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Demo can not make you well experienced
Membro Desde Jan 11, 2022
45 posts
Feb 04, 2022 at 06:52
Demo can’t make you a trader because it isn’t the same as the actual trading platform. There are some loopholes; you don’t risk money from your pocket; and you don’t trade with emotions. These two aspects are important to become a forex trader. Demo accounts are helpful to train and develop trading skills, but can’t turn you fully into a pro trader.
Feb 04, 2022 at 08:04
Yes, a demo account can’t provide you the real trading environment truly but still there is a lot to learn from the demo. You can practice any strategy to get familiar with its working. You can use various indicators to find out the best way to use them.
Feb 05, 2022 at 07:38
UweMoench posted:
Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.
Demo trading does not make some one a professional or experienced trader. However, it is good enough to provide enough experience to feel the heat of the market. If a trader does not learn from demo trading, he would end up making so many losing trades. At the end, he would lose his confidence as well. My realization is a trader must learn through demo trading.
Membro Desde Jun 26, 2020
323 posts
Feb 07, 2022 at 07:16
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.
Membro Desde Aug 10, 2021
172 posts
Apr 04, 2022 at 01:28
Demo account is the best option to learn forex and I have learned a lot with practice over demo account.
Apr 15, 2022 at 09:18
A demo account is used for practice. It doesn’t make you an experienced trader. It only helps you with trial and error and you test your strategy to see if it works or not. When you trade with real money, only then you’ll be considered experienced after a period of time, when you pick up tricks of the trade.
Membro Desde Jun 26, 2020
323 posts
Apr 17, 2022 at 07:37
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.
Membro Desde Apr 14, 2022
32 posts
Apr 19, 2022 at 10:25
It is not true. Once the strategy which you are using for the demo platform is fully sound and developed, it should be used for the live trading as well.
Apr 22, 2022 at 05:02
No matter how much you practice on a demo account, it only gives you a vivid idea as you’re dealing with virtual money, when you start live trading, your experiences change and you realise the mistakes and how to rectify them. Ultimately, a demo account does not make you an experienced trader, it may give you unrealistic profit expectations, only use it to practice.
Membro Desde Aug 10, 2021
172 posts
Apr 25, 2022 at 02:09
The demo is a proper way or a teacher to gain experience.
Membro Desde Jun 19, 2021
48 posts
Apr 25, 2022 at 02:15
I did not succeed in trading live until I learned how to trade the demo, but the demo had to do EXTREMELY well in order for me to do well trading live.
*I kill pips for fun.*
Membro Desde Apr 21, 2022
2 posts
Apr 25, 2022 at 05:58
In my opinion, it is because you can test your psychology, apply risk management, and overall put your plan to the test, even if it is a demo account. You get real-world experience that will aid you when you begin trading live.
Apr 26, 2022 at 05:46
I have to agree with everyone saying that demo accounts don’t prepare you for the live market conditions. You do get an introduction to the live market through your demo account but when it comes to understanding the live market, you will have to trade in the live market. You can make use of a micro account for that purpose.
Membro Desde May 27, 2021
56 posts
Apr 26, 2022 at 11:03
I agree that a demo can't make you experienced but it can make you well prepared for the live trading.
Apr 28, 2022 at 06:30
Demo trading accounts are very different from a real trading account. Although it is a good learning platform for newbie traders, in order to gain actual experience and understanding they will have to operate a real trading account with their own money. The market movements and trends need to be seen in real time by new traders, so that they can become skilled traders over time. The kind of emotion that a trader will have to deal with while engaging in forex trade, can only be felt when they are trading on a real account. And achieving emotional stability is something that you get after you start trading in real life.
