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DEMO ACCOUNT vs LIVE ACCOUNT

woodr696
Apr 09 2017 at 06:32
2 postów
snapdragon1970 posted:
mlawson71 posted:
xgavinc posted:
PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?


I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.


I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.


You could try trading longer time frames on stocks its much easier than FX.


What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.

Theodoro (Theodoro)
Apr 09 2017 at 06:36
11 postów
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁



I tested my EA, on brooker with high must high spread, 3.0 on eruusd... like us one example, after tree months, severals i see and apply if are good estrategy, more than 71% i apply on best ecn account Icmarktes... ou ADs securities... 0.1 spread.

:)

Bye.... mustgaineuroze EA...

Thanks

Theo.

mlawson71
Apr 09 2017 at 10:57
1487 postów
ForexProtect posted:

demo and later real, never use first real😕


That's really the simplest and most accurate way of putting it.

snapdragon1970 (snapdragon1970)
Apr 09 2017 at 11:26
1944 postów
woodr696 posted:
snapdragon1970 posted:
mlawson71 posted:
xgavinc posted:
PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?


I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.


I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.


You could try trading longer time frames on stocks its much easier than FX.


What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.


If you did some research you would know:)

"They mistook leverage with genius".
woodr696
Apr 09 2017 at 13:56
2 postów
snapdragon1970 posted:
woodr696 posted:
snapdragon1970 posted:
mlawson71 posted:
xgavinc posted:
PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?


I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.


I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.


You could try trading longer time frames on stocks its much easier than FX.


What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.


If you did some research you would know:)


Juvenile response - deflection? As I stated - I know plenty of guys that trade stocks on just technicals alone and make good money doing it.

snapdragon1970 (snapdragon1970)
Apr 09 2017 at 17:08
1944 postów
You obviously don't know the difference.

"They mistook leverage with genius".
togr (togr)
Apr 10 2017 at 06:17
4862 postów
snapdragon1970 posted:
You obviously don't know the difference.


For EA there is no big difference trading demo vs. real. On good broker there are very similar conditions.
For manual trading there is a psychological aspect as you cant accept loose of 10000 real dollars compared to demo:)

Theodoro (Theodoro)
Apr 10 2017 at 06:43
11 postów
ForexProtect posted:

demo and later real, never use first real😕



Guys, today i´m used this strategy, 3 pairs on correlation 1 positve 2 negative - (1buy 2Sell) - on demo account with expert advisor, with high spread broker demo account ( for example 10.000,00 demo), i put on copy account on my real - the slave real - will copy the master demo. ( the brooker not slipage my orders cause not copy sl and tp - on real account)

Very well : hahahaha.

:).


Ps. of course after 2 months of test on demo account.. :)

xgavinc
Apr 10 2017 at 11:46
235 postów
togr posted:
snapdragon1970 posted:
You obviously don't know the difference.


For EA there is no big difference trading demo vs. real. On good broker there are very similar conditions.
For manual trading there is a psychological aspect as you cant accept loose of 10000 real dollars compared to demo:)


Agree there is no big difference with EA short term, but there is a difference. For example, on a demo comparison I tried, demo gave me no gaps or slippage and the swap rates lagged behind the real account. I also had no-fills on real (out of price errors) while demo filled orders regardless (causing the most impact). These add up quickly to a huge difference in outcome (note I say outcome not strategy or method). It really comes down to how the broker sets up the demo vs real servers, some will follow real principles, others set them up to just run as efficiently as possible for trading practice (not meant to represent real trading environments). On manual trading the variables become even greater as you are more likely to trade at higher risk, less emotion (in the beginning) and with a 'try and test' attitude on demo than with real.

For every loss there should be at least an equal and opposite profit.
PanMajk (PanMajk)
Apr 11 2017 at 07:24
10 postów
Agree there is no big difference with EA short term, but there is a difference. For example, on a demo comparison I tried, demo gave me no gaps or slippage and the swap rates lagged behind the real account. I also had no-fills on real (out of price errors) while demo filled orders regardless (causing the most impact). These add up quickly to a huge difference in outcome (note I say outcome not strategy or method).


Does it really matter when somebody trades manually on daily and higher timeframes?

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