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Demo trading
Mar 31, 2019 at 10:42
Medlem sedan May 18, 2018
26 inlägg
just paranoid... i am successful on demo that i think somebody's cashing in on the live side... (ugh!)
begin fm below. no man w/ 4 aces asks for a new deal.
Medlem sedan Feb 10, 2019
54 inlägg
Apr 01, 2019 at 06:00
Medlem sedan Feb 10, 2019
54 inlägg
AdamCantor posted:
i would say for as long as you need to/feel confident/make consistent profits. i sometimes go back to demos even though i live trade. sometimes if i want to try a new broker or new instruments i go back to demo for a bit. if it is any consolation, i was on demo only for over a year before i switched to live trading.
best of luck!
Totally agree here
Medlem sedan Mar 18, 2019
98 inlägg
Apr 02, 2019 at 05:58
Medlem sedan Mar 18, 2019
98 inlägg
bdelam posted:
just paranoid... i am successful on demo that i think somebody's cashing in on the live side... (ugh!)
that shouldn't be the case because a demo of a broker should reflect their trading conditions (spread/leverage/trade commission charges)
the one thing a demo can't really show is things like slippage, which of course you could get on a live account.
best of luck, and keep going! If need be, go back to demo for a bit, or maybe try a few other broker's demos and see how you go :) maybe you need a different set of trading conditions.
Medlem sedan Jul 12, 2018
24 inlägg
Apr 04, 2019 at 11:53
Medlem sedan Jul 12, 2018
24 inlägg
Amadi posted:
There are two kinds of traders, those that use demo and learn how to trade, and those that start on a live account and expect to be millionaires at the end of the week . Which ones do you think are more likely to make any money!!! Demo is critical as is discipline
Demo trading is good for testing your new strategy, getting familiar with an EA or a platform and just get a feel for trading.. even though it's results not comparable to live trading. But I think as a beginner, you shouldn't be on demo too long, it will mess up your psychology.
Medlem sedan Aug 11, 2017
886 inlägg
Apr 05, 2019 at 03:41
Medlem sedan Aug 11, 2017
886 inlägg
practice on demo , from here i can see all my strategies performance . this always supports me to avoid unfortunate losses and risk.
Medlem sedan Feb 10, 2019
54 inlägg
Apr 05, 2019 at 11:30
Medlem sedan Feb 10, 2019
54 inlägg
dWaverFX posted:Amadi posted:
There are two kinds of traders, those that use demo and learn how to trade, and those that start on a live account and expect to be millionaires at the end of the week . Which ones do you think are more likely to make any money!!! Demo is critical as is discipline
Is that a trick question?😁
Obviously, the guy on the live account has more chances to make money. The guy on the demo account will never make any money because demo money is not acceptable anywhere, it is not a currency, for your information you cannot even cash it. You better wake up and smell the coffee and go live. Another option start your own cryptocurrency and name it demo money, it may work. 😁
Once, I saw a guy at the bank with a stack of Canadian Tire money trying to redeem it. Unfortunately, the teller had to tell him the truth and snap him out of coma. Embarrassing.
hahaha well said
Medlem sedan Feb 10, 2019
54 inlägg
Apr 05, 2019 at 11:32
Medlem sedan Feb 10, 2019
54 inlägg
Amadi posted:
There are two kinds of traders, those that use demo and learn how to trade, and those that start on a live account and expect to be millionaires at the end of the week . Which ones do you think are more likely to make any money!!! Demo is critical as is discipline
Haha very true
Medlem sedan Mar 18, 2019
98 inlägg
Apr 07, 2019 at 05:47
Medlem sedan Mar 18, 2019
98 inlägg
ScottyCarsonMVP posted:dWaverFX posted:Amadi posted:
There are two kinds of traders, those that use demo and learn how to trade, and those that start on a live account and expect to be millionaires at the end of the week . Which ones do you think are more likely to make any money!!! Demo is critical as is discipline
Is that a trick question?😁
Obviously, the guy on the live account has more chances to make money. The guy on the demo account will never make any money because demo money is not acceptable anywhere, it is not a currency, for your information you cannot even cash it. You better wake up and smell the coffee and go live. Another option start your own cryptocurrency and name it demo money, it may work. 😁
Once, I saw a guy at the bank with a stack of Canadian Tire money trying to redeem it. Unfortunately, the teller had to tell him the truth and snap him out of coma. Embarrassing.
hahaha well said
this is so true. demos are there for a very good reason. I myself used a demos only for well over a year before i even considered which broker i wanted for a live account. and i am glad i took the time and dedication, else i would have been in a bad way for sure.
