Purpose of demo trading

Jan 27, 2021 at 12:28
3,364 Views
80 Replies
Biedrs kopš   298 ieraksti
Jan 27, 2021 at 12:28
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
Jan 27, 2021 at 12:50
Demo helps to develop trading skills. It is very difficult to make money from trading if skills are not developed properly. So all types of analysis should be practiced by demo trading.
Jan 27, 2021 at 16:31
It is a risk-free account designed to practice trading without losing any money. It is best way to start trading.
Biedrs kopš   788 ieraksti
Jan 31, 2021 at 12:50
Demo Trading is one of the means of developing skills. Through which it is possible to develop skills by trading.
Jan 31, 2021 at 17:38
Demo account is designed for educational purpose. But demo traders lack emotion in trading which can be a problem later.
Feb 02, 2021 at 02:45
Demo trading is the best field of education from which to gain real experience. As a trader, I always ask new traders to do demo trading.
Biedrs kopš   104 ieraksti
Feb 02, 2021 at 06:42
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Feb 02, 2021 at 11:13
It is like a flight simulator for real pilots. Here demo trading simulates what exactly happens over the forex market. Forex trading is not a toy. For this reason, demo trading is provided as this will help new traders to test the platform and take hands on experience of the real market with virtual money.
Biedrs kopš   110 ieraksti
Feb 02, 2021 at 12:15
Yes, demo trading is very useful, not only because how you can try to strategize and improve your strategy but also try to implement the new strategy into trading so that you can always get better in future, but it is not same as live trading because there is no psychology factor putting in to it
Biedrs kopš   187 ieraksti
Feb 05, 2021 at 08:45
Demo trading is the best way to learn Forex, it helps to learn about the platform, how to open and close positions, place orders, observe your mistakes and then make a strong trading strategy before going to a live account.
Biedrs kopš   15 ieraksti
Feb 09, 2021 at 05:09
I do agree demo trading can help you to get into the business of trading and it will help you to judge a broker but you would not be able to understand the emotional aspects of trading. It is very important because your trades depend on the confidence you hold.
Feb 09, 2021 at 06:39
the purpose of demo trading is to try and implement all the strategies and plans one wants to try in the real account without losing the money.
Biedrs kopš   78 ieraksti
Feb 09, 2021 at 14:33
Starting work with a demo account is the right decision, it will help to avoid many mistakes and I am very pleased that the Amarkets demo account and the real account are very similar and this gave me the opportunity to prepare well
Biedrs kopš   12 ieraksti
Feb 11, 2021 at 12:55
It is not just new traders who get benefited from demo trading but also professional traders because they can apply their strategies on the demo account before risking their money.
Biedrs kopš   20 ieraksti
Apr 18, 2021 at 13:10
The initial purpose of a demo account is to apply all your theoretical knowledge in practice and gain some experience.
Biedrs kopš   788 ieraksti
Apr 18, 2021 at 17:06
Joz8 posted:
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Yes, that's right. How to manage trade? How to maintain money management? How to do the analysis? The demo is the best platform to practice all these things.
Biedrs kopš   751 ieraksti
Apr 19, 2021 at 13:45
Demo is to test our strategy before trying the strategy on live account. For newbie demo is to know trade mechanism works and also for testing strategy.
Biedrs kopš   187 ieraksti
Apr 20, 2021 at 08:00
Demo trading is the best way to learn forex for the newbie and experienced trader use it for strategy testing, With demo trading you get aware of the platform, it helps to learn the chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Biedrs kopš   327 ieraksti
Apr 20, 2021 at 08:40
the purpose of demo trading always make sure to acquire good knowledge and experience , but generally we the traders dont believe the importance of this trading place at all.
Biedrs kopš   886 ieraksti
Apr 20, 2021 at 08:53
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.
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