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Is demo trading enough before real account?

emily_smith
Jun 18 2018 at 11:58
22 príspevkov
Yes demo trading is enough if done with proper attention and discipline. But you need to control your emotions and need to be serious while trading on demo. If you will trade on demo account with the psychology that this is your real account than surely demo trading is enough before opening live account.
Psychology plays the crucial role in demo trading.

KnightsofKornor (KnightsofKornor)
Jun 18 2018 at 12:04
27 príspevkov
emily_smith posted:
Yes demo trading is enough if done with proper attention and discipline. But you need to control your emotions and need to be serious while trading on demo. If you will trade on demo account with the psychology that this is your real account than surely demo trading is enough before opening live account.
Psychology plays the crucial role in demo trading.

Agreed!

Dandelion
Jun 19 2018 at 11:33
10 príspevkov
I think demo trading is enough ONLY if you then open a real account using micro lots. Start small on the real account and work your way up. If you start trading with 1 Lot you will get freaked out

lucywarren
Jun 21 2018 at 11:10
9 príspevkov
Dandelion posted:
I think demo trading is enough ONLY if you then open a real account using micro lots. Start small on the real account and work your way up. If you start trading with 1 Lot you will get freaked out

I agree. Even when you switch from demo to live trading you should start with small investment and eventually increase it depending on how you are performing. If you initially invest a huge amount there's a good chance of losing it since you'll be fresh out of the demo trading experience. As we all know live trading is totally different.

petkofxlev38
Jun 26 2018 at 12:29
14 príspevkov
Demo trading is enough only in algorithmic trading where you can test any Expert Advisor for some period of time. In manual trading the emotions mess everything up. Even you achieve 100% in a month on a Demo with unreasonable money management, the chances to lose 100% are there on live account. First you will not take huge risks as on the Demo, and second the greed to take the profits quickly will make you lose. Sometime ago I took one course from EA Forex Academy, where the mentor teaches 3 different methods to test on a Demo account before trading on live. I looked for the course, and here it is: https://eaforexacademy.com/courses/forex-strategy-course-portfolio-trading/

sarahlawrence
Jul 02 2018 at 10:27
20 príspevkov
This is something that you should be able to answer for yourself based on how you judge your performance in demo account. If you think you have been earning consistently well and that you have learned everything you need to in order to start live trading then you can switch to live trading. However start by trading in micro account first.

oliviapeters
Jul 17 2018 at 11:34
12 príspevkov
KnightsofKornor posted:
lucie_fxtrader posted:
Hi all,

As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?

Thank you!


Go to real account to know the real emotion.
Rightly said. It is very important to factor in the effect of real emotions on our trading styles and results. Demo trading is a beneficial tool for testing strategies for both newbies and veterans but only if you trade like you are trading live. Not easy, but certainly very much essential. Otherwise it won't be of much use.

Mohammadi
Jul 19 2018 at 10:56
886 príspevkov
Beginners should trade demo account minimum for 3 months for acquiring real trading experience which is very supportive to continue a live trading in a proper way. but they don’t believe the importance of this trading place at all. so it would be better if they start minim live account instead of demo trading.

Karel (Bohdan73)
Aug 22 2018 at 06:38
51 príspevkov
Before starting to test and develop strategies make sure to find a broker where the demo account has the same trading conditions as live. Meaning the charts and price movements are the same.

Also, when you open the demo - ask the broker to set the leverage and starting account balance (equity) to be the same as the one you will be using on live.

Trade with determination!
danmulligan
Aug 23 2018 at 06:48
8 príspevkov
It will depend on how long and how efficiently you traded on demo account. If you took it seriously as if it were live trading, observing and learning the minutest of details then it will be enough. My advice to you would be to not rush to live account. Take your time.

vontogr (togr)
Aug 23 2018 at 10:56
4862 príspevkov
What else than demo trading you can do prior real trading, enlighten us?

Aleixo1
Aug 23 2018 at 11:02
12 príspevkov
I was on demo for 1 year but I think that was too long. 6 month si probably better then start on a micro live account

BookHog
Aug 24 2018 at 05:56
9 príspevkov
I went for 3 months on demo and it was not long enough. I thought I knew what I was doing but as soon as I went 'live' everything went out the window

jamesgwyther
Aug 24 2018 at 06:11
289 príspevkov
demo demo demo then demo some more

Kurt (KurtSung)
Aug 24 2018 at 07:07
12 príspevkov
Demo trading is a good choice for your experimental strategies or developing and observing your own patterns. However, it would have a hard time trading with real account because the numbers inside mean your money. Then emotions come to your mind and make you hesitate.

Overall, it's good to use demo account to practice.

Discipline rules, not emotions.
jamesgwyther
Aug 24 2018 at 09:28
289 príspevkov
KurtSung posted:
Demo trading is a good choice for your experimental strategies or developing and observing your own patterns. However, it would have a hard time trading with real account because the numbers inside mean your money. Then emotions come to your mind and make you hesitate.

Overall, it's good to use demo account to practice.


Demo trading is vital but yes I agree that it does not prepare you mentally.

diane2000_trader
Aug 29 2018 at 08:56
6 príspevkov
KurtSung posted:
Demo trading is a good choice for your experimental strategies or developing and observing your own patterns. However, it would have a hard time trading with real account because the numbers inside mean your money. Then emotions come to your mind and make you hesitate.

Overall, it's good to use demo account to practice.
True. You tend to react differently on live accounts,, especially inn the beginning. Of course that does not discount the importance of demo accounts. They have proven to be quite beneficial for my trading, as with everyone.

Dandelion
Aug 29 2018 at 11:57
10 príspevkov
trading a small live account with 0.01 lot is a good way to go. I did that for a few months after demo and really helped me

willtradr
Jul 19 2019 at 09:38
26 príspevkov
Demo Trading is an invaluable tool for both newbies and experienced traders as it is good to test strategies or methods. If you feel that demo trading is not enough so may be you can try to read some books and seek some adviser's help who will train and teach you about the market trends and movement.

jamesgwyther
Jul 19 2019 at 14:30
289 príspevkov
togr posted:
What else than demo trading you can do prior real trading, enlighten us?


Very low lot size real trading.

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