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Purpose of demo trading
Biedrs kopš
742 ieraksti
Apr 20, 2021 at 15:42
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, demo trading is very important. It is more collaborative for most beginner traders. Demo platforms help a lot in developing strategies.
Biedrs kopš
494 ieraksti
Apr 20, 2021 at 15:49
Mohammadi posted:
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.
I think demo account is the best option to practice and test your strategy.
Biedrs kopš
437 ieraksti
Apr 20, 2021 at 22:32
Demo trading is used properly, it will help the trader to prepare to make money in the real trading account, but usually in demo trading start with huge capital, let say 5000 USD, but in real trading account only use small money less than 500$, if trader serious in demo account I think they can start with $100 to learn how to manage the money in uncertainty market condition.
Biedrs kopš
227 ieraksti
Apr 21, 2021 at 06:39
With a demo account, a trader can develop his trading skills and also can test his trading strategy before proper start with real money.
Biedrs kopš
187 ieraksti
Apr 21, 2021 at 07:19
A demo account helps the newvie to get a glimpse of what goes on in the market, how trades are placed, what all indicators can be used to dig out trade ideas, what margin is required to place trades, how leverages function, and what not.. Basically a demo account gives the trailer of trading.
The more your practice, the more you learn.
Biedrs kopš
232 ieraksti
Apr 21, 2021 at 11:57
the purpose is to practice n be prepared for the live
Biedrs kopš
19 ieraksti
Apr 21, 2021 at 15:01
To me, demo trading is a practice tool to learn about live forex and create strategies and skills to profit using the real account.
Biedrs kopš
132 ieraksti
Apr 22, 2021 at 11:00
Generally, demo account must be with the broker with whom you will be start your live trades as this will help you to understand their platform. But now a days even experienced traders practice on demo account just to tune themselves with current trends.
Biedrs kopš
47 ieraksti
Apr 26, 2021 at 15:17
The demo account main purpose is for beginner traders to experience live trading by using the demo account and trade without risk.
The demo helps in build strategy and skills; no real capital and emotions are involved in it.
The demo helps in build strategy and skills; no real capital and emotions are involved in it.
Biedrs kopš
227 ieraksti
Apr 27, 2021 at 02:47
Demo trading is helpful to do practice and test your strategy and if it works you can trade with real money with real account.
Biedrs kopš
875 ieraksti
May 03, 2021 at 09:50
practice is really important , i and for that demo is the best solution even though most of the traders especially the beginners dont believe the importance of demo.
keeping patience.......
Biedrs kopš
11 ieraksti
May 03, 2021 at 10:10
according to my trading experience i think 5-6 is really appropriate time for practicing in a demo account but as a beginner, its really difficult to keep patience , for that reason they lost interest after passing sometimes.
Biedrs kopš
586 ieraksti
May 03, 2021 at 11:50
Purpose of demo is to practice. But not just random practice. With specific strategy and plans, one should practice on demo. Otherwise demo trading doesn't give any benefits.
Biedrs kopš
749 ieraksti
May 03, 2021 at 14:04
@Akasuki Yes You are absolutely right. Unfortunately most people use demo without any plan and strategy. Out of merely assumption they open trade. They do not have any clue why they are opening a trade.
Biedrs kopš
187 ieraksti
May 06, 2021 at 10:34
Akasuki posted:
Purpose of demo is to practice. But not just random practice. With specific strategy and plans, one should practice on demo. Otherwise demo trading doesn't give any benefits.
Yes, even practice requires correct direction. If you are practicing on the demo account without any strategy its of no use.
The more your practice, the more you learn.
Biedrs kopš
8 ieraksti
Jun 11, 2021 at 07:07
I use demo accounts to test my strategies and practice my trades before making them on the real account.
Biedrs kopš
870 ieraksti
Jun 11, 2021 at 10:46
you can trade in a demo account ,
its good but sometimes its more important to trade in a micro account to ensure live trading knowledge and experience.
its good but sometimes its more important to trade in a micro account to ensure live trading knowledge and experience.
Biedrs kopš
232 ieraksti
Jun 11, 2021 at 13:33
the purpose of demo account is very clear, it helps you plan and try your strategies
Biedrs kopš
323 ieraksti
Jun 13, 2021 at 07:39
according to my trading experience demo is important , there is no way to ignore but the result we get from demo not works in a real account for that reason we never believe the importance of this trading place.
Biedrs kopš
437 ieraksti
Jun 14, 2021 at 23:34
Using the demo account will depending with each trader purposes, for beginner, they use demo account because they want to learn how to trade, implemented all trading strategy that learned, but for the experienced trader, they use a demo account for testing purposes with new trading system or forex trading robot, if already passed demo account with the confident trader can start using micro account, first time use the micro account I am uses FXOpen
