Is demo trading enough before real account?
Medlem sedan Aug 05, 2021
401 inlägg
Aug 19, 2021 at 02:18
Demo accounts are helpful when it comes to learning the mechanics of trading and testing strategies. Not so much when it comes to the psychological or money management parts of trading. I think it's crucial to trade on a demo, but keep in mind that you could start to feel anxiety, greed, or other emotions once you go live. Also, the demo doesn't teach effective money management since you can just have it topped up, but I've read suggestions that say you can try giving yourself real world consequences to make the demo account results feel more realistic and so that you'll take it more seriously.
Aug 21, 2021 at 13:05
lucie_fxtrader posted:Yes it is and I provided you stick to your strategy and don’t start to fall apart when things don’t go your way
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Medlem sedan Jul 19, 2020
751 inlägg
Aug 22, 2021 at 12:54
@lucie_fxtrader Demo trading is good before entering into live trading. But demo trading should be done by following specific strategy and risk management policy.
Medlem sedan Aug 10, 2021
176 inlägg
Aug 23, 2021 at 07:02
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Medlem sedan Aug 23, 2021
8 inlägg
Aug 23, 2021 at 08:57
demo is a must
i was used to trade using demo accounts about 3 years. Of course I've tryed with real accounts but only with small amounts.
now i have 4 active accounts to trade news and for ea. Without demo account and I coulnd undestood how to trade
i was used to trade using demo accounts about 3 years. Of course I've tryed with real accounts but only with small amounts.
now i have 4 active accounts to trade news and for ea. Without demo account and I coulnd undestood how to trade
no day trading at all 420 days, 3 hours, 12 min
Medlem sedan Apr 09, 2019
538 inlägg
Aug 23, 2021 at 09:26
Demo trading is a must to start with in my opinion. That's not to say going live eventually isn't but if you've not got an objectively winning strategy, why would you then futher complicate it with psychology?
If you can't spot the liquidity then you are the liquidity.
Medlem sedan Aug 16, 2021
9 inlägg
Aug 23, 2021 at 12:44
Demo is not enough but it is essential to use. If you do not try on demo then you will just lose money. better to lose fake money
Medlem sedan Mar 17, 2021
536 inlägg
Aug 31, 2021 at 07:51
Williamfreed posted:Demo trading is the best place to learn and practice.
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Medlem sedan Aug 31, 2021
3 inlägg
Aug 31, 2021 at 12:50
(redigerad Aug 31, 2021 at 12:51)
Demoing first is a wise decision and i still use demo to modify my strategy
Never give up
Nov 16, 2021 at 08:30
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
Medlem sedan Jul 20, 2020
399 inlägg
Nov 16, 2021 at 08:34
Kalestont posted:
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
I agree, it absolutely gives something to new and experienced traders. It is key to use it when you want to tweak a strategy or learning a new one. It is not the full answer to successful trading but makes a big difference imo
Medlem sedan Aug 27, 2017
994 inlägg
Nov 17, 2021 at 11:05
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
Medlem sedan Mar 17, 2021
536 inlägg
Nov 18, 2021 at 07:23
GraceGilm posted:I also agree with you. A demo can not help you to gather all the knowledge and skills about this market.Adribaasmet posted:here I agree, the demo does not provide enough training and experience for successful work, therefore, real money also needs to be earned at minimal risks
the demo is really important but i have seen the knowledge we get from demo account actually not works in a real account, its real psychology. we cant focus when trading in a demo.
Medlem sedan Jun 12, 2021
132 inlägg
Nov 18, 2021 at 09:52
demo is master place to acquire all basic knowledge and experience
but in generally we ignore this trading place because there is no real money and we cant focus on there.
but in generally we ignore this trading place because there is no real money and we cant focus on there.
Medlem sedan Oct 29, 2021
70 inlägg
Nov 19, 2021 at 10:25
Demo trading can be an excellent way to familiarize yourself with the forex market, get a feel for your comfort zone and learn how to read charts.
Medlem sedan Jun 12, 2021
132 inlägg
Nov 20, 2021 at 10:48
in order to me i think the demo is really important for newcomers and seniors but people dont trust it. actually demos experience most of the time works to fail. thats the real reason.
Nov 23, 2021 at 04:49
If you are a newbie, nothing is enough alone to learn the art of forex trading. First, you need to gather basic knowledge about trading by enrolling yourself in any reliable online course. Further, you can create a demo account to hone your trading skills. A demo account provides you with the opportunity to back-test your strategies before applying them on live trading. Further, it boosts your confidence when you make profits. You can become a member of various trading forums to learn from other experienced traders. However, you cannot become a trader unless you enter the live trading and involve your real money.
