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jamesgwyther
Aug 16 2019 at 14:18
289 комментариев
Q_FxTrader posted:
Demo account trading is definitely important before live trading especially if you are a newbie and if you are planning to trade manually in order to get yourself familiarise with different options available in MT4 which you can check and practise in real time with no real money loss.

But if you are planning to practise in demo for few days and jump into live account after that, then it might not be a good idea. Until and unless you have thoroughly tested and practised your specific strategy for long periods of time in demo and generated consistent profits, till then you should stay away from live account and continue with demo account only and it will save you a lot of money.

If you are successful in demo account with your strategy with an average of good pip expectancy and low drawdown % with a track record of 3 to 6 months , then in fact you don't need live account of your own and you can easily get investors or get connected with partner brokers whose money you can trade and make money without any investment of your own.

So being consistently profitable in a demo account with good and long track record can also help a lot without any investment from the trader.


Really??

forex_trader_[565984]
Aug 18 2019 at 08:18
144 комментариев
jamesgwyther posted:
Q_FxTrader posted:
Demo account trading is definitely important before live trading especially if you are a newbie and if you are planning to trade manually in order to get yourself familiarise with different options available in MT4 which you can check and practise in real time with no real money loss.

But if you are planning to practise in demo for few days and jump into live account after that, then it might not be a good idea. Until and unless you have thoroughly tested and practised your specific strategy for long periods of time in demo and generated consistent profits, till then you should stay away from live account and continue with demo account only and it will save you a lot of money.

If you are successful in demo account with your strategy with an average of good pip expectancy and low drawdown % with a track record of 3 to 6 months , then in fact you don't need live account of your own and you can easily get investors or get connected with partner brokers whose money you can trade and make money without any investment of your own.

So being consistently profitable in a demo account with good and long track record can also help a lot without any investment from the trader.


Really??

Yes.

In fact, live account trading is not necessary if you can meet the following 5 conditions in your trading:
1.Good pip expectancy of 5 to 10 pips per trade or more
2.At least 100 trades per month
3.Low drawdown of around 10%
4.Minimum monthly return of 5% to 10% per month
5.Minimum track record of 6 months or more.

If you meet all the above 5 criteria, then you don't need to trade live account. Instead, you can simply continue to trade in that demo account and if needed then connect your demo account to a live account through a trade copier software and still you can make profit through trade copying to live account.

At least you can provide trading signals through signalstart and make money or join a PAMM account of broker and there are many more options.

So it doesn't matter whether it is a demo account or live account, but all the above 5 points must be satisfied since each and every point is important and has a reason behind it which describes clearly that there is a 80% to 90% chance that you are already a successful and professional forex trader irrespective of demo or live trading.

jamesgwyther
Aug 18 2019 at 11:34
289 комментариев
Mohammadi
Aug 19 2019 at 08:46
886 комментариев
demo is not a place to become knowledgeable trader rapidly ,
its a place to see the strategies and leverage performance.

Roberto21
Aug 19 2019 at 09:08
364 комментариев
in order to me , demo is good bu the experience we took generally from here practically not works when trading in a live , its a reality, 

forex_trader_[565984]
Aug 19 2019 at 10:49
144 комментариев
Roberto21 posted:
in order to me , demo is good bu the experience we took generally from here practically not works when trading in a live , its a reality, 

If the experience doesn't work in live, then don't trade in live and continue to trade in demo if you are successful in demo. Instead just connect your demo to a live account through a trade copy platform.

If your strategy is really successful in demo, then using trade copy must give profits in live account as well. Otherwise, either you are trading randomly in demo or you are too much involved with emotions.

steve_25
Aug 20 2019 at 03:47
38 комментариев
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?


Demo trading is a great way not just to practice trading initially but also to test strategies for a new trader. It allows new traders to gain familiarity of how he can trade on a demo account without any funds .he can see and use all the features here and even buy and sell. The only difference is that it is not real account trading. So, one can always test his strategies , see if they work or not and re build a new strategy in case it doesn’t work. It also helps traders to give up emotionless trading.

Roberto21
Sep 20 2019 at 17:17
364 комментариев
as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

Gabriel99
Oct 16 2019 at 11:45
37 комментариев
Sky44 posted:
Demo is the best way to practice. You wouldn't practice to be football player by only playing league matches


Exactly. It is better to use demo account before going live.

traderroni
Oct 18 2019 at 06:28
37 комментариев
I agree. A beginner should practice for as long as it requires and even continue testing his strategies on a demo account once he goes live on a real account. Demo acc helps you to avoid mistakes on a real account. So till the time you don’t start doing good, we should stick to a demo account.

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