Importance of demo trading

I consider demo trading as one of the important steps that a trader should perform before going into live trading. Trading on demo accounts will give you a better understanding of the market and will also help in identifying risks that can be avoided while making live trades.

I do not know why people still ask about the importance of demo it is obviously the most important part of learning to trade. If you don't get that then give up

For some reason, some people think that they can do without a demo account and immediately start trading on a real account, this self-confidence often has a detrimental effect on trading.

I also support the idea that demo account can be useful for the newbies. There are so many people nowadays who claim that using demo account is waste of time. Surely, you won't get the same feelings with the real account but you can still test new strategies and get used to the terminal you want to use. That is the most frustrating thing when you want to open the dead quickly but you are not quite sure which button to press. I believe that it is essential to master the terminal so that you can operate it automatically.

the knowledge we take from demo account actually not works in a real account , this is the main problem we have from all.

Demo trading is not just important for learning forex trading, they actually give the original trading atmosphere which learners can feel for free without risking any real money. Demo trading feature is a gift for beginners in my view.

Imamul posted:
the knowledge we take from demo account actually not works in a real account , this is the main problem we have from all.

A demo is the best place for practicing and learning.

Trading with a demo account is a smart way to learn the Forex market. A demo account is a great way to get started without having to risk money. A demo account does not require you to deposit any funds, and this allows you to get a feel for how the forex market works.

traderjakelong posted:
Trading with a demo account is a smart way to learn the Forex market. A demo account is a great way to get started without having to risk money. A demo account does not require you to deposit any funds, and this allows you to get a feel for how the forex market works.

Couldn't say it any better. Demo trading is the king of education

Anayalmeena posted:
I also support the idea that demo account can be useful for the newbies. There are so many people nowadays who claim that using demo account is waste of time. Surely, you won't get the same feelings with the real account but you can still test new strategies and get used to the terminal you want to use. That is the most frustrating thing when you want to open the dead quickly but you are not quite sure which button to press. I believe that it is essential to master the terminal so that you can operate it automatically.

Not just new traders, many traders use demo platforms even though they have not been able to make a profit even though their experience is complete. It is a very good initiative to develop trading skills.

Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks

zalams posted:
Hi I am new to trade. I made consistent profit in demo account for 3 months. However when I try on real money I am loosing. May be emotions playing up as I quit too early. Just wondering how can convert my demo experience to reality. Thanks

You can take a cent account. And you can practice trade by managing risk management. And keep a positive mentality and meditate regularly, then you will get good results in live trading.

It is useful to learn how to trade, but don't spend too much time on it, open a micro account and start learning how YOU react to the market, drawdown and bankroll management.

A demo account is an account that is funded with virtual money. This type of account allows traders to test out strategies and trading techniques before they commit any real money to their accounts. Demo trading is a great way to learn about forex trading without risking any of your own money.

Demo Account is the most practical way of learning the basics of trading without real money included. Demo accounts may not give you the real trading experience but it does make a base for you that helps you when you trade on a live account.

A demo account can surely play an important role in your learning. It helps you cross the barrier of reading what forex trading is and what it really looks like. As you won’t be using any money, you will be free to apply as many strategies as you can without worrying about losing your money.

Demo trading is very important. Many traders try to skip it and straightaway start live trading, but I think that's wrong

I found trading a demo account useful for, Learning how to use the platform, Developing a strategy, Developing a daily routine (sleep, exercise, diet, screen time), Feeling emotional during drawdowns, and losing trades

Demo account provides fake money which is very best to practice. Demo platform is very important for developing knowledge.