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Is demo trading enough before real account?

Lesterkobi
Dec 15 2016 at 14:56
8 комментариев
@togr Yes I surely would, but I don't really understand such comparison you provided. But platform working, quote flow, support services, movements on trading accounts - all this is some work and maintenance for brokers. I don't really think that doing such option of closing demo account from definite open or close date is something special, and I am completely sure that it can be done automated. Do you think broker employees really like digging out of requests asking for prolonging or reopening demo accounts instead? 😉

Sotarbin
Dec 16 2016 at 08:42
12 комментариев
As for me, that is a bit strange question - 'Is demo account enough before real trading?' If you ask me this, I will ask the counterquestion: Do I have another choice? If you are a total newbie, demo accounts are a must. But this is the only stage before real one, leave alone those who learn from live straight away

Bohdan73 (Bohdan73)
Dec 18 2016 at 08:02
51 комментариев
Demo expiration conditions are all a matter of user experience and usability of broker platform for testing. I also think it is a good idea to have some rule for inactivity. It can be applied by any broker that tries to serve well its clients.

Bohdan73 (Bohdan73)
Dec 19 2016 at 12:43
51 комментариев
huseinn posted:
Yes, it is a need for adaptation and learning for beginners, before the real big step. The real trade.


How long did it take you to make this big step? Did you feel fully prepared when you did the first real trade?

MC85
Dec 19 2016 at 15:03
48 комментариев
Good points about the demo expiration rules. Could be beneficial for everyone 😄 When it comes to demo - yes, it is enough as long as you practiced enough what you have learned.

jackwilliams
Feb 09 2017 at 10:56
22 комментариев
Demo account helps you to apply all those concepts that you have understand theoretically. However, you must only go for live trading after building desired amount of confidence. Before going live, you can also try social trading platforms where you can copy the trades of the experts onto your account and can learn from their trades. Demo trading helps you to get familiar with the ever changing concept of market. And always start with small amount of real account initially.

VickyJones
Feb 09 2017 at 14:39
45 комментариев
jackwilliams posted:
Before going live, you can also try social trading platforms where you can copy the trades of the experts onto your account and can learn from their trades.


Interesting point, about the copy trading. Haven't thought of this aspect earlier 😄

shirley_F (shirley_F)
Feb 14 2017 at 09:57
41 комментариев
As we all see and seem to agree, demo account can be used for multiple purposes for risk free experience. I wouldn't call it a 'trading experience' though 😄

togr (togr)
Feb 17 2017 at 10:41
4862 комментариев
Lesterkobi posted:
@togr Yes I surely would, but I don't really understand such comparison you provided. But platform working, quote flow, support services, movements on trading accounts - all this is some work and maintenance for brokers. I don't really think that doing such option of closing demo account from definite open or close date is something special, and I am completely sure that it can be done automated. Do you think broker employees really like digging out of requests asking for prolonging or reopening demo accounts instead? 😉


For unlimited account you spend your resources keeping the trades history, and also you would have to keep much more such accounts. I am not talking about employees salaries but resources needed for that. That could be also some fees for greed crapquotes in game.

mlawson71
Feb 19 2017 at 12:52
1487 комментариев
I think that there’s one thing that needs to be pointed out here – demo account has to be enough before one moves onto a live account, because there’s little else a newbie trader can do, as far as I know.

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