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Demo trading

Dwane47
Mar 04 2020 at 10:51
31 príspevkov
Most Forex brokers offer the well known MetaTrader platform.

By opening a Forex demo account, you can familiarise yourself with the trading platform by making trades without putting real money at risk

Md Ali Reza Razu (razu4495)
Mar 05 2020 at 17:22
2 príspevkov
I agreed with you. New traders will get benefit from demo trading but my point of view different. I think also should trade in real and invest small money on it. I read a story Go check here: https://bit.ly/2ZkWRi5

Rachel (REB_FX)
Mar 08 2020 at 18:20
40 príspevkov
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?


Demo accounts have a purpose, and serve all new traders well to practice and apply their knowledge as they go without risk, and also for testing new ideas and strategies.

For me, the one thing demo trading lacks is the ability to learn trading mindset and emotional control. Micro accounts are also a very important step in the trading journey as well.

Jules5445
Mar 09 2020 at 11:09
2 príspevkov
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?

A demo account is a good tool for any trader with which you can try new strategies without losing money on a real account

PeteLanceley
Mar 09 2020 at 18:52
48 príspevkov
Demo trading can be good for testing out strategies, but you are never linked to the emotion of losing money. I would always recommend when you are confident to deposit a small amount and do tiny lot sizes. That way you can learn risk management, and accept losses/wins.

spanishtrader799
Mar 12 2020 at 15:01
19 príspevkov
Just for testing - my opinion.
Demo is not a toy - coz you think if you are not losing money on demo you won't lose them on live. FALSE.
When it's a demo account you trade with really high risks. And you carry the same attitude to live.
and BAM! losing all your money.
Use demo just to test out strategies. that's all.

Gabriel7322625
Mar 12 2020 at 15:10
2 príspevkov
demo account is the right tool

Draggyr
Apr 28 2020 at 16:55
19 príspevkov
I also used the demo in the beginning to become a little familiar with trading and see how it all works and if I like it before making a deposit to my account. It sounds like a very useful thing to me and I'm very glad that we are given the opportunity to 'test' a broker before deciding whether it's worth your time and your money at all.
It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.

feelsofine
Apr 29 2020 at 04:25
51 príspevkov
Draggyr posted:
I also used the demo in the beginning to become a little familiar with trading and see how it all works and if I like it before making a deposit to my account. It sounds like a very useful thing to me and I'm very glad that we are given the opportunity to 'test' a broker before deciding whether it's worth your time and your money at all.
It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.


Very good. It is not about being afraid to take risks as you know bigger risks = bigger pay off...it has more to do with not letting your account get wiped out.

Evelyn55
Apr 29 2020 at 07:42
52 príspevkov
PeteLanceley posted:
Demo trading can be good for testing out strategies, but you are never linked to the emotion of losing money. I would always recommend when you are confident to deposit a small amount and do tiny lot sizes. That way you can learn risk management, and accept losses/wins.


Right. since your emotions aren't involved in demo trading, making profits doesn't seem a big deal. Its only when you start live account trading that you realize that its much different than demo trading.

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