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Purpose of demo trading
Anggota Sejak Mar 17, 2021
536 pos
Anggota Sejak Apr 21, 2021
12 pos
Anggota Sejak Dec 15, 2019
20 pos
Oct 20, 2021 at 16:41
Anggota Sejak Dec 15, 2019
20 pos
The main goal of demo trading is to meet a trader with trading activity. It's a quite good instrument for acquiantance with various oeculiarities and features of trading activity. It literally teaches you how to trade. It's a great empirical method I guess. There are no alternatives to it. Even if you will watch some videos where traders make traders, it won't give you such experience as your own demo-trading will. In my opinion, the main two things in the process of learning trading activity are theory (videos,courses,information) and demo-trading. All brokers offer such a function. You can also create, edit and test strategies on demo account.
Anggota Sejak Jun 17, 2021
12 pos
Anggota Sejak Jun 14, 2021
53 pos
Oct 26, 2021 at 04:42
Anggota Sejak Jun 14, 2021
53 pos
Demo accounts offer an opportunity for traders who are interested in learning more about forex trading or who want to test out a new type of trading strategy without putting their money at risk. But it will not give you the experience of actually trading.
Oct 26, 2021 at 07:01
Anggota Sejak Mar 28, 2021
617 pos
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Anggota Sejak Apr 09, 2019
538 pos
Anggota Sejak Jun 14, 2021
53 pos
Oct 28, 2021 at 04:42
Anggota Sejak Jun 14, 2021
53 pos
Akasuki posted:Absolutely, I would just say that a demo trader need to however keep trading realistic, and not use a bigger amount in demo when in live he would be using a smaller account.
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Anggota Sejak Jun 19, 2020
38 pos
Oct 28, 2021 at 09:29
Anggota Sejak Jul 19, 2020
751 pos
@Willowerno Without Demo trading if anyone wants to Forex trading, he has to lose a lot of money just to get basic ideas of how trading works.
Oct 28, 2021 at 23:07
Anggota Sejak Apr 03, 2021
470 pos
Although beginner traders can jump to use the real account, however, it's not good to step, and maybe will close to suicide account, trading forex looks simple in theory, but actually complex and complicated in reality, this is need skill to work profitable, demo account is a good and free place to learn how to manage money and finding good and suitable trading strategy.
Anggota Sejak Feb 20, 2021
53 pos
Anggota Sejak Aug 10, 2021
178 pos
Nov 01, 2021 at 01:34
Anggota Sejak Aug 10, 2021
178 pos
Demo accounts are meant for everyone, whether a newbie or an expert. While demo accounts can be used by any trader, it is best for newbies since they have little knowledge of forex, as well as, to learn how to minimize losses and maximize profits. Demo accounts are almost like real accounts. Their only difference is that they are not real.
Nov 01, 2021 at 07:18
Anggota Sejak Dec 09, 2013
139 pos
Michihito posted:Demo trading is something, which must be taken very seriously by every single Forex trader. A trader must devoted himself in demo trading at least for a year. He also is to make sure that he trades on demo as if he is trading on a live account. Once he is confident, he may switch to live trading. A demo account is still need to be maintained by a full time trader to check his strategies.
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
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