Why demo is easy?
Member Since Sep 12, 2017
238 posts
Sep 25, 2020 at 09:35
It’s not about easy or hard, you are feeling easy just because your real money is not on the line. The moment your real money is into the market, you are under emotions and loose trades. Demo is easy in that way if you are learning trading in your early years. It is easy because you get to have real market experience with no real money on the line.
Member Since Jul 23, 2020
759 posts
Oct 03, 2020 at 17:48
perryjohn765 posted:You are right. Demo account will not teach you how to control emotion in trading. I recommend after demo account, invest small to learn about trading emotion.
It’s not about easy or hard, you are feeling easy just because your real money is not on the line. The moment your real money is into the market, you are under emotions and loose trades. Demo is easy in that way if you are learning trading in your early years. It is easy because you get to have real market experience with no real money on the line.
forex_trader_1786937
Member Since Aug 23, 2020
142 posts
Oct 04, 2020 at 08:04
SofieAndreasen posted:perryjohn765 posted:You are right. Demo account will not teach you how to control emotion in trading. I recommend after demo account, invest small to learn about trading emotion.
It’s not about easy or hard, you are feeling easy just because your real money is not on the line. The moment your real money is into the market, you are under emotions and loose trades. Demo is easy in that way if you are learning trading in your early years. It is easy because you get to have real market experience with no real money on the line.
Demo is never easy, if you are perfect in demo trading and can comfortably make profits, as long you are discipline, You will make it too in live.
I traded demo for complete 1 year consistently back in 2007 till 2008 when I got my first funding of over €200k, things changes from there and became proffesional trader having traded for various bank and private funds company.
Today I still trade on demo , but only when a client wants me to manage his/her live accounts on a broker I'm not familiar with, I simple open demo with that broker and run it copying from my live accounts to see how the broker speed performs.
Member Since Mar 16, 2020
54 posts
Oct 05, 2020 at 06:35
The only difference between demo and live account is of real money and when one start trading with real money then of course a fear set in and which can make you take few bad decisions and eventually impact your trading and in demo account if you're losing even you would not worry about anything.
forex_trader_1786937
Member Since Aug 23, 2020
142 posts
Oct 05, 2020 at 06:54
Amber_0302 posted:
The only difference between demo and live account is of real money and when one start trading with real money then of course a fear set in and which can make you take few bad decisions and eventually impact your trading and in demo account if you're losing even you would not worry about anything.
Train and kill your fears all in demo, and you will be totally fine doing live, my secret decade plus agom
Member Since Jul 19, 2020
318 posts
Oct 05, 2020 at 11:11
Demo account is very beneficial for the new traders. It will help them to learn forex perfectly and properly.
Member Since Jan 11, 2019
147 posts
Oct 05, 2020 at 12:38
UweMoench posted:
You do not have to worry about losing your money when you are demo trading. your demo account does not demonstrate to you industry standards to manage the sentiment fear. That's why you remain emotions while in demo. But when you come to live trading from demo trading, you brings emotions (the fear of losing and greed more more profit) with you. That's why the result between demo and real account is not the same.
I agree with you, the results in demo and live accounts are never same. The demo accounts are only helpful if take the virtual funds as serious as we take our funds and place the trades accordingly.
Member Since Aug 17, 2020
123 posts
Oct 05, 2020 at 13:04
Apart from not being able to experience the emotional side of trading, I do think demo trading is a very useful step in successfully putting your knowledge to action.
Oct 06, 2020 at 10:45
Demo trading is a platform where you practice, and practice prepares you for the reality, but what practice doesn't include is unforeseen obstacles which are surely their when you get into the the real word. Similarly when it comes to trading, demo is easy because you don't actually loose your money its just the virtual money with which you play.
The more your practice, the more you learn.
Member Since Jul 19, 2020
318 posts
Oct 06, 2020 at 11:58
Demo is easy because it has no risks and it can be operated without any investment.
Member Since Aug 17, 2020
123 posts
Oct 09, 2020 at 18:39
Mohammadi posted:
honestly speaking , i trade most of the time in demo ,
but the knowledge i have gained i fail to use that when trade in a real account.
If you don't mind my asking, what is it that you find harder when trading with a real account? Is it the emotions of trading, or something else?
Member Since Jan 11, 2019
147 posts
Oct 21, 2020 at 07:53
Michihito posted:
Demo trading is devoid of emotions That's why making profit here is easier. It says us te importance of psychology. We need to be emotionless while trading. Open trade only when every aspects of your strategy is matching with the market.
Demo trading is helful if we trade on demo account with same emotions as we do on live account.
Member Since Jul 20, 2019
373 posts
Oct 21, 2020 at 09:36
Demo accounts are not always the same like real accounts, it doesn't always have to do something with your mindset only.
Most retail brokers have a different behavior as soon as it comes to real accounts with real good profits. The 'bad' behavior that you won't see on a demo account is: restricting withdrawals, server time-outs during trades, blocked EAs or trading strategies, higher spreads/slippages/commissions and so on. Demo accounts are most probably for marketing purposes only, but yeah you can also learn the simple trading stuff you need before starting any real account; that's correct.
Most retail brokers have a different behavior as soon as it comes to real accounts with real good profits. The 'bad' behavior that you won't see on a demo account is: restricting withdrawals, server time-outs during trades, blocked EAs or trading strategies, higher spreads/slippages/commissions and so on. Demo accounts are most probably for marketing purposes only, but yeah you can also learn the simple trading stuff you need before starting any real account; that's correct.
patience is the key
Oct 21, 2020 at 10:20
@marco_mmbiz Every trader behave differently when it comes to shifting from demo to live trading. Yeah other problems are there but mindest or controlling power of emotions is the deciding factor in trading.
Member Since Jul 20, 2019
373 posts
Oct 21, 2020 at 12:37
Michihito posted:
@marco_mmbiz Every trader behave differently when it comes to shifting from demo to live trading. Yeah other problems are there but mindest or controlling power of emotions is the deciding factor in trading.
If you don't have the correct mindset for your own trading style then it doesn't matter if you trade on demo or real. If you change your mindset on a real account you should work on your original mindset then.
patience is the key
Member Since Aug 17, 2020
123 posts
Oct 21, 2020 at 14:26
marco_mmbiz posted:Michihito posted:
@marco_mmbiz Every trader behave differently when it comes to shifting from demo to live trading. Yeah other problems are there but mindest or controlling power of emotions is the deciding factor in trading.
If you don't have the correct mindset for your own trading style then it doesn't matter if you trade on demo or real. If you change your mindset on a real account you should work on your original mindset then.
I totally agree! And there are many people trading with real accounts who still use demo accounts to test their methods.
Member Since Oct 07, 2020
104 posts
Oct 22, 2020 at 02:36
UweMoench posted:
You do not have to worry about losing your money when you are demo trading. your demo account does not demonstrate to you industry standards to manage the sentiment fear. That's why you remain emotions while in demo. But when you come to live trading from demo trading, you brings emotions (the fear of losing and greed more more profit) with you. That's why the result between demo and real account is not the same.
a demo is a perfect place where we can see how the strategies work , You do not have to worry about losing your money when you are demo trading
