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Newcomers and demo trading

Mateusz36354
Dec 22 2020 at 15:01
15 โพสต์
It is advisable for a beginner to start with a demo account. It seems to me a prerequisite before actually entering the market.
lovefortrading (perryjohn765)
Dec 23 2020 at 04:18
238 โพสต์
exactly. the beginner should always start with a demo. infact the experienced can trade on demo side by side to try new strategies
Ericdier752
Dec 23 2020 at 05:33
59 โพสต์
Adamgylicrist posted:
UweMoench posted:
@Ezereombre yes demo is absolutely essential but need to use in a proper way. We can't take 1000000 balance and trade. We have to treat demo like real account. Take balance 200$ to 600$ and learn risk management.
That is so true, the biggest mistake that a new trader makes on a demo account is trade millions on a demo when in reality he will be using only a few hundreds dollars out of his pocket for trading.

I am guilty of the same.
Jakemark
Dec 23 2020 at 09:55
37 โพสต์
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
Fx_howie
Dec 24 2020 at 08:17
36 โพสต์
Jakemark posted:
I think most brokers give demo accounts with real data, problem is only ours that we bring emotions in our real accounts.
And those emotions destroy the game of most traders.
Mitchelsantner
Dec 24 2020 at 12:26
34 โพสต์
Demo trading is essential not only for new traders but also for experienced ones. If I am to give my own example, I started trading first demo accounts of etrade and ib, and after almost 5 months went live. This was about 2 years back. I am still using both demo and live accounts simultaneously for practicing my strategies on demo before applying them on the live account.
LyudmilLukanov
Dec 25 2020 at 09:23
848 โพสต์
mitchelstrack posted:
Does anybody know if Exness offers demo account.
All brokers off demo account Exness is no different.
inspirenez
Dec 26 2020 at 04:54
59 โพสต์
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them.
Bunaya
Dec 26 2020 at 13:06
54 โพสต์
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
mitchelstrack
Dec 26 2020 at 15:02
30 โพสต์
inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
What’s the criteria here for classifying these brokers as good?
LeviSievwright5
Dec 27 2020 at 02:15
298 โพสต์
Demo trading is a must to gain trading experience. It is possible to create a strategy by trading a demo. Consistently profitable with that strategy.
LyudmilLukanov
Dec 27 2020 at 04:20
848 โพสต์
inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
I think all broker offer demo account. Trade should test the services in demo account before investing money.
SofieAndreasen
Dec 28 2020 at 01:30
759 โพสต์
Bunaya posted:
A demo account is needed to immediately apply the knowledge gained in practice, but without the risk of losing money
Demo account is quite helpful especially for new trader to learn trading without investing or losing money.
inspirenez
Dec 28 2020 at 04:03
59 โพสต์
mitchelstrack posted:
inspirenez posted:
In that case go for a broker that offers a demo account, it’s always important to test a broker before going live with them. There are so many decent ones to pick from: Forex com, Fxview, IG.
What’s the criteria here for classifying these brokers as good?
Fast orders/fills/executions. Good customer service.
Gracewilson1995
Dec 28 2020 at 12:19
147 โพสต์
my advise is never to jump for trading without the demo trading
Daniel (Daniel32946)
Dec 28 2020 at 13:44
12 โพสต์
There is no doubt about the importance of demo trading. it is a key starting tool for gaining forex trading skills.
Garyneville221
Jan 05 2021 at 09:33
19 โพสต์
Yes, the volatility is something every beginner has to face with their trading. But demo accounts are very good for practising a trade before execution. Helps a lot.
VirgoG
Jan 05 2021 at 10:56
17 โพสต์
agreed, although demo and live trading varies a lot. according to me, one should not get stuck to demo for long, just learn the basics and start small.
AniLorak
Jan 05 2021 at 11:01
920 โพสต์
success is not easy we know very well but still
 we try to bring success with no learning , as a result we become loser when try to make it in practical.
Tradelist45
Jan 06 2021 at 07:05
283 โพสต์
right now i am trading on demo and use there high leverage , actually this approach may be will help me when trading in a live to avoid unfortunate risk and losses.
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