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Is a demo account really neccassary?

Aug 05, 2012 at 07:44
5,459 Visa
158 Replies
Medlem sedan Jan 31, 2023   15 inlägg
Feb 06 at 09:52
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.
dom perignon
Medlem sedan Feb 04, 2023   20 inlägg
Feb 07 at 11:07
A demo account allows you to practice trading with virtual money, which can help you gain experience and develop a better understanding of the trading process.
Medlem sedan Feb 07, 2023   1 inlägg
Feb 07 at 19:13
I dont think Demo Account is good, theres less emotion and no confidence build, psychology will be a future problem
Medlem sedan Feb 04, 2023   20 inlägg
Feb 09 at 11:54
Yes, in my opinion, as it boosts your trading skills and help connect you with technical and fundamental analysis. A demo account is important for new traders.
Medlem sedan Jun 23, 2022   2 inlägg
Feb 09 at 12:54
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.

Medlem sedan Oct 28, 2022   50 inlägg
Feb 10 at 09:56 (redigerad Feb 10 at 09:56)
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.
Medlem sedan Feb 10, 2023   1 inlägg
Feb 10 at 13:26
James_Bond posted:
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.
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.
Medlem sedan Jan 27, 2023   19 inlägg
Feb 21 at 15:33
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 Aug 19, 2022   44 inlägg
Feb 22 at 22:40
Everyone should learn the MT4 program, it's easier to do on a demo account.
Make money with people who know how to make money.
Medlem sedan Mar 03, 2023   15 inlägg
Mar 03 at 06:22
It really helps and a great way to gain experience and test out different strategies without risking real money.
Medlem sedan Oct 01, 2022   53 inlägg
Mar 09 at 16:48
but as a beginner trader that is really difficult to make sure a long time in a demo account due to lack of trading experience and patience.
Medlem sedan Aug 19, 2022   68 inlägg
Mar 23 at 12:39
I believe demo account is necessary for newbies and for those who test their strategies with some new indicators, time trading and so on.
Medlem sedan Jun 26, 2020   327 inlägg
Mar 26 at 08:40
right now i am trading in demo , using exotic pairs to see the performance how it works.
Medlem sedan Oct 01, 2022   53 inlägg
Mar 28 at 11:54
micro account is little bit expensive but very supportive to acquire live knowledge and experience.
Medlem sedan Apr 18, 2020   54 inlägg
Mar 28 at 12:35
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.
Medlem sedan Mar 28, 2023   2 inlägg
Mar 29 at 09:03
Backtesting and demo accounts are essential tools for testing ideas. They help to avoid being part of 90+% who lose their money.
Medlem sedan Oct 01, 2022   53 inlägg
Mar 29 at 11:49
right now i am trading in demo , using high leverage to see the performance how it works.
Medlem sedan Aug 19, 2022   44 inlägg
Mar 30 at 08:17
Demo account also helps to choose a strategy for trade.
Make money with people who know how to make money.
Medlem sedan Oct 01, 2022   53 inlägg
Mar 30 at 11:42
yes in demo it is a best place to test your trading strategy ,really supportive
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