DEMO ACCOUNT vs LIVE ACCOUNT
May 27, 2017 at 08:22
Bohdan73 posted:Professional4X posted:
I agree with you. If a person develops good skills, controlled emotional discipline, and a solid understanding of what really moves the markets, you can make a very good income from trading. But it takes a lot of work and education in order to make a good income from it.
This is the holy grail of trading what you explain. Everyone should strive for it 😄 I agree that it takes lot of work!
I agree. That is the only holy grail of trading, in my opinion - hard work. To study, to practice, to learn from one's mistakes. There are no shortcuts.
Jun 29, 2021 at 12:53
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
Anggota Sejak Jun 23, 2021
9 pos
Jun 30, 2021 at 12:56
UweMoench posted:
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
I cannot add any more. This post IS the answer to the thread
Anggota Sejak Jun 12, 2021
132 pos
Jul 01, 2021 at 13:23
the main different between demo and live is all about psychology , nothing without it , in reality there is no technical different between two.
Anggota Sejak Jul 23, 2020
869 pos
Jul 06, 2021 at 13:25
Both accounts are essential for learning.
Dec 22, 2021 at 05:49
LyudmilLukanov posted:Basically they both are same the difference is that the live account has real money involved, although you have traded in the Demo accounts , their is this psychological factor comes into play which might hinder your decisions.
Both accounts are essential for learning.
Anggota Sejak Aug 05, 2021
401 pos
Dec 26, 2022 at 15:36
It's almost identical. Only thing is that there is a difference from a psychological standpoint.
Anggota Sejak Aug 27, 2017
121 pos
Feb 03, 2023 at 03:23
For me, demo is good to be familiar with how the trading platform works. However, if you want the real trading experience, you need some money on the line. It doesn't have to be big, you just need to have the same feelings or emotions when trading a bigger account. With demo, you tend to be reckless with your trades because you have nothing to lose and that might lead to a bad habit.
Trading is a marathon, not a sprint.
Feb 03, 2023 at 08:16
The goal of the demo is to become acquainted with the trading mechanism. Another goal of the demo is to put your strategy to the test. Continue to demo until you find a proven method.
On demo, define your entry, exit, risk, reward, and risk management policies. You can begin live trading once you are convinced.
On demo, define your entry, exit, risk, reward, and risk management policies. You can begin live trading once you are convinced.
Anggota Sejak Mar 05, 2019
11 pos
Feb 06, 2023 at 14:39
It is very important but you can learn so much on a demo so that when you go live you have 95% of the skills you need
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