Sotarbin posted: 'Demo or Live' sounded to me as fully newbie like 'dead or alive' 😄
Actually it is demo vs live 😉 I think some people still believe that the demo profits achieved can be easily replicated on live. Maybe part of the meaning behind this thread is to show whether this is correct or not 😄
In my experiences, it depends how many pips you try to get. I was on demo, and I targeted only 10-20 pips per day (mostly one trade per day) and that target was achieved succesfully. 2 months later, I replicated that strategy and it has been around two months till now and still I get the same outcomes with what I got on demo. I realize that forex trading is very personal, and better trying by yourself. I've been two years in this business, and this is more about how to control your emotion than your technical knowledge.
@irwanwd Thank you for this detailed explanation. Number of pips you make is important but also the actual value of the pips and the loss/profit related. Platform matters in case you use special features unique for it.
I think Demo Trading is fundamental to Live Trading success. Just like other areas of life, if you dont prepare adequately in the simulated environment ....
...you will not be successful.
This is why Demo Accounts were created. Because of how difficult this market is, achieving Profitability with fake money is the only guarantee you will do so with Real Money. Otherwise, Disaster awaits.
The consequence will be that instead of your Live Account giving you profitable results by being dependent on a Successful Strategy rather than Emotions or Luck,
it will produce losses after losses by being dependent on a Emotions & Luck..
A 200 Pip Move on the EURO USD is the same on a Demo as it is on a Live. If you have a successful strategy that captures this on a Demo, you will be able to do that on a Live.
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.