I disagree with that I know that demo does not include real money so there is less risk involved but that does not mean trading on demo does not give you experience. It gives you the experience of trading in real look-alike conditions. The demo gives you the idea that how the market operates, how can we strategize and how can we become effective and efficient to face the live conditions of the market.
Demo trading is needed more for people who have recently come to the market. To understand approximately how his trading principles work. After all, if an inexperienced person enters the market with real money, the chance that he will lose all his money is 100%. But this is only part of the training. Nothing can replace trading with real money.
Yes, you're right. On the one hand, real trading and demo-trading are two different things. Real trading involves a lot of emotions, while demo trading is more like a game than real business. Still, demo trading is a very important thing, especially if you have never traded. In general, I can compare trading with checkers. You don't have much time to think, so you have to make quick decisions. This can only be achieved with practice, when you study trading patterns and learn to react instantly. A demo account allows you to learn how to trade and recognize trading patterns, so I think it's very important.
It is a very good idea to start with a demo account so that you get to know how Forex works in the first place. A demo account will only help you form a basis for the real account. It will give you an insight into how the system works.
UweMoench posted: Demo can not make you well experienced. No matter how much profit you make with demo. The real test begins when you start to trade with real money. When you trade with real money you get emotionally attached to it. When we are attached to anything, we tend to make mistakes. Demo can only help you to know the trading platform and test your strategy.
I completely agree demo account is only for testing purposes
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