Nov 07 2021 at 08:03
Zero emotions, nothing is like trading with real money
Nov 08 2021 at 04:34
bax699 posted:Of course, there is no fear of losing money while doing demo trading, so emotions are free. There is no profit even if it is profit, again it is the same thing even if it is a loss.
Zero emotions, nothing is like trading with real money
Nov 08 2021 at 11:10
AliaDare posted:Yeah I agree, but demo trading is one of the best ways to learn forex trading before entering into the live market.bax699 posted:Of course, there is no fear of losing money while doing demo trading, so emotions are free. There is no profit even if it is profit, again it is the same thing even if it is a loss.
Zero emotions, nothing is like trading with real money
Nov 08 2021 at 11:36
Of course there is some difference but I think half the problem is that people don't treat their demo accounts as if they are live accounts, making decisions as they would live. Doing so at least somewhat prepares you more as it builds good habits regarding risk and capital management.
If you can't spot the liquidity then you are the liquidity.
Nov 08 2021 at 13:01
AliaDare posted:
I've said before that emotions don't usually work in demo trading. Demo trading has virtual money, it is not a problem to lose money, so emotions usually do not work. Many traders make a lot of profit in demo trading but they do not get good results whenever they go into real trading. Greed and fear can cause this problem.
So true, some of the harder battles are in the mind than on the broker. It is key to try live accounts too even if its for a small amount
Nov 08 2021 at 13:39
UweMoench posted:Demos are good for newbies and testing and playing around with
You do not have to worry about losing your money when you are demo trading. your demo account does not demonstrate to you industry standards to manage the sentiment fear. That's why you remain emotions while in demo. But when you come to live trading from demo trading, you brings emotions (the fear of losing and greed more more profit) with you. That's why the result between demo and real account is not the same.
Nov 09 2021 at 14:45
Demo is specially created for being easy. The main objective of demo account is to meet a new trader with trading activity. Demo trading implies the acquintance with trading activty and with mechanics of market price change. Of course, it's easy, you don't need to put your money on demo and trade them. Demo account implies the particular sum of money on it in order to let you practice on it. I believe that if there would be no demo, lots of traders would just lose their money. However, the positive side of this phenomenon would be the decreasement of competition in trading activity and the decreased amount of market makers.
Nov 11 2021 at 04:00
Demo trading is easier because traders trade without emotions.
Nov 11 2021 at 04:05
The basic reason that we find demo easier than live trading is because there is no real money involved.
However the most important reason I believe is that while demo trading, it’s easier to forget your losses because you won’t have lost any money in real, but when we lose even a small amount in live trading it has a significant impact on us.
However the most important reason I believe is that while demo trading, it’s easier to forget your losses because you won’t have lost any money in real, but when we lose even a small amount in live trading it has a significant impact on us.
Nov 13 2021 at 07:37
use the demo for signal
Nov 14 2021 at 12:31
That's why trading psychology is so important
Nov 14 2021 at 22:58
Just like your face a fake girlfriend, when you love too much with your girlfriend, it will very painful when she leaves you, but when your love is only fake to your girlfriend when she leaving you will be nothing, your feeling is like as usual no broken heart, in a demo account, you just love with fake love, because it does not use real money when you loss will felt nothing, but in the real account, you spent real money, and when losing the money you will felt emotion in real.
Nov 15 2021 at 01:59
Our training begins with the demo account, and the more interest we get into the demo account, the more we can learn about the Forex trading system. Demo accounts should be taken seriously since they're just like real accounts.
Nov 16 2021 at 07:18
Demo accounts allow you to trade without using your own money but instead 'pretend' that you are doing it with the help of play money. New traders make their mistakes there and can learn from those mistakes without any risk.
Nov 16 2021 at 14:58
It's true that there are differences and a demo account can't prepare you for the psychological aspects of trading on a live account. However, demo accounts still have a lot to teach us and they're the best hands on tool for traders. I also think we can all avoid some early losses by practicing on one. The best way to avoid being affected by the changes is to do research on psychological trading problems (like analysis paralysis, ego issues, etc.) so that you have knowledge of them and to trade with good risk management precautions, as that can take away some of the anxiety.
Nov 19 2021 at 06:53
Trading via a demo account is easier as compared to live trading. The main reasons are that the demo is a virtual trading account and there are no potential risks of losing your real money.
Nov 19 2021 at 12:10
In demo account we don't feel anything if we are going lose any trade. But in live trading we get restless if a trade goes against us. To deal with it, we need to develop a good trading psychology along with trading skills.
Nov 20 2021 at 08:06
Exactly but it teaches a lot about the real market. Though real money not involved but demo helps in better chart analysis, and habit of apply stop loss.
Nov 20 2021 at 08:09
With demo, you just know that the monetary aspect when trading is not real, so you are not mentally affected when you made some losses, that's why it is easier to trade in demo.
Nov 21 2021 at 18:27
Davidfx89 posted:I agree with you.
demo is not easy because it is really difficult to keep patience when trading in a demo account , because there is no real money ion there.
