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Demo can not make you well experienced
Členom od Jan 11, 2022
45 príspevkov
Feb 04, 2022 at 06:52
Demo can’t make you a trader because it isn’t the same as the actual trading platform. There are some loopholes; you don’t risk money from your pocket; and you don’t trade with emotions. These two aspects are important to become a forex trader. Demo accounts are helpful to train and develop trading skills, but can’t turn you fully into a pro trader.
Členom od Jan 18, 2022
20 príspevkov
Feb 04, 2022 at 08:04
Yes, a demo account can’t provide you the real trading environment truly but still there is a lot to learn from the demo. You can practice any strategy to get familiar with its working. You can use various indicators to find out the best way to use them.
Členom od Aug 21, 2021
60 príspevkov
Feb 04, 2022 at 12:35
Demo trading can make you well aware of the market and I consider it one of the best ways to learn forex trading.
Členom od Dec 09, 2013
138 príspevkov
Feb 05, 2022 at 07:38
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.
Demo trading does not make some one a professional or experienced trader. However, it is good enough to provide enough experience to feel the heat of the market. If a trader does not learn from demo trading, he would end up making so many losing trades. At the end, he would lose his confidence as well. My realization is a trader must learn through demo trading.
Členom od Jun 26, 2020
323 príspevkov
Feb 07, 2022 at 07:16
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.
Členom od Feb 07, 2022
24 príspevkov
Feb 08, 2022 at 05:35
Demo is the foundation. You learn the basics but what you cannot learn on demo is emotional management. You need to enter live trading for that. This can be done by starting small with a micro account.
Členom od Jan 24, 2022
15 príspevkov
Feb 08, 2022 at 11:58
Demo is equally important just like the micro live account.
Členom od Aug 10, 2021
172 príspevkov
Apr 04, 2022 at 01:28
Demo account is the best option to learn forex and I have learned a lot with practice over demo account.
Členom od Apr 03, 2022
6 príspevkov
Apr 04, 2022 at 04:46
Yes you can make
Členom od Jan 21, 2022
57 príspevkov
Apr 15, 2022 at 09:18
A demo account is used for practice. It doesn’t make you an experienced trader. It only helps you with trial and error and you test your strategy to see if it works or not. When you trade with real money, only then you’ll be considered experienced after a period of time, when you pick up tricks of the trade.
Členom od Jun 26, 2020
323 príspevkov
Apr 17, 2022 at 07:37
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless. beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.
Členom od Apr 14, 2022
32 príspevkov
Apr 19, 2022 at 10:25
It is not true. Once the strategy which you are using for the demo platform is fully sound and developed, it should be used for the live trading as well.
Členom od Mar 17, 2022
29 príspevkov
Apr 22, 2022 at 05:02
No matter how much you practice on a demo account, it only gives you a vivid idea as you’re dealing with virtual money, when you start live trading, your experiences change and you realise the mistakes and how to rectify them. Ultimately, a demo account does not make you an experienced trader, it may give you unrealistic profit expectations, only use it to practice.
Členom od Aug 10, 2021
172 príspevkov
Apr 25, 2022 at 02:09
The demo is a proper way or a teacher to gain experience.
Členom od Jun 19, 2021
48 príspevkov
Apr 25, 2022 at 02:15
I did not succeed in trading live until I learned how to trade the demo, but the demo had to do EXTREMELY well in order for me to do well trading live.
*I kill pips for fun.*
Členom od Apr 21, 2022
2 príspevkov
Apr 25, 2022 at 05:58
In my opinion, it is because you can test your psychology, apply risk management, and overall put your plan to the test, even if it is a demo account. You get real-world experience that will aid you when you begin trading live.
Členom od Apr 04, 2022
25 príspevkov
Apr 26, 2022 at 05:46
I have to agree with everyone saying that demo accounts don’t prepare you for the live market conditions. You do get an introduction to the live market through your demo account but when it comes to understanding the live market, you will have to trade in the live market. You can make use of a micro account for that purpose.
Členom od Apr 18, 2022
55 príspevkov
Apr 26, 2022 at 09:33
A demo account, in my opinion, will help you understand how forex trading works and which trading strategies are most advantageous. It will teach you how to trade without risking real money.
Členom od May 27, 2021
56 príspevkov
Apr 26, 2022 at 11:03
I agree that a demo can't make you experienced but it can make you well prepared for the live trading.
Členom od Apr 14, 2022
16 príspevkov
Apr 28, 2022 at 06:30
Demo trading accounts are very different from a real trading account. Although it is a good learning platform for newbie traders, in order to gain actual experience and understanding they will have to operate a real trading account with their own money. The market movements and trends need to be seen in real time by new traders, so that they can become skilled traders over time. The kind of emotion that a trader will have to deal with while engaging in forex trade, can only be felt when they are trading on a real account. And achieving emotional stability is something that you get after you start trading in real life.
