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Is demo trading enough before real account?

SteveHanks
Aug 31 2021 at 07:51
536 príspevkov
Williamfreed posted:
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Demo trading is the best place to learn and practice.
Jordan5ith
Aug 31 2021 at 10:25
50 príspevkov
Demo trading is important before live trading to understand the forex market and familiarize the broker's software platforms, but demo alone cannot make you well experience.

Trading live with lower capital and taking certain risks is also important to build new skills and grow forex knowledge to make consistent profits.
croisssan
Aug 31 2021 at 11:43
939 príspevkov
For me, this is the only option if a trader wants to be successful in this industry.
ed1989
Aug 31 2021 at 11:53
11 príspevkov
I used a demo account first off and forums to get advice from others
Emma Marie (reillygirl90)
Aug 31 2021 at 12:50
3 príspevkov
Demoing first is a wise decision and i still use demo to modify my strategy
Unellene
Aug 31 2021 at 13:44
283 príspevkov
demo account is of course good, but there is still a lot to understand and learn, theory is also important
Kalestont
Nov 16 2021 at 08:30
15 príspevkov
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
CraigMcG2020
Nov 16 2021 at 08:34
353 príspevkov
Kalestont posted:
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.

I agree, it absolutely gives something to new and experienced traders. It is key to use it when you want to tweak a strategy or learning a new one. It is not the full answer to successful trading but makes a big difference imo
Daniel993
Nov 17 2021 at 06:55
46 príspevkov
Demo trading lets beginners learn the basics of forex trading and understand brokers trading platforms.

To gain live experience, demo trading is enough, but there is no end to learning in forex because there is consistent development in skill and strategy.
Adribaasmet
Nov 17 2021 at 11:05
994 príspevkov
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
GraceGilm
Nov 17 2021 at 16:48
154 príspevkov
Adribaasmet posted:
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
SteveHanks
Nov 18 2021 at 07:23
536 príspevkov
GraceGilm posted:
Adribaasmet posted:
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
I also agree with you. A demo can not help you to gather all the knowledge and skills about this market.
AndrewMcCalam54
Nov 18 2021 at 09:52
124 príspevkov
demo is master place to acquire all basic knowledge and experience
but in generally we ignore this trading place because there is no real money and we cant focus on there.
miguelcaron
Nov 19 2021 at 10:25
70 príspevkov
Demo trading can be an excellent way to familiarize yourself with the forex market, get a feel for your comfort zone and learn how to read charts.

croisssan
Nov 19 2021 at 13:00
939 príspevkov
I think that a demo account is a really important step for a beginner. At least when I started working with a broker , I used a demo account.
AndrewMcCalam54
Nov 20 2021 at 10:48
124 príspevkov
in order to me i think the demo is really important for newcomers and seniors but people dont trust it. actually demos experience most of the time works to fail. thats the real reason. 
pipham
Nov 23 2021 at 04:49
53 príspevkov
If you are a newbie, nothing is enough alone to learn the art of forex trading. First, you need to gather basic knowledge about trading by enrolling yourself in any reliable online course. Further, you can create a demo account to hone your trading skills. A demo account provides you with the opportunity to back-test your strategies before applying them on live trading. Further, it boosts your confidence when you make profits. You can become a member of various trading forums to learn from other experienced traders. However, you cannot become a trader unless you enter the live trading and involve your real money.
davegordon
Nov 30 2021 at 06:22
23 príspevkov
Demo account doesn’t provide a live trading experience. These are made just for the basic understanding of trading. One must also consider micro accounts after practicing with a demo account briefly. They have minimal initial deposits and hence, decrease the risk while giving a better learning experience.
Lauren (LHill97)
Dec 01 2021 at 12:28
10 príspevkov
I think so, couple your time on demo accounts with time studying either on BabyPips or with reputable traders on YouTube.
Also TradingView is great to be able to see people sharing different analysis on the pairs you're looking at.
LucianVince
Dec 03 2021 at 06:20
34 príspevkov
An absolute NO! Demo trading is beneficial for traders to have trading skills and strategies. However, traders don’t trade demo trading like they would trade their real money. In live trading, traders need to have good risk and money management, along with control on emotions. You can consider moving to live once you have started making consistent profits on demo trading. However, make sure you start with a micro account. Live trading will be a challenging yet a meaningful experience.
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