Importance of demo trading
leo23
Członek od Oct 12, 2016
555 postów
Oct 26 2017 at 14:15
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.
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
Członek od Dec 11, 2015
1487 postów
Nov 08 2017 at 16:14
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. :)
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.
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. :)
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)
Członek od Feb 12, 2016
427 postów
Nov 23 2017 at 15:54
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)
Członek od Apr 11, 2015
38 postów
Nov 24 2017 at 11:28
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.
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!