Is a demo account really neccassary?
Mar 25, 2022 at 04:39
They say ‘Practice makes a man perfect’, and there is only one place where forex traders can practice their strategies and obtain new knowledge about forex trading, i.e., a demo account. Since forex trading involves money, it is better to practice as much as possible instead of rushing towards trading a live account only to blow it eventually.
Member Since Jun 12, 2021
132 posts
Apr 03, 2022 at 09:54
instead of demo sometime it is more appropriate to trade in a micro account to increase trading performance very rapidly. i like this strategy
Apr 04, 2022 at 07:59
Yes, demo trading is necessary in a way that you get to experience trading before you start risking your money. I believe it’s better than going directly into the live market and being clueless about using a platform and trading tools. Practising on a demo account will help overcome the barrier.
Member Since Oct 29, 2021
69 posts
Apr 14, 2022 at 04:57
Trading can be really tough for the beginners and that is why you need to have a demo account. You will be able to see how the market works and you will also be able to see how the strategies work in real time. This is a great way to learn more about the strategies and to also test them out. You have to have access to the trade simulator in order to get the most out of your trading
Apr 18, 2022 at 07:31
Yes, all the demo accounts are practice accounts and are designed to help you play around with the trading process, which will help you know about how a real account works.Demo trading is also a very good way of learning how to trade and gaining confidence.
Member Since Mar 17, 2022
46 posts
Apr 18, 2022 at 07:45
I would nod to this as I believe that it would be stupid of any trader to jump into the market without making use of the free tool to obtain practical knowledge. It’s good to be confident about the lessons you have taken but practising on a demo account for a while would only help you.
Member Since Apr 14, 2022
32 posts
Apr 20, 2022 at 04:01
Demo accounts can provide some benefit to new traders because they allow the trader to become familiar with trading software and get a sense of how the market works. Also, it gives access to market charts, trading signals, forex news, and more.
Member Since Jun 12, 2021
132 posts
Apr 21, 2022 at 08:53
now i am trading in demo where using high leverage to see the performance how it works.
Member Since Apr 14, 2022
41 posts
Apr 23, 2022 at 09:35
Yes, it is definitely necessary and beneficial for new traders to get familiar with the platform because it gives a real-life trading experience. Also, it is risk-free, with no real capital involved, and the best tool to develop various skills and strategies.
Member Since Jun 12, 2021
132 posts
Apr 25, 2022 at 09:41
agree with your terms.
Member Since Apr 14, 2022
37 posts
Apr 25, 2022 at 10:08
Yes, a demo account is really important if you want to trade in forex as this will help you to get familiar with the market. Once you get the basics all cleared, then you will be prepared enough to trade through a live account.
Member Since Oct 27, 2020
16 posts
Apr 27, 2022 at 06:22
To some extent, it is. You need to understand the basic functions of the market and trading platforms before you use your real money. This is exactly what a demo account helps you with. But don’t depend too much on your demo account results since it’s just a simulator.
Apr 27, 2022 at 06:37
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.
Well said, actually Price Action trading strategy is so powerful technical aspect to follow! In my live trading, I also use the PA trading! Besides, demo account is the best place to practice with!
Apr 27, 2022 at 06:44
In a way, YES! It’s a fact that you may not get live trading experience on your demo account. But it is also true that you can invite huge losses if you don’t practice on a demo account where you can learn how to use trading software, how to execute a trade, how to make settings, etc.
Member Since Jun 26, 2020
323 posts
Jun 21, 2022 at 08:21
but micro account can make beginners level emotional and greedy.
Jun 21, 2022 at 15:13
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.
Hi bro, it’s more than one year & what’s going on there? I’m really interested to know your current trading status!
