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Purpose of demo trading
Uczestnik z Apr 15, 2020
219 postów
Jun 16, 2021 at 04:10
Uczestnik z Apr 15, 2020
219 postów
gradking posted:not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
The more your practice, the more you learn.
Uczestnik z Jun 15, 2021
13 postów
Jun 17, 2021 at 14:06
Uczestnik z Apr 02, 2020
39 postów
I agree with orlandoGT instead of focusing on consistent profit. The best would be to focus on consistent trades because earning profits should not be the focus now for beginners; it should be on trading and learning much as possible.
Uczestnik z Aug 11, 2017
886 postów
Jun 18, 2021 at 08:22
Uczestnik z Aug 11, 2017
886 postów
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Jun 18, 2021 at 08:42
Uczestnik z Jun 15, 2021
20 postów
Mohammadi posted:Agreed buddy! Along with this, only live trading teaches us how to control our emotions while trading.
demo is important for ensuring all basic knowledge but i dont like to trade in there , because there is no real money and we cant focus on there consistently , so i think micro account is the good solution,.
Jun 18, 2021 at 10:22
Uczestnik z Jun 15, 2021
15 postów
ele020 posted:gradking posted:not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
Yeah absolutely buddy, agree to it in addition.
Uczestnik z Apr 15, 2020
219 postów
Jun 18, 2021 at 11:59
Uczestnik z Apr 15, 2020
219 postów
gradking posted:Perfect! :)ele020 posted:gradking posted:not just that, it helps you to practice trading and understand the basics of trading.. A newbie cannot just go live without understanding how things function.
The only purpose of demo trading is to give you an insight of trading platforms and conditions.
Yeah absolutely buddy, agree to it in addition.
The more your practice, the more you learn.
Uczestnik z Jun 16, 2021
9 postów
Uczestnik z Aug 27, 2017
994 postów
Jun 19, 2021 at 08:13
Uczestnik z Aug 27, 2017
994 postów
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
Uczestnik z Apr 15, 2020
219 postów
Jun 21, 2021 at 07:11
Uczestnik z Apr 15, 2020
219 postów
Adribaasmet posted:Once you begun to understand the basic concepts, you can gradually move to live with small capital.
according to me demo is important , but sometimes instead of demo there is need to start live account which is very supportive to make sure live knowledge and experience.
The more your practice, the more you learn.
Uczestnik z Feb 05, 2016
31 postów
Uczestnik z Mar 28, 2021
617 postów
Jun 27, 2021 at 10:09
Uczestnik z Mar 28, 2021
617 postów
In demo account, we can test our strategy before applying it on live trading. It is not a good idea to use any strategy directly to a live account without any experiment.
Uczestnik z Dec 11, 2020
18 postów
Oct 06, 2021 at 18:58
Uczestnik z Aug 11, 2019
21 postów
The main purpose of demo trading is to dive a rookie into trading activity. Actually, this purpose is quite clear. It is created to teach new traders how to treat the market. Of course, there is no theory on demo, just practice, but lots of brokers nowadays provide you with special educational courses which are directed to teaching you theory of trading. Of course, you should dedicate enough time to it, however if your intentions are strong and you have really decided to connect your life with trading, then you must pass all the steps on your way to success and wealth. It's hard enough, but there are no other ways.
Uczestnik z Aug 17, 2021
94 postów
Oct 09, 2021 at 18:40
Uczestnik z Aug 17, 2021
94 postów
Demo accounts are used by stock trading platforms, foreign exchange trading venues, and commodities exchanges. Demo accounts are geared toward those who've always wanted to trade, but don't have enough money, have the money but don't know where to start, or are experienced traders who want to test new strategies.
Uczestnik z Aug 05, 2021
401 postów
Oct 12, 2021 at 17:05
Uczestnik z Aug 05, 2021
401 postów
I think demo accounts serve a great purpose and those that use them long enough and actually focus on strategies are much more prepared when they switch to a real account. It's true that you don't get the emotional aspect of trading from a demo, but that doesn't mean that one should skip over them.
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