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Importance of demo trading
Feb 06, 2021 at 07:09
Medlem sedan May 15, 2020
23 inlägg
Femilas posted:Agreed, a great way to practice, test strategies and become more familiar to the market, without the risk of losing one's money.
The demo account is also a very good basis to overcome your fears.
Medlem sedan Jun 26, 2020
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Feb 08, 2021 at 04:06
Medlem sedan Jun 26, 2020
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there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Medlem sedan Apr 15, 2020
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Feb 08, 2021 at 06:03
Medlem sedan Apr 15, 2020
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Tradelist45 posted:Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant 'Micro account instead of Standard'
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
The more your practice, the more you learn.
Medlem sedan Jan 22, 2021
125 inlägg
Feb 11, 2021 at 09:25
Medlem sedan Jan 22, 2021
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I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.
Medlem sedan Nov 19, 2020
104 inlägg
Feb 17, 2021 at 05:21
Medlem sedan Nov 19, 2020
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KnowFinance posted:Yes, this is why I always suggest beginners to trade on a demo account first. Great way to practice and become known to the markets, without the risk of losing any funds.
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
Medlem sedan Dec 28, 2020
187 inlägg
Feb 22, 2021 at 08:50
Medlem sedan Dec 28, 2020
187 inlägg
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Medlem sedan May 13, 2020
128 inlägg
Mar 23, 2021 at 12:32
Medlem sedan May 13, 2020
128 inlägg
And most importantly, the demo version can help in the future, when we work on a real account, for example, to work out a new strategy.
Mar 25, 2021 at 12:21
Medlem sedan Aug 28, 2020
37 inlägg
The demo account is the best tool for beginners to learn about forex market trades. Most importantly, the demo version can help in the future when beginners began to work on real accounts and develop strategies.
Mar 26, 2021 at 13:43
Medlem sedan Mar 26, 2021
29 inlägg
The more time you spend on a demo account and carefully work through all the points, the easier it will be for a real account.
Mar 26, 2021 at 15:01
Medlem sedan Mar 26, 2021
2 inlägg
I made good money on my demo now im urging to get on with the real thing
Mar 26, 2021 at 15:17
Medlem sedan Mar 26, 2021
2 inlägg
BaldoN posted:yaaas
I would say demo is good to test strategy, but not to overstay on demo trading for a long period - just to avoid acquiring bad habits :)
Medlem sedan Aug 11, 2017
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Mar 28, 2021 at 07:45
Medlem sedan Aug 11, 2017
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practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Medlem sedan Aug 27, 2017
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Apr 02, 2021 at 10:50
Medlem sedan Aug 27, 2017
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in Forex trading traders use demo according to their need , most beginners use this platform when start trading after basic knowledge , its the master place to practice in a proper way , it should not be ignored.
May 06, 2021 at 11:09
Medlem sedan Aug 26, 2020
78 inlägg
Demo account is a powerful platform for those who want to achieve results on a real platform
Medlem sedan Jun 03, 2021
6 inlägg
Jun 05, 2021 at 13:03
Medlem sedan Jun 03, 2021
6 inlägg
For me, demo trading is so useless (in my experience, at least). It's really only useful for familiarizing yourself with the platform, but with regard to actual trading, hasn't been that helpful for me. I mean, for real though, no one takes play money seriously lol. Dip your feet in the water! You can always start small, then just gradually increase it as you gain more experience.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Medlem sedan Jul 23, 2020
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Jun 09, 2021 at 05:52
Medlem sedan Jul 23, 2020
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It is free and traders can test real trading without any money.
Medlem sedan Mar 17, 2021
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Jun 12, 2021 at 17:28
Medlem sedan Mar 17, 2021
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LyudmilLukanov posted:Yes. a demo can be very effective to learn forex properly.
It is free and traders can test real trading without any money.
Medlem sedan Aug 27, 2017
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Jun 15, 2021 at 08:22
Medlem sedan Aug 27, 2017
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its a very good decision, demo is really important but honestly
speaking sometimes the experience we take from the demo not works in a real account.
speaking sometimes the experience we take from the demo not works in a real account.
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