Demo accounts

Arual

Tham gia từ Oct 02, 2022 1bài viết

Oct 02, 2022 at 22:02

Tham gia từ Oct 02, 2022 1bài viết

Will a demo account help with my trading?

TosowTv

Tham gia từ Nov 08, 2021 1bài viết

Oct 03, 2022 at 00:41

Tham gia từ Nov 08, 2021 1bài viết

Absolutely, but be aware.

Demo accounts should be used to help you understand the ins and outs of trading basics (i.e. risk management/volume sizes, limit orders, execution times, timeframes, and all of the tools in general)

However, some people, potentially most people, aren't able to imagine that a demo account is as serious as a live account because at the end of the day, it's not real money. For some though, we are able to take demo just as seriously as live in a way that allows us to simulate what live trading might be like. This does not outweigh the emotional and mental aspects of trading with a live account in any way, but if you take demo seriously, you can almost trick yourself into believing it's just as important as the live account trading which will assist you in your psychology when you switch over to a live account.

Ultimately, you should try to move to a live account with a nominal deposit that you're willing to lose (in the US, something like $50-100 dollars is a good start.) This way, you can start to understand the emotion that is tied to seeing real money added or subtracted from your account, something that demo trading can only teach but so far because it's paper money.

...but by all means, trade with demo to test/backtest/forward test and learn the tools themselves before dumping live capital into an account. You'll be glad you did-

FXOday

Tham gia từ Apr 03, 2021 437bài viết

Oct 03, 2022 at 00:50

Tham gia từ Apr 03, 2021 437bài viết

How to open a demo account a trader can visit the official website of a particular broker where they will trade, or directly they can open a demo account using MT4 or MT5 or Ticktrader trading platform, open an account demo account is very simple.

Marcolis

Tham gia từ Feb 15, 2022 210bài viết

Oct 03, 2022 at 07:24

Tham gia từ Feb 15, 2022 210bài viết

A reliable scalping-friendly broker helps traders in deriving quick profit from the market by offering demo. But be careful of scam brokers because they pose a threat to traders.

sebking1986

Tham gia từ Apr 09, 2019 516bài viết

Oct 03, 2022 at 09:26

Tham gia từ Apr 09, 2019 516bài viết

Before you even consider getting real money in the market you need to have a well tested strategy. This is done on a demo account where you can trade and test without the emotional tie to real money. Too many skip this step and their poor psychology, lack of planning and greed ruins them.

If you can't spot the liquidity then you are the liquidity.

Tradelist45

Tham gia từ Jun 26, 2020 323bài viết

Oct 03, 2022 at 11:08

Tham gia từ Jun 26, 2020 323bài viết

demo is important but we generally don't believe the importance of this trading place at all.

HeavLeighGill26

Tham gia từ Aug 05, 2021 394bài viết

Oct 21, 2022 at 16:21

Tham gia từ Aug 05, 2021 394bài viết

Demo accounts are the best hands on tool that traders have at their disposal. I think it's crucial to use one in the beginning. You can also use it to test strategies - don't see why anyone would skip it and put real money on the line before testing!

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