Importance of demo trading

yeah make sure they are properly regulated. Not somewhere in the Caribbean!

I recommend using the demo for 3 months at least, and then start a little bit with reality, since it is our money that we speak of, you must be sure. This issue is complex and you always have to go for the safe side

FlavioGonzalez posted:

I recommend using the demo for 3 months at least, and then start a little bit with reality, since it is our money that we speak of, you must be sure. This issue is complex and you always have to go for the safe side

I would even say that three months is too short a period to learn to trade relatively well on a demo account. I would recommend a longer period.

Instead of boring I would say that it is quite entertaining, it is difficult to fall into a mnotonia within the stock market, because it encompasses all the problems worldwide. How to get bored with this? It is a matter of locating the best for you and adapt to it with ease

Hi all!
A Demo Account Plays a vital role when comes to the point you need to select a broker and you feel like testing all the conditions they provide, also if someone is a newbie he can practice on the demo account and then after attaining experience he can jump to the live account.

Demo account is must this is what I consider. Before you trade on the live account you can practice the strategies and the executions on the demo account. If something does not go right in the demo it is not a matter of worry as it will not cost you anything. In the live account, one will be afraid to apply his strategies and try something new that with the demo account it can be done without any real money included.

Very well said. I would also like to add that when moving to a live account you should start with 0.01Lot first and ease your way in

Yes I have gone back to my demo after burning a small amount of money. I was on a 55/45 loss win but over time i can't sustain this if I want to have a future in trading. Back to demo to refine my skills for now. And starting with a 0.01 position is a very good IDEA.

instead of demo account, I know some broker also provide test account, which uses real server, so will have slippage or delay like a real account. more realistic, I think.

HowardLu_FX posted:
instead of demo account, I know some broker also provide test account, which uses real server, so will have slippage or delay like a real account. more realistic, I think.

I've never heard of test accounts. What kind of money do they use?

So many negative reviews in forum communities about demo trading. And it is one of the major reasons why new Forex traders are discouraging from this trading place. Practically you could not earn real money from demo but of course you could earn real trading experience from here. Now it’s your choice.

Imamul posted:
So many negative reviews in forum communities about demo trading. And it is one of the major reasons why new Forex traders are discouraging from this trading place. Practically you could not earn real money from demo but of course you could earn real trading experience from here. Now it’s your choice.

It is true that demo trading cannot help you in earning any real money but that is not the purpose of it. It is meant for learning real trading experience which will help you immensely in making real money when you go live.

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

I feel demo trading can be very valuable as they allow traders to become familiar with the trading software and many experienced traders still use demo account to back test new strategies and methodologies.

jonny99 posted:
I feel demo trading can be very valuable as they allow traders to become familiar with the trading software and many experienced traders still use demo account to back test new strategies and methodologies.

That's right. Demo is useful for both beginners and experienced traders.

jonny99 posted:
I feel demo trading can be very valuable as they allow traders to become familiar with the trading software and many experienced traders still use demo account to back test new strategies and methodologies.

You are right, I still uses demo at times to test system upgrades apart from using it to copy or test copiers directly from live accounts.

demo is for test strategy. many experienced trader using demo first to test their strategies

KATSUO posted:
demo is for test strategy. many experienced trader using demo first to test their strategies

That's right and I think its a good choice too. It takes one through the technicalities.

I believe that in order not to risk your money and not immediately disappointed, you need to make sure the demo account.