live account can be beneficiary for acquiring real trading experience but first of all they have to finish basic level of trading, otherwise this approach will not work at all.
Oct 12 2020 at 08:15
Demo accounts are pretty useful for traders and they kind of set the foundation of trading. They are absolutely critical for back testing and then restrategising. An absolute must for figuring out Forex in the beginning!
Oct 12 2020 at 13:00
Can’t say it’s enough, but it sure is a prerequisite to get a feel of the trading conditions.
Oct 21 2020 at 11:06
It’s not enough but it’s definitely necessary. Demo account is the only way for a new trader to get a feel of the broker before live trading. I personally have used Fxview but you can choose any broker you prefer like Oanda, Alpari or London Capital Group. Just make sure that it is regulated, stay away from scams!
Oct 21 2020 at 17:48
Demo trading is definitely necessary. They might not be enough as they cannot simulate the emotions you might feel when there is real money at stake but I think you can adjust your mindset to treat demo money like real money as much as possible. Regardless, it is useful for testing your strategies before you risk your capital.
Oct 22 2020 at 11:43
demo account is a replica of a live platform. it is very useful for building up a strategy as one can play around and learn more about the live trading.
Oct 22 2020 at 20:46
I think only demo can not help you to make prepare yourself for real trading. You have to research and follow many more things to become experience in trading.
Oct 23 2020 at 11:24
Demo trading is one of the essential steps before live trading, but not the only one.
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
Kazile posted:True, only demo is never enough.
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
Oct 29 2020 at 09:48
Other than demo trading, you can also do a free babypips course to enhance your knowledge about trading and refer some youtube channels as well.
Oct 29 2020 at 11:15
Kazile posted:Absolutely. I strongly believe in having a solid trading plan.
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
A demo account is the best way to learn all the tools and techniques of forex trading..
Nov 03 2020 at 14:25
After some practice on a demo account, it becomes much easier to trade on a live account
Do not underestimate the demo account, with the help of it you can really prepare mentally and practically, and this is important.
Nov 04 2020 at 15:03
If you can't post a consistent profit on demo there is no way you will do it live. Just because you post a consistent profit on demo doesn't mean you can do it live. Demo is where to start, but transition from demo to live is just as hard if not harder than posting consistent profits on demo. Live trading changes a lot of things.
Nov 04 2020 at 19:22
IMO demo trading sometimes can make a bad joke, so should be careful with trading real money after 10-100k of demo money)
sometimes really a bad joke but its a master place for beginners as first stage of trading.
