Demo trading

For a new trader, Demo account is a good way to practice and learn. Practice as much as you can, once you are confident enough, you can move to live trading.

Hi to all,

i'm a newbie here and in this industry, so apologies if this seems a stupid question😄

Read a lot that demo trading is something different than real trading, even if you use the same broker, platform, trading with the same leverage and so on.

Is it true or not?

Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?

When I started trading I used demo account for 2 months to undertsand the strategy and techniques.

Some underestimate the demo account, but it really helps a lot.

Demo trading is very effective for those who want to learn forex. If you are new in this market, you should trade on demo first.

Demo trading is very effective for the new traders to learn forex properly and perfectly. They can learn forex practically without any investment.

005500 posted:
For a new trader, Demo account is a good way to practice and learn. Practice as much as you can, once you are confident enough, you can move to live trading.

A demo is the best way to learn forex perfectly.

The demo account is the best to improve your trading skill and it's free.

SofieAndreasen posted:
The demo account is the best to improve your trading skill and it's free.

The demo account is the best place to learn forex.

If an aspiring trader cannot maintain the same discipline on demo that is required to trade and make money on a live account, then he/she is a failure waiting to happen

The demo trading account works just like a real trading account. The difference is that you don't have the actual funds when trading with a demo account.

I have been trading on a demo account for more than three months. I think that I need to continue trading on this account because I feel that I haven’t learned everything required yet and many nuances need to be cleared and this can be done through intensive practice only. Of course, it could be done on a real account but I don’t want to sacrifice my hard-earned money.
I heard it’s very harmful for novice traders to stay on a demo account for a long time because demo trading doesn’t teach to tame emotions. Perhaps, it’s really so, but it’s a general recommendation and it doesn’t take into account individual nuances. I personally feel strong emotions even when trading on a demo account. It’s probably because I’m a very sensitive person. I already try to fight my emotional impulses.

its a very nice reply with some fine lines. thanks for your nice post.

As for me, the demo account is a very important aspect for learning. Even when I started working, I used this option of work.