The demo account is the master

The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.

Couldn't agree more. Its all also about know where every fits within the puzzle comfort on the platform.

Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.

UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.

If it wasn’t for my demo account I would have never made it this far!

sailingconsist posted:

UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.

If it wasn’t for my demo account I would have never made it this far!

Which ones did you use? I can’t seem to settle on one….

carolehaye posted:

sailingconsist posted:

UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.

If it wasn’t for my demo account I would have never made it this far!

Which ones did you use? I can’t seem to settle on one….

That’s something that all traders have encountered. What to do? There are so many choices! I had used Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.

sailingconsist posted:

carolehaye posted:

sailingconsist posted:

UweMoench posted:
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.

If it wasn’t for my demo account I would have never made it this far!

Which ones did you use? I can’t seem to settle on one….

That’s something that all traders have encountered. What to do? There are so many choices! I had used Fxview and Pepperstone. Both good as per my requirements. Even you should first identify your trading style and then according to that go for brokers.

Thanks for replying mate. I am trying my hand at scalping….

Demo accounts work great for both new and professional traders. You can test as many strategies as you want on your demo account before risking your money.

josejames posted:
Demo accounts work great for both new and professional traders. You can test as many strategies as you want on your demo account before risking your money.

Traders can also test broker services in demo account without investing money.

AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.

However, demo traders lack emotion. So, you cannot learn everything in the demo account.

when looking for a broker we the traders, first of all, have to make sure which is regulated, actually the best broker always ensures the security of funds with a wide range of trading technologies.

SofieAndreasen posted:

AliaDare posted:
Demo accounts help a lot to make the trader professional. Such as how to do analysis, how to maintain money management, and risk management. It is possible to gain knowledge about all these issues from the demo account.

However, demo traders lack emotion. So, you cannot learn everything in the demo account.

True, because emotions intervene only when actual monye is involved, thats why demo seems way too easy as compared to real account trading.

demo account can surely make you the master of trading.

Demo trading should be done first to develop skills. Demo trading helps a lot in gaining experience.

demo is really important for all kinds of trader even professional , but i have seen most of us always ignore this trading place.

We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.

As a newbie i am already doing demo trading but I don’t know how much time I should spend on demo trading
And after a point I feel it to be boring also.

Demo is boring and that makes it unrealistic. A micro live account is best because the thought of losing real money keeps the attention