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Demo can not make you well experienced

Sep 29, 2020 at 14:34
5,264 Visa
204 Replies
Medlem sedan Jan 21, 2022   57 inlägg
Apr 15, 2022 at 09:18
A demo account is used for practice. It doesn’t make you an experienced trader. It only helps you with trial and error and you test your strategy to see if it works or not. When you trade with real money, only then you’ll be considered experienced after a period of time, when you pick up tricks of the trade.
Medlem sedan Jun 26, 2020   327 inlägg
Apr 17, 2022 at 07:37
demo experience sometimes doesn't work in really account, its really true. but that not mean , it is useless.  beginners level of course minimum have to spend 3-5 months in here to ensure live trading experience.  
Medlem sedan Apr 14, 2022   32 inlägg
Apr 19, 2022 at 10:25
It is not true. Once the strategy which you are using for the demo platform is fully sound and developed, it should be used for the live trading as well.
Medlem sedan Mar 17, 2022   29 inlägg
Apr 22, 2022 at 05:02
No matter how much you practice on a demo account, it only gives you a vivid idea as you’re dealing with virtual money, when you start live trading, your experiences change and you realise the mistakes and how to rectify them. Ultimately, a demo account does not make you an experienced trader, it may give you unrealistic profit expectations, only use it to practice.
Medlem sedan Aug 10, 2021   176 inlägg
Apr 25, 2022 at 02:09
The demo is a proper way or a teacher to gain experience.
Aaron Countee (FaintToasted)
Medlem sedan Jun 19, 2021   49 inlägg
Apr 25, 2022 at 02:15
I did not succeed in trading live until I learned how to trade the demo, but the demo had to do EXTREMELY well in order for me to do well trading live.
*I kill pips for fun.*
Rahima khan (rahimakhan1)
Medlem sedan Apr 21, 2022   2 inlägg
Apr 25, 2022 at 05:58
In my opinion, it is because you can test your psychology, apply risk management, and overall put your plan to the test, even if it is a demo account. You get real-world experience that will aid you when you begin trading live.
Medlem sedan Apr 04, 2022   25 inlägg
Apr 26, 2022 at 05:46
I have to agree with everyone saying that demo accounts don’t prepare you for the live market conditions. You do get an introduction to the live market through your demo account but when it comes to understanding the live market, you will have to trade in the live market. You can make use of a micro account for that purpose.
Medlem sedan Apr 18, 2022   51 inlägg
Apr 26, 2022 at 09:33
A demo account, in my opinion, will help you understand how forex trading works and which trading strategies are most advantageous. It will teach you how to trade without risking real money.
Medlem sedan May 27, 2021   57 inlägg
Apr 26, 2022 at 11:03
I agree that a demo can't make you experienced but it can make you well prepared for the live trading.
Medlem sedan Apr 14, 2022   16 inlägg
Apr 28, 2022 at 06:30
Demo trading accounts are very different from a real trading account. Although it is a good learning platform for newbie traders, in order to gain actual experience and understanding they will have to operate a real trading account with their own money. The market movements and trends need to be seen in real time by new traders, so that they can become skilled traders over time. The kind of emotion that a trader will have to deal with while engaging in forex trade, can only be felt when they are trading on a real account. And achieving emotional stability is something that you get after you start trading in real life.
Medlem sedan Oct 29, 2020   21 inlägg
May 06, 2022 at 06:37
Yes, demo trading can not make you perfect in trading. No doubt you learn a lot about trading and acquire various skills while trading on a demo account but most traders use it to backtest their strategy.
Medlem sedan Mar 17, 2022   47 inlägg
May 12, 2022 at 06:12
Demo account is the best place for practice and experience trading. In the demo account, we get access to a real forex trading platform for practising our strategies and there’s a zero chance of losing money on it. It will boost our experience and decision making skills.
Medlem sedan Sep 07, 2020   63 inlägg
May 13, 2022 at 03:57
I strongly disagree. I believe that demo trading exists solely to assist you to refine your methods or backtest your strategies, given that you are not spending money in your demo trading. When compared to live, one thing you will not be able to feel is emotions when placing an order.
Medlem sedan May 13, 2022   22 inlägg
May 23, 2022 at 10:28
That is incorrect. The demo account is an excellent area to practice trading and gain experience. It is perhaps the most valuable aspect of forex trading because it allows you to study and acquire expertise without risking any real money.
Medlem sedan May 11, 2020   21 inlägg
May 28, 2022 at 20:50
demo account doesn't have such a function - to make traders well experienced, but i can agree that there are bunch of traders who think otherwise. they believe that demo trading will help them to gain as much as experience as other traders receive on real accounts... nah, it doesn't work like that. probably, you will just find the comfort level for you and the days fly and it will be so difficult to relocate on a real account that finally it will lead to the only exit - exit from trading.

hence, i am convinced that the necessity of demo trading shouldn't be overestimated like you will be as skilful as professional traders due to demo. it is just an instrument, no more. traders have to consider demo accounts as the bridge to the world of trading, the only way is to pass this bridge and that's it.
Medlem sedan Apr 02, 2020   39 inlägg
May 31, 2022 at 09:06
Demo trading alone cannot make you well experienced, which is why it is important to also trade with a real account to gain live trading experience and also familiarise with the brokers' platforms.
Medlem sedan May 18, 2022   24 inlägg
May 31, 2022 at 10:45
The purpose of opening and using a demo account is to get the newbie trader acquainted with the market. In the process of learning about forex trading, when the beginner uses a demo account, he can detect any shortcoming in trading plans, perform market analysis, and develop risk management plans. Hence, a forex demo account is not to get one experienced in trading, but is just a booster to help a beginner learn about the market.
Medlem sedan May 13, 2022   34 inlägg
Jun 03, 2022 at 05:07
You must understand that the purpose of a demo account is to provide you with an idea of how your live account will work. However, you are missing out on the anxiety of losing money because you are effectively losing nothing on the demo account while losing money in the real account.
Medlem sedan May 30, 2022   27 inlägg
Jun 03, 2022 at 09:29
You can practice on a demo account until you get comfortable. However, it doesn’t prepare you for the loss you feel during live trading. Demo is a good practice option to test strategies and get a larger idea. Your risk appetite will be tested when you switch to live trading.
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