The demo account is the master

Michihito posted:
The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all my trading strategies in demo trading to see the performance how it works.

You are right on this note. I believe demo trading is a great option, which is a wonderful gift for the traders. We often ignore to deal with demo trading accordingly. If a trader trades on demo account to learn the ropes of this market, he should be able to be a good trader with very minimum damage.

RobSchiz posted:

Fx_howie posted:
Demo account is really helpful for both new and old traders.

Demo account is the best place to practice as a newbie.

Yes, demo is the best place for a newbie to practice. However, I believe it is good option for an experienced trader as well. An experienced trader can test his new strategy on a demo account without having any loss, stress, tension.

I will still take trades on a demo account after taking a live trade the same day. If I don't 'need' to trade live then I will do so on demo if only to build confirmation in my strategy. The demo trades will still get added to my journal as well.

demo is the best way for testing new strategies and seeing what works and what does not

The demo is more of a good learning tool. With the right approach to working on such an account, you can get enough experience.