demo vs live

Hello community,

Am I missing something or are all the 'strategies' under strategy tab on demo accounts?
is it not possible to sort out the demo vs live?
is there a section in here that only displays live accounts?

thanks

yea there is bro just click on Systems on the top of the page...

SAJ1011 posted:
Hello community,

Am I missing something or are all the 'strategies' under strategy tab on demo accounts?
is it not possible to sort out the demo vs live?
is there a section in here that only displays live accounts?

thanks

I would not waste my time with demo accounts. Demo accounts do not give you the psychological training you need. You can do great in your demo account and fail horribly in your live account.

Hi. I’m Sarah from ThinkForex. I agree that live accounts are better because you really don’t know how well you’ll do until there’s money on the line. But, there are still many benefits of first developing your strategy in a demo account and thoroughly testing your trading plan without any risk. I try to develop my process in demo trading and then go live. ThinkForex demo accounts use real data, actual market conditions, and the same low spreads as live accounts so they do a pretty good job at realistically imitating Forex trading.

TheLastBear posted:
I would not waste my time with demo accounts. Demo accounts do not give you the psychological training you need. You can do great in your demo account and fail horribly in your live account.

You're absolutely right about the psychological training and the lack of it on the demo accounts. But I think it's impossible to start trading well without any experience at all. Demo account supposed to be used for training and they can surely give some useful experience.

When it comes down to it, each traders should do as they think is best. I do not like demo accounts and when I first started to trade I went live from the start. I only traded 0.01 lots so I did not blow my account right away and learned without wasting my time. I can always replenish a trading account, I will never make up for lost time.

TheLastBear posted:
When it comes down to it, each traders should do as they think is best. I do not like demo accounts and when I first started to trade I went live from the start. I only traded 0.01 lots so I did not blow my account right away and learned without wasting my time. I can always replenish a trading account, I will never make up for lost time.

Using demo account is a good idea, because you can test your trading strategy here. Even if you trade with small lots, it's sort of expensive variant of education.

RollingStones74 posted:

TheLastBear posted:
When it comes down to it, each traders should do as they think is best. I do not like demo accounts and when I first started to trade I went live from the start. I only traded 0.01 lots so I did not blow my account right away and learned without wasting my time. I can always replenish a trading account, I will never make up for lost time.

Using demo account is a good idea, because you can test your trading strategy here. Even if you trade with small lots, it's sort of expensive variant of education.

You will not know if your strategy works until you test it in a live account which makes demo accounts useless.