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Demo can not make you well experienced
Member Since Apr 14, 2022
37 posts
Member Since Jul 23, 2020
869 posts
Oct 26, 2022 at 07:37
Member Since Sep 14, 2022
40 posts
tobeygomez posted:I believe a demo account helps to understand how the trading actually works by giving us exposure to tools and techniques. Developing strategies is good, but only live trading can reveal whether those strategies are effective.
In my view demo account make you well experience wot your own strategies.
Member Since Mar 17, 2022
47 posts
Dec 19, 2022 at 07:59
Member Since Jan 21, 2022
57 posts
FredJones posted:That’s the only reason demo accounts are worth it. Without taking on any real risks, backtesting and strategising is one way to give s newbie time to understand what they should be expecting from the process.
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
Dec 19, 2022 at 08:18
Member Since Mar 11, 2022
51 posts
FredJones posted:I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
Member Since Nov 29, 2022
40 posts
Dec 29, 2022 at 05:57
Member Since Nov 29, 2022
40 posts
It is true that demo trading can be a useful tool for new traders to gain experience and for experienced traders to test out new strategies. However, it is not perfect ; demo trading does not fully replicate the real trading environment and psychology plays a big role in live trading, which is missing in demo trading, so it is important for traders to be aware of this limitation and to be cautious when transitioning to live trading.
Dec 29, 2022 at 08:27
Member Since Mar 21, 2022
47 posts
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
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