practice can make you perfect , but in Fx we practice at random in demo and got nothing ultimately. si, i recommend micro account for practicing.
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living
To go big you have to start small and from somewhere, don't try to hack the path , you will regret.
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living
To go big you have to start small and from somewhere, don't try to hack the path , you will regret.
Never Stop learning. Ego is for losers.
Roberto21 posted:
demo is the best place to become a knowledgeable trader very rapidly , but generally we don't believe the importance of this trading place at all.
Money blinds us from the process
Never Stop learning. Ego is for losers.
To trade in forex knowledge is very important. Without the knowledge of forex a trader can lost all his investment. A trader can gather knowledge about forex from anywhere. To get proper knowledge about forex a trader can take help of demo account. A trader can trade like live account in a demo account without any risk. I got knowledge about forex by trading with a demo account of TP Global FX. It helped me to get all kind of techniques and knowledge about forex. So, demo account can be an important source of knowledge about forex.
there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.
Jan 08 2020 at 14:41
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
yes without demo how are you gona know what the live trading environment is really like? definitely helps see if your trading style /strats fit well with what the broker offers. the only thing that cant be replicated in demo as with live is issues such as slippage
Jan 08 2020 at 14:42
kolute posted:
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living
To go big you have to start small and from somewhere, don't try to hack the path , you will regret.
very true.demo is only way to see the real spreads the broker offers and see if their leevrage options are good for you
according to me, before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.
as a newcomer i was much profitable in demo account with my trading strategy , but when kick off a live account the same strategy didn't work as like before
Demo trading is a very good practice for newbies as well as experienced traders. Demo trading helps a trader in formulating strategies and also helps in testing them. Demo trading provides the same experience as live trading. Demo trading is the best platform to gain experience in forex trading. It provides a newbie with a basic idea of how forex trading works and also gives an understanding of the trading platform.
there is no different between demo and live . but lots of difference we see when result come out. actually the main issue its all about psychology.
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.
Demo trading is very important, as it gives you an opportunity to be familiar with the trading market. It is very safe because you do not use real money, so there is nothing to lose. If you want to experience real trading without going live, you can use a mini or cent account instead of a demo account
I also advocate for new traders to be using demo trading as much as possible before they start trading on real accounts. It's a safe way of testing a trading strategy because you stand to lose nothing, compared to a real account
Shalidor posted:Exactly...
I also advocate for new traders to be using demo trading as much as possible before they start trading on real accounts. It's a safe way of testing a trading strategy because you stand to lose nothing, compared to a real account
I think traders' mindset might would be different when using live account and demo, but I also agree they should use demo before run into the real market.
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
thanks you for advice. i'll start my trading way with demo acc. now i need to find good ea and checked it on demo acc before open live one.
also i need a good broker.
Mohammadi posted:thanks to demo accounts, we are able to get initial trading skills.
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
