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Is a demo account really neccassary?

tobeygomez
Apr 25 at 10:08
22 комментариев
Yes, a demo account is really important if you want to trade in forex as this will help you to get familiar with the market. Once you get the basics all cleared, then you will be prepared enough to trade through a live account.

Davidfx89
Apr 25 at 10:19
145 комментариев
right now using demo and using price action trading strategy in there to see the performance how it works.
Charlespeterson
Apr 27 at 06:22
18 комментариев
To some extent, it is. You need to understand the basic functions of the market and trading platforms before you use your real money. This is exactly what a demo account helps you with. But don’t depend too much on your demo account results since it’s just a simulator.
Akasuki
Apr 27 at 06:37
521 комментариев
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.

Well said, actually Price Action trading strategy is so powerful technical aspect to follow! In my live trading, I also use the PA trading! Besides, demo account is the best place to practice with!
Crotchet
Apr 27 at 06:44
23 комментариев
In a way, YES! It’s a fact that you may not get live trading experience on your demo account. But it is also true that you can invite huge losses if you don’t practice on a demo account where you can learn how to use trading software, how to execute a trade, how to make settings, etc.
friedjohan
May 02 at 09:20
17 комментариев
Practising on a demo account is important and should not be neglected. It helps traders to understand the platform they are trading in and the working of the market.
Parker09
May 03 at 06:18
49 комментариев
Yes, demo accounts are not only for beginners; even experienced traders use them to develop new strategies and skills to avoid making mistakes during live trading.

As far as I am aware, certain brokers, such as Avatrade and FP Markets demo accounts, provide educational materials for new traders, like video tutorials and e-books, to learn about forex trading.
billysnyder
Jun 16 at 05:10
101 комментариев
It depends but I personally think that a demo account is necessary as it gives you the experience and overall view of the market without you losing as much as a cent.
Imamul
Jun 17 at 06:16
702 комментариев
demo is important but sometimes instead of demo i like to trade on micro.
Tradelist45
Jun 21 at 08:21
244 комментариев
but micro account can make beginners level emotional and greedy.
Akasuki
Jun 21 at 15:13
521 комментариев
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.
Hi bro, it’s more than one year & what’s going on there? I’m really interested to know your current trading status!
Hotheead
Jun 23 at 07:18
20 комментариев
While you may make a strong point, a demo account is also best for beginners to test out new strategies and give the trader an overall idea of how things work in the live market, which may increase confidence and make them less insecure about making on the spot decisions. It’s a great way to practice trade and understand techniques and methods.
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