Importance of demo trading

As I said, Demo trading has been very important to me because it allows us to strategize and implement the plan or strategy before actually putting them in live account, also you can always tweak and implement to make system respond to profit or losses better

Demo trading gives you a good insight into how this market works. Best way to practice and get familiarized with the market, without risking any money.

instead of demo i right now i am busy with micro account which really supportive to ensure real trading experience.

Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.

Demo trading can be used for learning new things even after trading on live account or after making profit. Trading on a demo account makes you familiar with the platform and helps in testing new strategies without risking the real money.

I would recommend demo trading for beginners because, in demo trading, a trader can test all the strategies.

But would also suggest not overstaying on it for a longer period because the live trading experience is when you will know if the strategy created will turn into profits.

Brel posted:
Every newbie should start with demo trading imo.
Directly beginning with live account can be risky.

Yes. I completely agree with you. A demo account is the best way to learn and practice forex trading.

Demo trading is the first level of education. It is possible to gain a lot of knowledge by doing demo trading. As a trader, I first learned by doing demo trading.

If you do demo trading, it is possible to gain profit in live trading by creating a strategy. Demo trading is the first part of education. The role of demo trading is a lot to gain knowledge.

Successful traders always take advantage of the opportunities that are presented in this plan before real trading, because these are opportunities to ascertain their abilities.

Indeed demo is the best way to start one's journey as a forex trader. Some people don't believe too much in it, but believe me when i say no one should risk their real funds before practicing for sometime on demo account.

According to me, the experience of trading on demo and live account is totally different.

the only difference between the demo and the real is at the psychological level of the trader. virtual money that you can lose without limit and real money that you cannot afford to lose.

Demo trading is one of the means to gain knowledge. The strategy should be developed by demo trading.

Thanks to trading virtual funds, it is possible in practice to make sure of the effectiveness of the strategy and, if necessary, make appropriate changes

demo most of the time not works , i means we cant focus on there , its a emotional issue all about.

i belive its all about the mindset. if one wants he she can learn alot from the demo account. its all in the mind how we look at it.

For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.

Malajind posted:
For some demo accounts, it is not as important as for other traders, but everyone should understand that this is an opportunity to increase their experience and gain confidence.

Definitely its gives you an insight into the forex trading platform and you can definitely share strategies.