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Purpose of demo trading
Jan 27, 2021 at 12:28
Membro Desde Jul 19, 2020
298 posts
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
Membro Desde Jul 20, 2020
298 posts
Membro Desde Jul 23, 2020
869 posts
Membro Desde Jul 23, 2020
759 posts
Membro Desde Jul 20, 2020
298 posts
Feb 02, 2021 at 06:42
Membro Desde Nov 19, 2020
104 posts
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Membro Desde Jan 22, 2021
125 posts
Feb 02, 2021 at 11:13
Membro Desde Jan 22, 2021
125 posts
It is like a flight simulator for real pilots. Here demo trading simulates what exactly happens over the forex market. Forex trading is not a toy. For this reason, demo trading is provided as this will help new traders to test the platform and take hands on experience of the real market with virtual money.
Feb 02, 2021 at 12:15
Membro Desde Dec 11, 2020
110 posts
Yes, demo trading is very useful, not only because how you can try to strategize and improve your strategy but also try to implement the new strategy into trading so that you can always get better in future, but it is not same as live trading because there is no psychology factor putting in to it
Membro Desde Nov 23, 2020
15 posts
Feb 09, 2021 at 05:09
Membro Desde Nov 23, 2020
15 posts
I do agree demo trading can help you to get into the business of trading and it will help you to judge a broker but you would not be able to understand the emotional aspects of trading. It is very important because your trades depend on the confidence you hold.
Membro Desde Sep 12, 2017
238 posts
Apr 18, 2021 at 17:06
Membro Desde Jul 19, 2020
788 posts
Joz8 posted:Yes, that's right. How to manage trade? How to maintain money management? How to do the analysis? The demo is the best platform to practice all these things.
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Apr 20, 2021 at 08:00
Membro Desde Dec 28, 2020
187 posts
Demo trading is the best way to learn forex for the newbie and experienced trader use it for strategy testing, With demo trading you get aware of the platform, it helps to learn the chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Membro Desde Jun 26, 2020
327 posts
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