Medlem sedan Feb 24, 2019
8 inlägg
Apr 07, 2019 at 06:50
Medlem sedan Feb 24, 2019
8 inlägg
AdrianG posted:.
While using the demo account, you would be doing a lot of trades and learning many things about the forex trading. You need to keep a record of all your trades as well as note down all the reasons behind them. You should also make notes on the fundamentals and technical analysis. This practice will help you understand how good your strategy is; identify your mistakes and weaknesses etc.
Regards,
Adrian Gates
Nice one. I agree. Similar to my Techqiue
Asset Diversification
Medlem sedan Aug 09, 2017
785 inlägg
Apr 12, 2019 at 12:12
Medlem sedan Aug 09, 2017
785 inlägg
As a master place to practice Forex trading in a proper way there is no alternative way to trade demo account. But practically we don’t believe the importance of this trading place especially the beginners. As a result we are becoming loser due to lack of exact market principle.
Medlem sedan Oct 20, 2018
300 inlägg
May 19, 2019 at 09:59
Medlem sedan Oct 20, 2018
300 inlägg
Mohammadi posted:Good experience. I think the same way. Every new strategy or etc MUST be tried on demo first.
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 ?
momchil_slavov@
Medlem sedan Oct 20, 2018
300 inlägg
Jun 02, 2019 at 12:00
Medlem sedan Oct 20, 2018
300 inlägg
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 ?
That`s a solid advice. Same here.
momchil_slavov@
Medlem sedan Feb 08, 2019
213 inlägg
Jun 02, 2019 at 14:12
Medlem sedan Feb 08, 2019
213 inlägg
Unless you don't like money, every strategy should be thoroughly tested in demo mode
Medlem sedan Dec 05, 2016
14 inlägg
Jun 03, 2019 at 11:30
Medlem sedan Dec 05, 2016
14 inlägg
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
If I can do it, so can you!
forex_trader_436974
Medlem sedan Jun 13, 2017
49 inlägg
Jun 04, 2019 at 06:22
Medlem sedan Jun 13, 2017
49 inlägg
lovethepips posted:
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
I second this. Use a demo account and learn your strategy WELL. When you start trading a live account, emotions will come into play that you didn't have trading demo. You can overcome these emotions by trusting your strategy and trading exactly the same way.
Jun 04, 2019 at 06:52
Medlem sedan Sep 12, 2018
22 inlägg
lovethepips posted:its 100% right. New trader is think very quick scheme that's why they fall. its needed time to familiar with market. so try with demo is best. I am doing demo before 2.5 yrs and not doing real at all. I want to understand market. I want to grow slowly.
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
Day by day having better, better and better...
Jun 04, 2019 at 06:53
Medlem sedan Sep 12, 2018
22 inlägg
ForexScreamer posted:Thanks for great advice.lovethepips posted:
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
I second this. Use a demo account and learn your strategy WELL. When you start trading a live account, emotions will come into play that you didn't have trading demo. You can overcome these emotions by trusting your strategy and trading exactly the same way.
Day by day having better, better and better...
Medlem sedan Dec 05, 2016
14 inlägg
Jun 04, 2019 at 06:53
Medlem sedan Dec 05, 2016
14 inlägg
ForexScreamer posted:lovethepips posted:
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
I second this. Use a demo account and learn your strategy WELL. When you start trading a live account, emotions will come into play that you didn't have trading demo. You can overcome these emotions by trusting your strategy and trading exactly the same way.
Totally agree
If I can do it, so can you!
Medlem sedan Dec 05, 2016
14 inlägg
Jun 04, 2019 at 09:56
Medlem sedan Dec 05, 2016
14 inlägg
expkhaled posted:lovethepips posted:its 100% right. New trader is think very quick scheme that's why they fall. its needed time to familiar with market. so try with demo is best. I am doing demo before 2.5 yrs and not doing real at all. I want to understand market. I want to grow slowly.
I would never suggest that a new trader open a live account, there is so much you can learn for free by simply trading on a demo account.
If you can't make a return trading demo, you won't make a return on a live account. My advice is to create or learn a strategy, trade it successfully on a demo account and then move to a live account. If you don't have the patience to do this, you won't have the patience to make it as a trader - trading is all about logic, patience and discipline.
Just my opinion, everyone is different...
Well done. You have saved yourself a few blown trading accounts!
After 2.5 years though, I would consider taking things to the next step but we all learn differently and have different expectations.
All the best
If I can do it, so can you!
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