Jun 10 2022 at 09:34
You may not learn everything on your demo account. But all that you can do is priceless. You get to know the market without having to take a risk. You learn to execute a trade and make use of different functions of the trading platform.
Demo can make you experienced. All you need is the same dedication you use in live trading.
Live trading is the real test. When you trade with real money, you get emotionally attached to it. When we're attached to something, we make mistakes. A demo account can only help you learn the trading and test your strategy.
Live trading is the real test. When you trade with real money, you get emotionally attached to it. When we're attached to something, we make mistakes. A demo account can only help you learn the trading and test your strategy.
Jun 14 2022 at 08:22
agree with you. this is a perfect place to test any kind of trading strategy.
When I first started trading, a demo account was quite helpful in gaining a better knowledge of the entire process. As a result, I was able to learn, practice, and develop strategies that fit my trading style. Demo trading, in my opinion, helps me in acquiring useful experience and allows me to grow my skills.
Jul 28 2022 at 12:21
Oh can a live trading account can make you experienced?? Unless it makes you experienced in losses. No matter how someone shows off, but you cannot do without a demo account. 😉
Jul 29 2022 at 04:49
If you're a newbie, the demo account is a good place to start with. When I first started using it, I gained a lot of knowledge and experience. Of course, there is a difference between a demo and a live account. But it helped me a lot in learning trading skills and making me familiar with forex market.
It is true that demo alone cannot make you well experienced. Demo is a tool without any risks and capital, which allows traders to trade without worrying about losses.
At some point, you will have to live trade to gain live experience and build other strategies or skills to obtain higher profits.
At some point, you will have to live trade to gain live experience and build other strategies or skills to obtain higher profits.
Aug 02 2022 at 10:06
A demo account prepares you for many situations that you are likely to face. But a trader might not feel as much strength of emotional charge as in a live account. Therefore, a demo account fails here. However, if a trader takes this into account and does not feel too emotional while trading or after trading, trading on a live account will not be that difficult.
Aug 02 2022 at 12:09
Demo trading is just a step to know everything about forex. So if you think you have become well versed with the basics, then you can shift to a real account, no harm.
The only use of demo accounts is to get the basic idea of the functioning of the market. If you spend unnecessarily extra time on a demo account, it will start filling you with false expectations that you may never be able to fulfil.
Make sure to do a comprehensively comparison before choose a certain broker finally
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To learn how to use forex tools ia quite important to the starters.
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Demo account allows you to understand how the platform works and get a feel for the broker's trading conditions.
It's very important to get some professional advice. I got my EA for free in a FB group.
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As a new trader, I believe that using a demo account allows you to identify all of your flaws and make sure to know your broker well
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Indeed choosing the broker is a matter in forex trading because out there are so many brokers work as dealing desks broker. AVA looks like a good choice
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Aug 08 2022 at 14:56
If you enter 2 simultaneous trades on a DEMO and LIVE account see how one will hit TP and the other will be a loser !! thats the difference between DEMO and LIVE! with a lot of brokers especially ones who like scalpers!.
Different spreads , price movements and Slippage make a huge difference so the sooner you have your strategy tested get off DEMO and trade a small LIVE account ! that's the only way and you soon see the 'real' manipulation of a Live broker !!.
Demo almost suckers you in as 'too easy to make profit!' so you go live trade the same and BOOM ! Blown account ! this happens time and time !
Demo is only good for trying a strategy out , LIVE is a different ballgame and not just the psychological aspect.
Cheers and Good luck !
Different spreads , price movements and Slippage make a huge difference so the sooner you have your strategy tested get off DEMO and trade a small LIVE account ! that's the only way and you soon see the 'real' manipulation of a Live broker !!.
Demo almost suckers you in as 'too easy to make profit!' so you go live trade the same and BOOM ! Blown account ! this happens time and time !
Demo is only good for trying a strategy out , LIVE is a different ballgame and not just the psychological aspect.
Cheers and Good luck !
Live and Die by the Sword !
It will depending pers[ective of each traders to view about demo account. Demo trading is important to learn and get experience trading. Sometimes demo accounts are used among traders to show trading performance when they test ea and want to show if they can make a good income using a demo account. But investor I think they will look and proof of trading and type account before investing.
Demo trading can surely help you to develop your skills as a trader and it does give us confidence to trade on a live account. But the transition from a demo account to a real account will never be easy. I think actual trading experience is gained when you go live in the forex market and get exposed to the market risk.
