a solid trading plan.

After some practice on a demo account, it becomes much easier to trade on a live account

Do not underestimate the demo account, with the help of it you can really prepare mentally and practically, and this is important.

If you can't post a consistent profit on demo there is no way you will do it live. Just because you post a consistent profit on demo doesn't mean you can do it live. Demo is where to start, but transition from demo to live is just as hard if not harder than posting consistent profits on demo. Live trading changes a lot of things.

sometimes really a bad joke but its a master place for beginners as first stage of trading.

I think it is enough.

Demo is necessary but not sufficient before going live. You need to educate yourself as well before going live. Risk management in particular is important when using real cash

Yes demo is important before one goes live. However one must practice for a good time before they go live.

Demo trading is very important. Other than that, you can read trading books or watch some youtube channels.

On a demo account, we are already using in practice everything that we learned earlier.

I personally think that many people underestimate the demo - account, it provides a lot of opportunities.

During practice on a demo account, you have the opportunity to try all your theoretical knowledge in practice.

Tiffany07 posted:
Yes demo is important before one goes live. However one must practice for a good time before they go live.

You are right. Every new trader should practice on a demo before going live.

When starting practice on a demo account, do not forget that you must continue learning.

Demo trading will give new traders the experience of live trading and lets traders familiarize themselves with the software platforms.

Demo trading is not enough in term of trading psychology. Traders also need real trading.

Demo trading is important, but no its is not enough. Forex is a huge market, and it keeps on developing, which is why traders keep learning new strategy and skills to earn profit in real account.

Demo isn't only for random trading. Demo is to practice what you've learned. Find out candlestick first. Then practice what you've learned.

In fact, practicing on a demo account can give you a good enough foundation, everything and experience to switch to a real account.