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Is a demo account really neccassary?

tobeygomez
Apr 25 at 10:08
24 príspevkov
Yes, a demo account is really important if you want to trade in forex as this will help you to get familiar with the market. Once you get the basics all cleared, then you will be prepared enough to trade through a live account.

Davidfx89
Apr 25 at 10:19
151 príspevkov
right now using demo and using price action trading strategy in there to see the performance how it works.
Charlespeterson
Apr 27 at 06:22
18 príspevkov
To some extent, it is. You need to understand the basic functions of the market and trading platforms before you use your real money. This is exactly what a demo account helps you with. But don’t depend too much on your demo account results since it’s just a simulator.
Akasuki
Apr 27 at 06:37
532 príspevkov
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.

Well said, actually Price Action trading strategy is so powerful technical aspect to follow! In my live trading, I also use the PA trading! Besides, demo account is the best place to practice with!
Crotchet
Apr 27 at 06:44
23 príspevkov
In a way, YES! It’s a fact that you may not get live trading experience on your demo account. But it is also true that you can invite huge losses if you don’t practice on a demo account where you can learn how to use trading software, how to execute a trade, how to make settings, etc.
friedjohan
May 02 at 09:20
17 príspevkov
Practising on a demo account is important and should not be neglected. It helps traders to understand the platform they are trading in and the working of the market.
Parker09
May 03 at 06:18
53 príspevkov
Yes, demo accounts are not only for beginners; even experienced traders use them to develop new strategies and skills to avoid making mistakes during live trading.

As far as I am aware, certain brokers, such as Avatrade and FP Markets demo accounts, provide educational materials for new traders, like video tutorials and e-books, to learn about forex trading.
billysnyder
Jun 16 at 05:10
111 príspevkov
It depends but I personally think that a demo account is necessary as it gives you the experience and overall view of the market without you losing as much as a cent.
Imamul
Jun 17 at 06:16
707 príspevkov
demo is important but sometimes instead of demo i like to trade on micro.
Tradelist45
Jun 21 at 08:21
249 príspevkov
but micro account can make beginners level emotional and greedy.
Akasuki
Jun 21 at 15:13
532 príspevkov
Davidfx89 posted:
right now using demo and using price action trading strategy in there to see the performance how it works.
Hi bro, it’s more than one year & what’s going on there? I’m really interested to know your current trading status!
Hotheead
Jun 23 at 07:18
23 príspevkov
While you may make a strong point, a demo account is also best for beginners to test out new strategies and give the trader an overall idea of how things work in the live market, which may increase confidence and make them less insecure about making on the spot decisions. It’s a great way to practice trade and understand techniques and methods.
CloeTerry
Jul 08 at 07:41
19 príspevkov
I agree with your opinion, but I think that a demo account will help newbies learn better about the world of trading. When a newbie is trading with real money with a small account, the loss will still make them feel something, as they lost their money, however small. They will not feel that way in a demo account. They will learn about the market, and they will be able to judge and tweak their strategies. A demo account has certain drawbacks, but I don’t think that newbies should eliminate a demo account from their learning path.
essencejo
Jul 13 at 06:35
31 príspevkov
Yes, a demo account is essential, especially if you are a beginner. Demo accounts will assist you in developing your own strategies that will ultimately benefit you in your real account.
Piffling
Jul 14 at 04:50
17 príspevkov
Demo account only helps the trader understand what may happen during the live process, although the demo practice only gives you a taste, you won’t be prepared for real loss. So, stay strong mentally and practice until you have back tested different strategies to get the best outcome. It boosts confidence and gives the trader a better idea on market sentiment.
Armisonant
Jul 18 at 06:28
24 príspevkov
No. It is not mandatory to trade with a demo account, but why don't you want to trade with demo accounts? Nobody starts making hundreds of dollars on their first day of trading. Demo accounts are there to help you build trading skills and get familiar with the trading system until you are ready to take actual risk.
Zemirah
Jul 18 at 06:59
16 príspevkov
Demo trading is not really disastrous in my opinion. I would say jumping into live trading without any experience is far more disastrous. New traders should just understand that there is a difference between trading on a demo account and replicating the same trades on a live account. Demo trading is helpful in many ways if a trader uses it properly.
venlamoe
Jul 20 at 08:10
32 príspevkov
When I first started trading, I used a demo account to associate myself with the method, which has helped me understand where I am heading as a trader.
Zaftig
Jul 21 at 10:32
18 príspevkov
Demo trading is a must for every beginner in my opinion. Starting with a real account in the first place will be confusing and overwhelming for them. Also, it helps us to check the trading conditions offered by a broker. And even experienced traders use demo accounts for forward testing their strategies. I still use my demo account along with a live account as it helps me learn and test my trades without risking real money in the first place.
Luca20
Jul 29 at 06:38
10 príspevkov
Even if you ultimately decide to trade live, demo trading can still be very beneficial. Before using real funds, you can test your strategies in a demo account.
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