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Can I learn forex trading with a demo account?
Členom od Jan 06, 2022
19 príspevkov
Oct 06, 2022 at 11:01
Členom od Jan 06, 2022
19 príspevkov
Yes, You can learn with a demo account. A Demo account will give you the environment of a live account so you can be familiar with it and also helps you to get to know how the market works. You can also understand pricing movements and risks, and it helps you build your confidence before you can learn how to start trading your real money in a live account. You can also try your new strategies in the demo before using them in a live account.
Členom od Oct 01, 2022
53 príspevkov
Oct 07, 2022 at 14:02
Členom od Oct 01, 2022
53 príspevkov
if you have a positive mood on trading in demo i think of course you will be benefited from demo account , no doubt
Členom od Oct 01, 2022
53 príspevkov
Oct 12, 2022 at 06:23
Členom od Oct 01, 2022
53 príspevkov
i trade demo account always besides a real account , this always helps me to see the trading performance before start a real account. everybody should use this
Členom od Oct 04, 2022
15 príspevkov
Oct 13, 2022 at 08:03
Členom od Oct 04, 2022
15 príspevkov
It can equip you with a workable trading strategy. But live accounts are different from demo accounts as your trading psychology kicks in when you start trading with real money. So, real trading is something you learn when you risk your actual capital.
Členom od Aug 04, 2022
1 príspevkov
Oct 22, 2022 at 18:06
Členom od Aug 04, 2022
1 príspevkov
Demo account can be a powerful tool, but also lead to false hope. You must treat it like 'real' money. If you throw your whole demo account into a couple of trades with 500:1 leverage and 50% risk, and they happen to win. Don't think that you are some natural trading guru who is going to be doubling your account every couple of weeks. But if you can take many measured trades with 1-2% risk and build the account slowly, long term, understand 'why' you're taking the trade, then you know that performance can likely be duplicated 'real world'.
Členom od Oct 12, 2016
855 príspevkov
Oct 23, 2022 at 02:33
Členom od Oct 12, 2016
855 príspevkov
Yes, DEMO account trading is a must. First, trade in a DEMO Account at least for 1 to 2 years before switching to REAL account.
If you are consistently making profit in a DEMO account for at least 3 to 6 months, then you can switch to a REAL cent account or micro account and take it further from there. DEMO account helps to learn the basics and the MT4 terminal usage etc.
If you are consistently making profit in a DEMO account for at least 3 to 6 months, then you can switch to a REAL cent account or micro account and take it further from there. DEMO account helps to learn the basics and the MT4 terminal usage etc.
Artificial General Intelligence
Členom od Sep 14, 2022
40 príspevkov
Oct 26, 2022 at 07:42
Členom od Sep 14, 2022
40 príspevkov
Yes, demo account give us really good knowledge for trading. Trading in a demo account gives traders a chance to practice and improve their strategies before going live. It's a good learning medium before switching to a real trading account.
Členom od Mar 28, 2021
617 príspevkov
Oct 28, 2022 at 12:10
Členom od Mar 28, 2021
617 príspevkov
Forex market moves based on global financial situation. As an economic market, it’s quite natural that there will be upturn and downturn.
Členom od Oct 20, 2018
300 príspevkov
Oct 30, 2022 at 20:33
Členom od Oct 20, 2018
300 príspevkov
Not only can but you MUST learn in a demo account.
momchil_slavov@
Členom od Jan 01, 2019
1 príspevkov
Nov 05, 2022 at 12:21
Členom od Jan 01, 2019
1 príspevkov
psyhologically different to trade demo and real money
3 - 100
Členom od Sep 02, 2022
75 príspevkov
Nov 10, 2022 at 05:38
Členom od Sep 02, 2022
75 príspevkov
Igniting knowledge is the primary responsibility of traders. Trading decision making ability plays a significant role for traders.
Členom od Oct 27, 2022
27 príspevkov
Nov 10, 2022 at 11:58
Členom od Oct 27, 2022
27 príspevkov
The best way to learn and understand Forex is to practice on a demo account. A demo account is identical to a live account, except that you trade with a virtual penny.
Členom od Aug 19, 2022
44 príspevkov
Nov 10, 2022 at 20:34
Členom od Aug 19, 2022
44 príspevkov
If you can spare $100 to trade, it's better to try trading in a real account.
Make money with people who know how to make money.
Členom od Sep 13, 2022
16 príspevkov
Nov 11, 2022 at 09:57
Členom od Sep 13, 2022
16 príspevkov
Yes, practising on a demo account is an excellent way to improve your knowledge of forex trading. It facilitates learning and gaining experience in the real market without any constraints. Every trader should learn forex trading by using a demo account.
Členom od Sep 06, 2022
26 príspevkov
Nov 17, 2022 at 07:11
Členom od Sep 06, 2022
26 príspevkov
Why not? Practising to make trade on a demo account will help you gain practical knowledge of forex trading. Practical knowledge of the market and trading is more important than theoretical knowledge.
Členom od Jul 02, 2022
7 príspevkov
Nov 17, 2022 at 14:01
Členom od Jul 02, 2022
7 príspevkov
its everytime nice to try strats and gain knowledge but the only thing that you cant be better on a demo is the fate of losing your money so go on, but mean that if demo says you have 60% winrate on your strats, stay trading that , you will win anytime and recover from all some neccesary information about to be better
Členom od Jul 02, 2022
7 príspevkov
Nov 17, 2022 at 14:03
Členom od Jul 02, 2022
7 príspevkov
Imamul posted:bc demo doesnt improve your mental, if you wanna trade like an idiot tou can, know what i mean?Jamerson posted:demo is okay , but most of the traders dont believe the importance of demo account at all.
Demo trading aids in improving traders' understanding of the trading process. It is critical to back-test tactics before settling on one that you believe will be successful.
Členom od Aug 05, 2021
401 príspevkov
Nov 17, 2022 at 17:15
Členom od Aug 05, 2021
401 príspevkov
I think it's important to utilize a variety of different resources - books, video, articles, courses, etc. A demo account is the best hands on tool for new traders, it can definitely help you take that knowledge and learn how to apply it.
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