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Importance of demo trading

Mohammadi
Oct 17 2017 at 06:32
886 postów
I have seen many of us consider demo trading as dull. But for me not that dull at all, actually it is totally different , live account is the real market and many financial things affected the market , and it is different with demo account which is positioned as the “perfect market “ by the broker that we use, so that is why that market is good for newbie who want to trade as the place to learn only and make theirselves more familiar with the platforms.

mlawson71
Oct 17 2017 at 13:30
1487 postów
If you trade on a demo account exactly as you would on a live account it probably wouldn't be a dull experience.

Baldo (BaldoN)
Oct 17 2017 at 13:32
522 postów
I would say demo is good to test strategy, but not to overstay on demo trading for a long period - just to avoid acquiring bad habits :)

Admoni
Oct 18 2017 at 06:49
95 postów
Honestly speaking I have passed a long time in Forex but still using demo account, even though so many traders always ignore this trading place. I always use high leverage and all my trading strategies in here to see the performance how it works. This approach always helps me to avoid risk when trading in live.

Tiffany (TiffanyK)
Oct 19 2017 at 12:20
427 postów
Demo is very good to become familiar with the platform , trading facilities and instruments. For example (not the same thing of course) - when you want to learn to play poker, but you know nothing, you don't immediately go for playing with lots of money - you go and play with virtual money.
Same is here in the trading - you start with virtual money until you become secure in your skills and strategy and then you go for the real profits.

Accept the loss as experience
Admoni
Oct 20 2017 at 09:05
95 postów
The traders who are particularly beginners don’t believe the importance of demo account at all. My trading career after passing a long time I still dependable on demo account, I use all my trading strategies first of all in demo account to see the performance how it works. It always helps me to avoid risk in live trading.

mlawson71
Oct 21 2017 at 12:51
1487 postów
TiffanyK posted:
Demo is very good to become familiar with the platform , trading facilities and instruments. For example (not the same thing of course) - when you want to learn to play poker, but you know nothing, you don't immediately go for playing with lots of money - you go and play with virtual money.
Same is here in the trading - you start with virtual money until you become secure in your skills and strategy and then you go for the real profits.


I'd add it's also good for testing new strategies. Testing every random idea one gets in the shower on a live account is probably not a good idea. 😁

NicoF1
Oct 23 2017 at 14:57
12 postów
I like using demo for new ideas too. Even if a system looks good on back test, it is better to forward test on a demo as well

Andile (astulo)
Oct 25 2017 at 06:20
2 postów
Hi, just another newbie in trading, not very long time I involved myself with the platform but I fully agree with those who think we should never allow us to jump over the basics from demos and move right away to real trading for me I thinks there's lot of risks involved with my little knowledge for now, I will stick with the demos but again not for a very long time though, just like Baldo suggest.

mlawson71
Oct 25 2017 at 14:06
1487 postów
Even experienced traders sometimes (or even often) return to demo to test various strategies. The demo account is a tool that is useful to all traders at any given time.

Andile (astulo)
Oct 26 2017 at 07:07
2 postów
Thanks, @mlawson71 your words give me more strength and desire to further continue...

leo23
Oct 26 2017 at 14:15
567 postów
Demo trading is important, but at the same time the trader must be trading the demo account strictly following the rules of his strategy considering it as if it is a live account.

If a trader simply trades randomly just to make himself familiar with the trading platform, then it is okay. But if he just trades randomly in a demo account and makes profit in demo and thinks he can duplicate the same results in live, then definitely results will vary a lot between demo and live.

Artificial General Intelligence
mlawson71
Nov 08 2017 at 16:14
1487 postów
astulo posted:
Thanks, @mlawson71 your words give me more strength and desire to further continue...


You're welcome. I am glad I was able to provide some support. :)

Admoni
Nov 16 2017 at 15:31
95 postów
Beginners should trade demo account minimum for 3 months for acquiring real trading experience which is very supportive to continue a live trading in a proper way. but they don’t believe the importance of this trading place at all. so it would be better if they start minim live account instead of demo trading.

Jimm (Jimmblack)
Nov 23 2017 at 07:34
23 postów
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)

Tiffany (TiffanyK)
Nov 23 2017 at 15:54
427 postów
Good luck! Remember that one thing on live is the pressure of losing real funds 😄 But if you have the knowledge and the strategy - there is no need to put pressure on you. Stay calm, follow your plan! 😄

Accept the loss as experience
GENESIS ASSET (TradingtheCloud)
Nov 24 2017 at 11:28
38 postów
Jimmblack posted:
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)


Also:

When going live, trade with microlots and with a small fund. As your strategy is further tested and is consistent with your demo results, then you can gradually add more to your account.

TribalBoc
Nov 24 2017 at 11:49
14 postów
And remember that ALL strategies will have losing periods so don't freak out if you have a losing week / month. A cool head makes many pips!

Patrick14
Nov 26 2017 at 07:58
6 postów
This work process can be a bit tedious even so following good decisions and advice will be fruitful and satisfying. Forex is a good way to invest although I prefer a bit the issue of cryptocurrencies as TRADER

mlawson71
Nov 28 2017 at 15:17
1487 postów
Jimmblack posted:
I have enough experience in trading on a demo account, but I have not created a real account yet.
Yes, I understand that these are two different things. On a real account, you can make absolutely stupid mistakes, for which you will have to pay for a long time. Accordingly, I hone my strategy to the maximum.
Wish me luck, I will trade on a live account. :)


Good luck. Don't forget one thing - when you decide to open a live account pick a trustworthy broker, make sure you research them well properly before you give them your money.

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