Demo can not make you well experienced
Biedrs kopš
57 ieraksti
Dec 19, 2022 at 07:59
FredJones posted:That’s the only reason demo accounts are worth it. Without taking on any real risks, backtesting and strategising is one way to give s newbie time to understand what they should be expecting from the process.
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
Biedrs kopš
51 ieraksti
Dec 19, 2022 at 08:18
FredJones posted:I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
It is true that a demo cannot make you well experienced, but it can help you build various strategies and skills without taking any real risks.
Biedrs kopš
56 ieraksti
Dec 23, 2022 at 11:43
Both live and demo trading have their own pros and cons. The real sense of trading can be felt only on a live account, but a demo account is crucial because it helps you understand how the market works without losing.
Biedrs kopš
40 ieraksti
Dec 29, 2022 at 05:57
It is true that demo trading can be a useful tool for new traders to gain experience and for experienced traders to test out new strategies. However, it is not perfect ; demo trading does not fully replicate the real trading environment and psychology plays a big role in live trading, which is missing in demo trading, so it is important for traders to be aware of this limitation and to be cautious when transitioning to live trading.
Biedrs kopš
47 ieraksti
Dec 29, 2022 at 08:27
It is true that demo trading and live trading are not the same things. However, it is also true that demo trading can help you gain confidence as a trader. It enables traders to learn about the market and trading from the ground up, and it actually allows a novice trader to gain trading experience.
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