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DEMO ACCOUNT vs LIVE ACCOUNT
Členom od Dec 11, 2015
1462 príspevkov
May 27, 2017 at 08:22
Členom od Dec 11, 2015
1462 príspevkov
Bohdan73 posted:Professional4X posted:
I agree with you. If a person develops good skills, controlled emotional discipline, and a solid understanding of what really moves the markets, you can make a very good income from trading. But it takes a lot of work and education in order to make a good income from it.
This is the holy grail of trading what you explain. Everyone should strive for it 😄 I agree that it takes lot of work!
I agree. That is the only holy grail of trading, in my opinion - hard work. To study, to practice, to learn from one's mistakes. There are no shortcuts.
Členom od May 29, 2017
4 príspevkov
May 30, 2017 at 06:36
Členom od May 29, 2017
4 príspevkov
12 months demo and since 10 month with real
Členom od Dec 11, 2015
1462 príspevkov
May 31, 2017 at 12:01
Členom od Dec 11, 2015
1462 príspevkov
manolo83 posted:
12 months demo and since 10 month with real
Are you satisfied with the results of either?
Členom od Jul 19, 2020
749 príspevkov
Jun 29, 2021 at 12:53
Členom od Jul 19, 2020
749 príspevkov
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
Členom od Jun 23, 2021
8 príspevkov
Jun 30, 2021 at 12:56
Členom od Jun 23, 2021
8 príspevkov
UweMoench posted:
The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.
I cannot add any more. This post IS the answer to the thread
Členom od Jun 12, 2021
132 príspevkov
Jul 01, 2021 at 13:23
Členom od Jun 12, 2021
132 príspevkov
the main different between demo and live is all about psychology , nothing without it , in reality there is no technical different between two.
Členom od Jul 23, 2020
816 príspevkov
Jul 06, 2021 at 13:25
Členom od Jul 23, 2020
816 príspevkov
Both accounts are essential for learning.
Členom od Jul 04, 2021
5 príspevkov
Jul 06, 2021 at 18:09
Členom od Jul 04, 2021
5 príspevkov
I would suggest starting out with a demo account for at least a year before attempting to trade on a live account. You should minimalize your risks.
Členom od Mar 28, 2021
586 príspevkov
Dec 22, 2021 at 05:49
Členom od Mar 28, 2021
586 príspevkov
LyudmilLukanov posted:
Both accounts are essential for learning.
Basically they both are same the difference is that the live account has real money involved, although you have traded in the Demo accounts , their is this psychological factor comes into play which might hinder your decisions.
Členom od Aug 05, 2021
394 príspevkov
Dec 26, 2022 at 15:36
Členom od Aug 05, 2021
394 príspevkov
It's almost identical. Only thing is that there is a difference from a psychological standpoint.
Členom od Aug 10, 2021
18 príspevkov
Dec 27, 2022 at 17:51
Členom od Aug 10, 2021
18 príspevkov
I think beginners will be surprised to learn how many experienced traders use demo accounts to test strategies.
Členom od Aug 27, 2017
84 príspevkov
Feb 03, 2023 at 03:23
Členom od Aug 27, 2017
84 príspevkov
For me, demo is good to be familiar with how the trading platform works. However, if you want the real trading experience, you need some money on the line. It doesn't have to be big, you just need to have the same feelings or emotions when trading a bigger account. With demo, you tend to be reckless with your trades because you have nothing to lose and that might lead to a bad habit.
Trading is a marathon, not a sprint.
Členom od May 31, 2021
44 príspevkov
Feb 03, 2023 at 08:16
Členom od May 31, 2021
44 príspevkov
The goal of the demo is to become acquainted with the trading mechanism. Another goal of the demo is to put your strategy to the test. Continue to demo until you find a proven method.
On demo, define your entry, exit, risk, reward, and risk management policies. You can begin live trading once you are convinced.
On demo, define your entry, exit, risk, reward, and risk management policies. You can begin live trading once you are convinced.
Členom od Mar 05, 2019
10 príspevkov
Feb 06, 2023 at 14:39
Členom od Mar 05, 2019
10 príspevkov
It is very important but you can learn so much on a demo so that when you go live you have 95% of the skills you need
Členom od Mar 16, 2023
5 príspevkov
Apr 14, 2023 at 05:28
Členom od Mar 16, 2023
5 príspevkov
I'm still learning how to trade on a demo account, but I'm worried about not being ready for a real account yet.
I am afraid that I will lose real money quickly.
I am afraid that I will lose real money quickly.

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