Imamul posted: Demo trading the first of trading in Forex , but Honestly speaking I have never used this trading place when I was a newbie. Because I was bored in here. I studied in Pips School and besides this i was in live account with small balance. It worked greatly instead of demo account.
How did that work for you? Are you now profitable?
I never really learnt that much from demo account. I only started learning and taking trading seriously when I used a micro account. I suggest that new trader move on to a real account as soon as they can
Mohammadi posted: i was profitable in demo with this trading approach but didn't get same result when starting real account.
ok profitable in demo. May i know is it system wise demo or 5000 & 10000 usd demo. if you use large account in demo then real is like that type of demo. I think we use as careless. We want to invest 100 or 500 usd and we use 5000 or 10000 usd. How it will workable. You have to use demo as real. That is if you want to invest 100 then demo is 100usd ok.
So many demo start at $10,000 but with low leverage accounts trading with $10,000 is very different to $100. My account is small so I asked broker to change my demo account size to only be $100 it limit the trades I can take but better practice
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 ?
Before start live trading, I have practiced 8 months in the demo.
I think it's an essential part to be a good trader.
The traders who are particularly beginners don’t believe the importance of demo account at all. My trading career after passing a long time I still dependable on demo account, I use all my trading strategies first of all in demo account to see the performance how it works. It always helps me to avoid risk in live trading.