Demo trading

as a newcomer i was much profitable in demo account with my trading strategy , but when kick off a live account the same strategy didn't work as like before    

As demo account trading is not realistic enough as you are not using real money and you don't have any emotional connection with the money because its dummy and it dosent matter either you loose the amount but if you have some money in the liv account you have actual emotional connection you have a feel how market goes but still I would suggest to start with demo account because it will build your decision making power once you master in it you can go with real money and that will actually teach you how to handle the risk and your emotions of fear.

  

demo is good bu the experience we took generally
from here practically not works when trading in a live ,
its a reality, 

Demo is really present in the life of every trader, even if he already has a lot of experience. What to say about newbies who need to train their skills and bring trading to a confident level. With the help of the demo, you can work out a new strategy and set up the indicators in the way that will be convenient for you. Besides, thanks to the demo, you can estimate what income you will be able to get monthly. At least roughly to know what kind of investment you should be ready for. Another thing is that the demo should not be used on a permanent basis, otherwise you will never come to the real market and real income. I mean, it's like theory without practice doesn't work for you. After all, when you work with the real market, you may encounter excitement and other emotions that will prevent you from making money. So the demo is good, but as far as I'm concerned, it's only if you alternate it with real trading.

I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.

demo is really good for any kinds of traders especially for newcomers. i use all my trading strategies in demo to see the performance how it works, this approach always help me to avoid risk when trading in practically.

before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually. 

Mohammadi posted:
... beginners kick off live trading instead of demo ... 

That`s hell of a mistake.

demo account is useful when you are new to trading..it helped me out a lot..it gives me this information on understanding how performance outcomes would it lead...very useful for understanding risk in trading

I don't see anything wrong with the demo trade. It is a common tool that all brokers and independent terminals offer so that traders can practice and try out what trading is without risk to their money. Of course, there are different situations when a demo prevents a trader from switching to the real market and distributing his finances correctly. But in this way it is possible to analyze each specific case and history of each trader for hours. I know traders with a lot of experience who sometimes trade on demo accounts in order to just relax and prove to themselves that they can achieve everything they want.

feelsofine posted:
demo account is useful when you are new to trading..it helped me out a lot..it gives me this information on understanding how performance outcomes would it lead...very useful for understanding risk in trading

Demo account makes me feel like I'm a billionare.... haha

after demo passing according to me, minimum 1 year experience is dam smart and this knowledge works really when trading in a live.

practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.

the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living

To go big you have to start small and from somewhere, don't try to hack the path , you will regret.

Roberto21 posted:
demo is the best place to become a knowledgeable trader very rapidly , but generally we don't believe the importance of this trading place at all.

Money blinds us from the process

there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.

Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?

yes without demo how are you gona know what the live trading environment is really like? definitely helps see if your trading style /strats fit well with what the broker offers. the only thing that cant be replicated in demo as with live is issues such as slippage

kolute posted:
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living

To go big you have to start small and from somewhere, don't try to hack the path , you will regret.

very true.demo is only way to see the real spreads the broker offers and see if their leevrage options are good for you

as a newcomer i was much profitable in demo account with my trading strategy , but when kick off a live account the same strategy didn't work as like before