Jan 02 2021 at 11:06
the only difference between the demo and the real is at the psychological level of the trader. virtual money that you can lose without limit and real money that you cannot afford to lose.
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Demo trading is one of the means to gain knowledge. The strategy should be developed by demo trading.
Thanks to trading virtual funds, it is possible in practice to make sure of the effectiveness of the strategy and, if necessary, make appropriate changes
demo most of the time not works , i means we cant focus on there , its a emotional issue all about.
Jan 05 2021 at 08:06
i belive its all about the mindset. if one wants he she can learn alot from the demo account. its all in the mind how we look at it.
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.
Malajind posted:Definitely its gives you an insight into the forex trading platform and you can definitely share strategies.
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.
The demo account is also a very good basis to overcome your fears.
Femilas posted:Agreed, a great way to practice, test strategies and become more familiar to the market, without the risk of losing one's money.
The demo account is also a very good basis to overcome your fears.
Feb 08 2021 at 04:06
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
Feb 08 2021 at 06:03
Tradelist45 posted:Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant 'Micro account instead of Standard'
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.
The more your practice, the more you learn.
Feb 11 2021 at 09:25
I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.
Feb 11 2021 at 12:22
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
KnowFinance posted:Yes, this is why I always suggest beginners to trade on a demo account first. Great way to practice and become known to the markets, without the risk of losing any funds.
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.
Demos can turn out to be very important for practising a trade before investing your money.
And most importantly, the demo version can help in the future, when we work on a real account, for example, to work out a new strategy.
Mar 25 2021 at 05:28
Demo trading can help a trader save so many trades. They are also useful for practising for free.
The demo account is the best tool for beginners to learn about forex market trades. Most importantly, the demo version can help in the future when beginners began to work on real accounts and develop strategies.
