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Purpose of demo trading
Uczestnik z Jul 19, 2020
310 postów
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.
Uczestnik z Jul 20, 2020
286 postów
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.
Uczestnik z Jul 23, 2020
816 postów
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.
Uczestnik z Jul 19, 2020
742 postów
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.
Uczestnik z Jul 23, 2020
696 postów
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.
Uczestnik z Jul 20, 2020
286 postów
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.
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.
Uczestnik z Jan 22, 2021
126 postów
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.
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
Uczestnik z Dec 28, 2020
167 postów
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.
Uczestnik z Nov 23, 2020
6 postów
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.
Uczestnik z Sep 12, 2017
232 postów
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.
Uczestnik z Jul 19, 2020
742 postów
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.
Uczestnik z Jul 19, 2020
749 postów
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.
Uczestnik z Dec 28, 2020
167 postów
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.
Uczestnik z Jun 26, 2020
323 postów
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.
Uczestnik z Aug 11, 2017
870 postów
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.
