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Importance of demo trading

ele020 (ele020)
Feb 08 at 06:03
150个发言
Tradelist45 posted:
there is no way to ignore the importance of demo but honestly speaking the experience we take from demo actually not works when trading in a live account. we the newcomers actually should choose the micro account instead of micro.

Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant 'Micro account instead of Standard'

The more your practice, the more you learn.
blackChelsea
Feb 11 at 09:25
52个发言
I have been doing forex trading for many years and I still test my plan for a trade as I can't afford to lose my money. It’s a kind of homework, and trading in forex is like an exam. Have you ever sat in an exam hall without preparation ? No, right! So, always backtest your strategies and then trade live.

KnowFinance
Feb 11 at 12:22
80个发言
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.

Joz8
Feb 17 at 05:21
102个发言
KnowFinance posted:
Through demo trading, one can examine his strategies, become aware about the trading platform, without risking any real money.

Yes, this is why I always suggest beginners to trade on a demo account first. Great way to practice and become known to the markets, without the risk of losing any funds.

Sarjohn (Sarjohn)
Feb 22 at 08:50
115个发言
Demo trading is the best way to learn Forex and get aware of the platform also, it helps to learn how to open and close positions, place orders, chart patterns, you can also have your trading history so that you observe your mistakes and then make a strong trading strategy before going to a live account. And the most important is in demo trading you do not risk your money.

eekpillar
Mar 16 at 10:55
23个发言
Demos can turn out to be very important for practising a trade before investing your money.

Stonesong
Mar 23 at 12:32
110个发言
And most importantly, the demo version can help in the future, when we work on a real account, for example, to work out a new strategy.

garrettlamb
Mar 25 at 05:28
11个发言
Demo trading can help a trader save so many trades. They are also useful for practising for free.

Ramierez
Mar 25 at 12:21
20个发言
The demo account is the best tool for beginners to learn about forex market trades. Most importantly, the demo version can help in the future when beginners began to work on real accounts and develop strategies.

Ariest
Mar 26 at 13:43
10个发言
The more time you spend on a demo account and carefully work through all the points, the easier it will be for a real account.

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