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Newcomers and demo trading

LyudmilLukanov
Sep 27 2020 at 12:03
664 โพสต์
ElliotCooke posted:
Every new trader should practice first at the demo account before entering into the live account. The demo account will help them to learn all the basics of forex perfectly.

I agree. However, Trader lack emotion in demo account due to virtual money. They feel real emotion in live trading and make mistake because of that.

Calacti
Oct 14 2020 at 11:19
37 โพสต์
Demo accounts are good only to get a feel of the trading environment. Real money can only give real experience.

Lycineandrew
Oct 15 2020 at 05:14
37 โพสต์
If you are a newcomer in the world of trading, you must begin with a demo account. You can practise with a demo account and later switch to a real account.

Ezereombre
Oct 19 2020 at 12:39
27 โพสต์
Cannot agree more. Demos are absolute essential!

UweMoench
Oct 20 2020 at 04:21
654 โพสต์
@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.

Andronn
Oct 20 2020 at 05:08
90 โพสต์
You say absolutely correctly, on a demo account you need to use the amount that will initially be on a real account.

GeorgeBischof
Dec 12 2020 at 09:43
318 โพสต์
A demo account is the best way to learn forex properly and perfectly. So, every new trader should practice on a demo account before investing their money in a real account.

phuonglan19
Dec 13 2020 at 15:32
6 โพสต์
You should trade on demo accounts. it will be better. what matters is that you are patient enough.

Adamgylicrist
Dec 22 2020 at 04:35
38 โพสต์
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.


Jakemark
Dec 22 2020 at 07:45
37 โพสต์
Demo account becomes useless in such a case.

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