Purpose of demo trading

As per my point of view, through demo trading you can enhance your skills, know about a particular trading environment and can make yourself prepare for the live trades.

The demo helps to learn trading skills. It is very difficult to make money from trading if you have incomplete knowledge about the forex trading Therefore, all types of analysis should be practices through demo trading.

demo solves too much in the work of any trader, the main thing is to use it correctly for each of your work questions

Demo account is good for newbies. When you just start your trading way. Demo is good for testing your strategy. MAybe that's all. :-)

The main goal of demo trading is to meet a trader with trading activity. It's a quite good instrument for acquiantance with various oeculiarities and features of trading activity. It literally teaches you how to trade. It's a great empirical method I guess. There are no alternatives to it. Even if you will watch some videos where traders make traders, it won't give you such experience as your own demo-trading will. In my opinion, the main two things in the process of learning trading activity are theory (videos,courses,information) and demo-trading. All brokers offer such a function. You can also create, edit and test strategies on demo account.

Demo account is necessary to build skills to move in real trading world.

Its forex traing process to make ready for live trading.

The biggest advantage of a demo account is the ability to learn without losing funds. As for me, this is a really very important aspect.

The demo gives a lot to beginners, so I advise you to always use the demo in your work

Demo accounts offer an opportunity for traders who are interested in learning more about forex trading or who want to test out a new type of trading strategy without putting their money at risk. But it will not give you the experience of actually trading.

@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.

For developing your skill and understanding of the way the market moves. This helps for strategy development and testing.

As for me, the advantage of a demo account is the ability to learn without any special losses for the trader himself. This is really very important!

Akasuki posted:
@marindateal Yes demo is very beneficial for learners. Some people say it has no use. But to test our strategy demo is the best platform. We can't risk money by testing a strategy on live account.

Absolutely, I would just say that a demo trader need to however keep trading realistic, and not use a bigger amount in demo when in live he would be using a smaller account.

Demo trading is not mandatory, but it is essential to test and enhance your trading skills. The purpose of demo trading is to strategize and develop practices that can make you a trader who knows how to minimise risks.

@Willowerno Without Demo trading if anyone wants to Forex trading, he has to lose a lot of money just to get basic ideas of how trading works.

Demo accounts are a great way to get your hands on in trading. Especially if you’re a beginner, you should start trading on a demo account however it does not always give you a real experience. You'll get to experience some things like difference in spreads, re-quotes, slippage, over-trading and other emotional issues while trading live only.

The main task of a demo account is to teach a trader to work. As for me, this is really the key goal of working on a demo account.

Although beginner traders can jump to use the real account, however, it's not good to step, and maybe will close to suicide account, trading forex looks simple in theory, but actually complex and complicated in reality, this is need skill to work profitable, demo account is a good and free place to learn how to manage money and finding good and suitable trading strategy.