Newcomers and demo trading

Sep 26, 2017 at 14:46
6,556 Zobrazení
157 Replies
Členom od Dec 22, 2021   9 príspevkov
Apr 25, 2022 at 16:38
Europhile posted:
It is always good to practise on a demo account before risking the real money. But some new traders are skipping this step which may not cause any problems if they are good at trading to begin with. Also, being good at trading with a demo account does not indicate that you will be good at trading with a real account too since a demo account is very much different from an actual trading account. Even the strategies that worked perfectly in your demo account may fall apart when you use them in real trading. Still it is better to test your skills in a demo account and it is a lot of fun too.

Sums up what I think as well. Demo should never be skipped. It is too important
Členom od Feb 20, 2021   78 príspevkov
Apr 27, 2022 at 06:14
Beginners should always practice on demo accounts, which practically all brokers provide. This is because it will provide you with an understanding of how the platform works, how to use various tools, and how to get the most of it.
Členom od Sep 10, 2021   20 príspevkov
Apr 28, 2022 at 07:07
davemack posted:
Beginners should always practice on demo accounts, which practically all brokers provide. This is because it will provide you with an understanding of how the platform works, how to use various tools, and how to get the most of it.
with which broker, did you try demo account?
Členom od Oct 29, 2020   21 príspevkov
May 05, 2022 at 07:33
Every trader who is new to Forex can benefit from demo trading. He can gain more understanding about the platform and the market movements by practising demo trading, and after sufficient practice he can trade live.
Členom od Jun 07, 2021   72 príspevkov
May 12, 2022 at 05:19
Demo trading is an important stepping stone in your forex trading career. It makes you well-versed with the market and the software that you will use. It helps you practice your strategies without worrying about losing your money. But it should not become a reason for your unrealistic expectations in the market. You have to take care of that.
Členom od Sep 07, 2020   63 príspevkov
May 13, 2022 at 04:01
whitneytyler posted:
Demo trading is an important stepping stone in your forex trading career. It makes you well-versed with the market and the software that you will use. It helps you practice your strategies without worrying about losing your money. But it should not become a reason for your unrealistic expectations in the market. You have to take care of that.
ya, that's true. Demo trading is the first and most important step to start for trading.
Členom od Dec 28, 2019   20 príspevkov
May 13, 2022 at 19:29
Demo trading is a must of a newcomer. Without a doubt and those ones who claim that demo trading doesn't contribute into trading just are ignorant traders. Demo trading meets your with trading activit,y, but sometimes it of course might be harmful fo traders as it elaborates a kind of 'habit' to trade money which doesn't belong to you. It makes your brain think that it's cool and it's the most comfortable activity for him.

when traders go to real account, it's so tough to them to start trading because their brain tried to 'reject' this idea as it doesn't comfortable for it and the nerve system as well.
Periwield
Členom od Jan 18, 2022   48 príspevkov
May 16, 2022 at 04:16
I don’t think there are any traders who didn’t practice on their demo accounts before live trading. It’s not advised to take the plunge even before you know what it is.
Členom od May 13, 2022   22 príspevkov
May 18, 2022 at 05:40
The demo account is crucial for everyone. A demo is used to evaluate your plan. To determine a strategy's winning probabilities, it must first be tested on a demo. A demo may also be used to gain an understanding of how a trading platform works. On the demo, improve your strategy before implementing it on a real account.
Členom od Jun 12, 2021   132 príspevkov
May 18, 2022 at 07:50
when you have lowest trading spread and good money management then you are able to bring good amount of result by scalping.
Členom od May 13, 2022   34 príspevkov
May 23, 2022 at 09:47
Newcomers need an open mind towards learning and implementing the strategies. They should practice on demo to consolidate their knowledge.
Členom od Mar 23, 2022   26 príspevkov
May 24, 2022 at 06:46
As a newbie, it’s okay to not be well-versed with the exact situation of the market. But it’s wrong to overlook important steps like demo trading that are meant to make you familiar with the market situation. Reading books and watching videos is okay, but don’t overlook demo trading if you don’t want to end your career before you start it.
Členom od May 18, 2022   24 príspevkov
May 24, 2022 at 07:16
The demo is the ideal way to learn Forex trading, but I've noticed that most new traders are misusing their demo! However, some who took their demo so seriously are now enjoying live trading.
Členom od Feb 15, 2022   183 príspevkov
May 27, 2022 at 04:16
For newcomers, practicing in demo account is badly essential because frustration works when traders are in consistent loss. This frustration leads some traders to escape Forex trading. However, those who have high determination and strong mindset can survive in here. So, flourish yourself with a good strategy and proper learning so it doesn’t become a threat to your survival.
Členom od Apr 09, 2019   538 príspevkov
May 31, 2022 at 13:26
Why put the extra pressure on yourself to trade with real money when firstly you need to experiment and work out a trading strategy. Impatience to try and make money is literally the only reason you would.
If you can't spot the liquidity then you are the liquidity.
Členom od May 30, 2022   27 príspevkov
Jun 02, 2022 at 09:44
Demo accounts are the key to success kind of thing for newcomers, I would say. Newcomers should practise on demo accounts as much as possible and should be patient and consistent while practising. The more they practise, the better they get to know about the platform and devise trading strategies, which will help them overcome the pressure of trading in a live account.
Členom od May 13, 2022   23 príspevkov
Jun 24, 2022 at 06:12
It is very essential to trade in a demo account to gain an in-depth knowledge about the market and understand the market behaviour deeply. Not only do demo trading give you experience but also they save you a lot of money. Imagine trading directly in a live account and losing your money!
You must be connected to Myfxbook in order to leave a comment
*Komerčné použitie a spam nebudú tolerované a môžu viesť k zrušeniu účtu.
Tip: Uverejnením adresy URL obrázku /služby YouTube sa automaticky vloží do vášho príspevku!
Tip: Zadajte znak @, aby ste automaticky vyplnili meno používateľa, ktorý sa zúčastňuje tejto diskusie.