Jan 06 2021 at 07:06
Tradelist45 posted:its good for the demo to see if you can actually survive with this in the live account. this is a good approach
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.
Jan 06 2021 at 10:13
Thanks to the demo account, the trader can get an idea of his new trading system. Without losing your money in case of failure.
Jan 06 2021 at 11:49
Indeed, a demo account can show your weaknesses and where you need to strengthen points in trading
Dec 08 2021 at 19:12
Mariel23134 posted:Yes. A new trader can improve his basic knowledge with the help of a demo account.
Thanks to the demo account, the trader can get an idea of his new trading system. Without losing your money in case of failure.
Dec 09 2021 at 08:17
Demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , I suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.
Dec 09 2021 at 16:41
There are some blind spots with demo accounts in terms of money management and trading from a psychological standpoint, but that doesn't cancel out all the other benefits of having such a hands on tool available. I definitely think beginners can avoid a lot of early losses by practicing and having that experience and being educated about other things that the demo doesn't cover.
Jan 16 2022 at 15:49
RobSchiz posted:Demos are mandatory in order to understand the mechanism for trading functions. It's also a good way to evaluate your strategy. You aren't able to try your strategy by testing it directly on live accounts.Mariel23134 posted:Yes. A new trader can improve his basic knowledge with the help of a demo account.
Thanks to the demo account, the trader can get an idea of his new trading system. Without losing your money in case of failure.
Jan 21 2022 at 05:10
Beginners should always practice on demo accounts that are offered by almost all the brokers. This is because it will give you an idea of how the platform functions, how you can use different tools and how you can make the best use of it.
Jan 21 2022 at 13:30
I believe that for beginners, a demo account is simply necessary. Without this, it will be much more difficult to make a profit.
Jan 21 2022 at 18:38
I believe that new traders have to start off from demo trading mainly because it will help them to understand what the market is and how to operate on the market. Basically, dmeo trading meets rookies with trading activity, moreover, it's free of charge, that makes this trading style unique in my opinion. No doubts, that sometimes rookies neglect demo trading because they're convinced that they can handle harsh conditions on the market on their own and as a rule they face unpleasant consequences of such ignorance. Trading activivity isn't about rushing at all. Traders must be patient and stay calm all the time.
Jan 21 2022 at 21:31
Demo trading does have some use, but it will definetely not make an experienced trader out of a newbie, that's for sure. Demo can teach you how to work with the platform and test some of the trading ideas, but it will never give you the real trading experience as demo trading lacks some very important things like spreads, slippages, requotes and psychological pressure which are integral parts of real trading. That is why if your goal is to trade your real money, you should trade microlots in the beginning and increase your position size gradually.
Jan 23 2022 at 09:13
Unfortunately, many people skip this mode, and as a result, they just get losses.
Jan 23 2022 at 12:36
as a new Forex trader that is really difficult to make sure a good focus on demo , because there is no real money .
Jan 23 2022 at 13:04
Adribaasmet posted:I agree! but if there's money involved that is also risky for a new trader.
as a new Forex trader that is really difficult to make sure a good focus on demo , because there is no real money .
Jan 25 2022 at 05:16
HeavLeighGill26 posted:You are absolutely correct. Demo trading accounts do have their limitations. A trader is left off the actual psychological experience in demo trading but it is a great tool to make a beginner familiar with the platform and forex trading. Beginners should avail the benefits of a demo trading account before moving on to actual trading.
There are some blind spots with demo accounts in terms of money management and trading from a psychological standpoint, but that doesn't cancel out all the other benefits of having such a hands on tool available. I definitely think beginners can avoid a lot of early losses by practicing and having that experience and being educated about other things that the demo doesn't cover.
Jan 25 2022 at 17:51
It is very important for a beginner to work on a demo account. For learning, this is an extremely important aspect that should not be overlooked.
Jan 26 2022 at 18:49
UweMoench posted:I agree with you.RobSchiz posted:Demos are mandatory in order to understand the mechanism for trading functions. It's also a good way to evaluate your strategy. You aren't able to try your strategy by testing it directly on live accounts.Mariel23134 posted:Yes. A new trader can improve his basic knowledge with the help of a demo account.
Thanks to the demo account, the trader can get an idea of his new trading system. Without losing your money in case of failure.
Jan 27 2022 at 09:46
sometimes i feel beginners level should trade in a micro account instead of demo account , because they not serious on demo at all.
Jan 27 2022 at 10:21
micro account can beginners make greedy and emotional , i dont like this approach for the beginners level
Jan 27 2022 at 14:20
I also used a demo account. This option seemed to me quite correct and convenient.
