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Is a demo account really neccassary?
Medlem sedan Jan 31, 2023
15 inlägg
Feb 06 at 09:52
Medlem sedan Jan 31, 2023
15 inlägg
Practice and learning: demo accounts provide a risk-free environment for traders to practice their skills, test out new strategies, and learn about the markets.
Experience: demo accounts can help traders gain experience in executing trades, managing risk, and navigating different market conditions.
Confidence building: by successfully executing trades and making profits on a demo account, traders can build confidence in their abilities and approach the real market with more assurance.
Experience: demo accounts can help traders gain experience in executing trades, managing risk, and navigating different market conditions.
Confidence building: by successfully executing trades and making profits on a demo account, traders can build confidence in their abilities and approach the real market with more assurance.
dom perignon
Feb 07 at 19:13
Medlem sedan Feb 07, 2023
1 inlägg
I dont think Demo Account is good, theres less emotion and no confidence build, psychology will be a future problem
Medlem sedan Jun 23, 2022
2 inlägg
Feb 09 at 12:54
Medlem sedan Jun 23, 2022
2 inlägg
I am an experienced trader and I am always backtesting and creating new strategies.
I think Demo accounts can be problematic, one does not get the real emotional connection that a trader has with his Capital on Demo.
I think Demo accounts can be problematic, one does not get the real emotional connection that a trader has with his Capital on Demo.
ACHIEVE THE IMPOSSIBLE
Feb 10 at 09:56
(redigerad Feb 10 at 09:56)
Medlem sedan Oct 28, 2022
50 inlägg
A demo trading account can be a valuable tool for traders, but it is not necessary. If you're a beginner or inexperienced trader, a demo account can be a great way to gain experience and confidence.
Feb 10 at 13:26
Medlem sedan Feb 10, 2023
1 inlägg
James_Bond posted:Yes, demo accounts are very important for traders to gain experience before investing real money in the markets. They provide an opportunity to learn about trading strategies and instruments without incurring any risk.
What do you think? Nowadays, when you can open an account with as minimal as $1 deposit, does a demo account works for the best interest of the trader or not?
I will clarify; the point of a demo account is to get a feel of forex trading, however it creates the psychological illusion of not caring of any losses/wins and taking enormous risk without having to confront consequences (psychological side).
Short term, a new forex trader won't need to deposit any funds to try trading, however longer term, he/she is most likely to lose his/her first deposit after trading a demo as those are 2 different trading environments.
So why not start with a real account in the first place? A demo account will just make a newbie trader over confident thus causing him to deposit more than what he/she would deposit for testing purposes in the first place. Therefore, I think a demo account is simply disastrous for new traders and is actually achieving the opposite of what it should.
Feb 21 at 15:33
Medlem sedan Jan 27, 2023
19 inlägg
Yes, trading with a demo account can be useful for investors looking to practice with theoretical money before putting actual money to work.
Medlem sedan Jun 26, 2020
327 inlägg
Mar 26 at 08:40
Medlem sedan Jun 26, 2020
327 inlägg
right now i am trading in demo , using exotic pairs to see the performance how it works.
Mar 28 at 12:35
Medlem sedan Apr 18, 2020
54 inlägg
A demo account can be useful for individuals who are new to trading. It allows new trader to practice trading in a simulated environment using virtual money, without risking their own capital.

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