Purpose of demo trading
Členom od Feb 05, 2016
31 príspevkov
Jun 22, 2021 at 06:09
When trading on the demo, you can get experience in the real market. This is much better than testing strategies on history.
Členom od Jun 17, 2021
21 príspevkov
Jun 23, 2021 at 06:05
Demo accounts are used for gaining practical trading experience without the involvement of real money. There is no real money transaction in demo accounts and hence a great platform to learn, test new strategies and do a lot of other experiments without any risk of loss.
Členom od Mar 28, 2021
617 príspevkov
Jun 27, 2021 at 10:09
In demo account, we can test our strategy before applying it on live trading. It is not a good idea to use any strategy directly to a live account without any experiment.
Členom od Dec 11, 2020
18 príspevkov
Jul 05, 2021 at 10:27
From the day I started my trading journey, demo accounts played the most important part for my learning. I preferred these to test strategies before risking it with live trading.
Členom od Aug 11, 2019
21 príspevkov
Oct 06, 2021 at 18:58
The main purpose of demo trading is to dive a rookie into trading activity. Actually, this purpose is quite clear. It is created to teach new traders how to treat the market. Of course, there is no theory on demo, just practice, but lots of brokers nowadays provide you with special educational courses which are directed to teaching you theory of trading. Of course, you should dedicate enough time to it, however if your intentions are strong and you have really decided to connect your life with trading, then you must pass all the steps on your way to success and wealth. It's hard enough, but there are no other ways.
Členom od Aug 17, 2021
94 príspevkov
Oct 09, 2021 at 18:40
Demo accounts are used by stock trading platforms, foreign exchange trading venues, and commodities exchanges. Demo accounts are geared toward those who've always wanted to trade, but don't have enough money, have the money but don't know where to start, or are experienced traders who want to test new strategies.
Členom od Aug 05, 2021
401 príspevkov
Oct 12, 2021 at 17:05
I think demo accounts serve a great purpose and those that use them long enough and actually focus on strategies are much more prepared when they switch to a real account. It's true that you don't get the emotional aspect of trading from a demo, but that doesn't mean that one should skip over them.
Členom od Mar 17, 2021
536 príspevkov
Oct 12, 2021 at 21:01
Unellene posted:A demo is the best place to learn forex properly.
it's bad that many treat the demo as something unnecessary, but this is far from the case, this is a very important feature in the work of a trader
Členom od Oct 06, 2021
15 príspevkov
Oct 13, 2021 at 07:16
One of the best way to start your trading
Členom od Aug 21, 2021
61 príspevkov
Oct 13, 2021 at 11:32
As per my point of view, through demo trading you can enhance your skills, know about a particular trading environment and can make yourself prepare for the live trades.
Členom od Jul 03, 2021
18 príspevkov
Oct 14, 2021 at 04:40
The demo helps to learn trading skills. It is very difficult to make money from trading if you have incomplete knowledge about the forex trading Therefore, all types of analysis should be practices through demo trading.
Členom od Apr 21, 2021
12 príspevkov
Oct 18, 2021 at 08:51
Demo account is good for newbies. When you just start your trading way. Demo is good for testing your strategy. MAybe that's all. :-)
Členom od Dec 15, 2019
20 príspevkov
Oct 20, 2021 at 16:41
The main goal of demo trading is to meet a trader with trading activity. It's a quite good instrument for acquiantance with various oeculiarities and features of trading activity. It literally teaches you how to trade. It's a great empirical method I guess. There are no alternatives to it. Even if you will watch some videos where traders make traders, it won't give you such experience as your own demo-trading will. In my opinion, the main two things in the process of learning trading activity are theory (videos,courses,information) and demo-trading. All brokers offer such a function. You can also create, edit and test strategies on demo account.
Členom od Jun 17, 2021
12 príspevkov
Oct 21, 2021 at 05:44
Demo account is necessary to build skills to move in real trading world.
Členom od Jul 03, 2021
18 príspevkov
Oct 21, 2021 at 06:11
Its forex traing process to make ready for live trading.
Členom od Jun 14, 2021
53 príspevkov
Oct 26, 2021 at 04:42
Demo accounts offer an opportunity for traders who are interested in learning more about forex trading or who want to test out a new type of trading strategy without putting their money at risk. But it will not give you the experience of actually trading.
Členom od Mar 28, 2021
617 príspevkov
Oct 26, 2021 at 07:01
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Členom od Apr 09, 2019
538 príspevkov
Oct 26, 2021 at 10:52
For developing your skill and understanding of the way the market moves. This helps for strategy development and testing.
If you can't spot the liquidity then you are the liquidity.
Členom od Jun 14, 2021
53 príspevkov
Oct 28, 2021 at 04:42
Akasuki posted:Absolutely, I would just say that a demo trader need to however keep trading realistic, and not use a bigger amount in demo when in live he would be using a smaller account.
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.
Členom od Jun 19, 2020
38 príspevkov
Oct 28, 2021 at 06:38
Demo trading is not mandatory, but it is essential to test and enhance your trading skills. The purpose of demo trading is to strategize and develop practices that can make you a trader who knows how to minimise risks.
