Dec 22 2020 at 15:01
It is advisable for a beginner to start with a demo account. It seems to me a prerequisite before actually entering the market.
Dec 23 2020 at 04:18
exactly. the beginner should always start with a demo. infact the experienced can trade on demo side by side to try new strategies
Dec 23 2020 at 05:33
Adamgylicrist posted:I am guilty of the same.UweMoench posted:That is so true, the biggest mistake that a new trader makes on a demo account is trade millions on a demo when in reality he will be using only a few hundreds dollars out of his pocket for trading.
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
Dec 23 2020 at 09:55
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Dec 24 2020 at 08:17
Jakemark posted:And those emotions destroy the game of most traders.
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Dec 24 2020 at 12:26
Demo trading is essential not only for new traders but also for experienced ones. If I am to give my own example, I started trading first demo accounts of etrade and ib, and after almost 5 months went live. This was about 2 years back. I am still using both demo and live accounts simultaneously for practicing my strategies on demo before applying them on the live account.
Dec 25 2020 at 09:23
mitchelstrack posted:All brokers off demo account Exness is no different.
Does anybody know if Exness offers demo account.
Dec 26 2020 at 04:54
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them.
Dec 26 2020 at 13:06
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
Dec 26 2020 at 15:02
inspirenez posted:What’s the criteria here for classifying these brokers as good?
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
Dec 27 2020 at 02:15
Demo trading is a must to gain trading experience. It is possible to create a strategy by trading a demo. Consistently profitable with that strategy.
Dec 27 2020 at 04:20
inspirenez posted:I think all broker offer demo account. Trade should test the services in demo account before investing money.
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
Dec 28 2020 at 01:30
Bunaya posted:Demo account is quite helpful especially for new trader to learn trading without investing or losing money.
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
Dec 28 2020 at 04:03
mitchelstrack posted:Fast orders/fills/executions. Good customer service.inspirenez posted:What’s the criteria here for classifying these brokers as good?
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
Dec 28 2020 at 12:19
my advise is never to jump for trading without the demo trading
Dec 28 2020 at 13:44
There is no doubt about the importance of demo trading. it is a key starting tool for gaining forex trading skills.
Jan 05 2021 at 09:33
Yes, the volatility is something every beginner has to face with their trading. But demo accounts are very good for practising a trade before execution. Helps a lot.
Jan 05 2021 at 10:56
agreed, although demo and live trading varies a lot. according to me, one should not get stuck to demo for long, just learn the basics and start small.
Jan 05 2021 at 11:01
success is not easy we know very well but still
we try to bring success with no learning , as a result we become loser when try to make it in practical.
we try to bring success with no learning , as a result we become loser when try to make it in practical.
Jan 06 2021 at 07:05
right now i am trading on demo and use there high leverage , actually this approach may be will help me when trading in a live to avoid unfortunate risk and losses.
