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Demo can not make you well experienced

Cooper078
Aug 05 at 13:18
23 príspevkov
A demo account indeed can't only make you well experienced. It is also important to trade live for proper exposure to the forex market and to build various skills or strategies.

HeavenLeighGill (HeavLeighGill26)
Aug 05 at 15:09
116 príspevkov
Good point.
I do think that demo accounts are one of the best hands on tools that traders can access. It really helps one to gain an understanding and idea of how trading works, test strategies, learn the mechanics of trading and so on.
Still, demo accounts can’t prepare you for the roller coaster of emotions that come with real trading. Fear and anxiety or depression over losses is real.
One of the best tips I’ve found to help take demo losses more seriously is to give yourself real life consequences and rewards so that you do feel something when you gain or lose. For example, treat yourself to your favorite dinner at the end of the week if you profit, or make yourself do x amount of push-ups instead if you lose money.
In the end, I do think everyone should still start with a demo and it helps to be aware of the difference in emotion so as not to be blindsided when going live.

Alexthetrader
Aug 05 at 17:36
52 príspevkov
HeavLeighGill26 posted:
Good point.
I do think that demo accounts are one of the best hands on tools that traders can access. It really helps one to gain an understanding and idea of how trading works, test strategies, learn the mechanics of trading and so on.
Still, demo accounts can’t prepare you for the roller coaster of emotions that come with real trading. Fear and anxiety or depression over losses is real.
One of the best tips I’ve found to help take demo losses more seriously is to give yourself real life consequences and rewards so that you do feel something when you gain or lose. For example, treat yourself to your favorite dinner at the end of the week if you profit, or make yourself do x amount of push-ups instead if you lose money.
In the end, I do think everyone should still start with a demo and it helps to be aware of the difference in emotion so as not to be blindsided when going live.

 'Demo accounts can’t prepare you for the roller coaster of emotions that come with real trading. Fear and anxiety or depression over losses is real.' Couldn't agree more on this buddy! Emotions are something which can either make your trades or ruin them.

Suradi (FXOday)
Aug 05 at 23:36
170 príspevkov
Yes, of course, a demo account always becomes a good place to start learning for all beginners, practice in the demo account is one way to minimize the risk due unknowledgeable, although not involved emotion in the demo but actually good to learn how to manage money in uncertainty market condition, done backtest any trading system etc

WaltonCharles
Aug 06 at 12:36
128 príspevkov
FXOday posted:
Yes, of course, a demo account always becomes a good place to start learning for all beginners, practice in the demo account is one way to minimize the risk due unknowledgeable, although not involved emotion in the demo but actually good to learn how to manage money in uncertainty market condition, done backtest any trading system etc

A demo is the best way to practice.

Protodonk
Aug 25 at 19:37
6 príspevkov
I guess that those traders who claim that trading on demo account can somehow make you well experienced should never advice novices how to start off in trading activity wisely. Everything because demo account gives you nothing but the common understanding about trading activity. Also, it give you an opportunity to test, edit or create your trading strategy which you will use on a real account. Never rely on demo account and never think that you can trade there all the time. Once you won't notice how you started to be afraid of real account because you're afraid of losses. I advice traders not to stay on demo more than couple of months.

Suradi (FXOday)
Aug 25 at 21:43
170 príspevkov
Demo account remain useful, a trader can learn free in a demo account, test trading strategy before implemented in the real trading account, there are so many seller trading software only use a demo account to convincing their customers.

AliaDare
Aug 26 at 01:47
682 príspevkov
FXOday posted:
Yes, of course, a demo account always becomes a good place to start learning for all beginners, practice in the demo account is one way to minimize the risk due unknowledgeable, although not involved emotion in the demo but actually good to learn how to manage money in uncertainty market condition, done backtest any trading system etc

I also agree with you, you need to use the demo platform to minimize the risk. And the demo platform helps a lot to control emotions.

bridgekarate
Aug 26 at 10:24
6 príspevkov
Demo trading is a necessary but not sufficient tool when learning how to trade

Marcel Durham (MarcellusLux)
Aug 26 at 10:51
94 príspevkov
Correct setup of a trading system requires constant testing if you make changes. At the beginning of the trading way, you can start trading with Demo, but then you must definitely test trading on minimum deposits, and only after that, you can start trading with the main volume.
The most important thing here is to gain experience in money management and risk management, and not start earning from the first minutes of trading. The good performance of a trading system depends not only on the algorithms (even if it is an EA), but also on who is the manager. The trader must be trained and ready for a wide variety of situations.

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