DEMO ACCOUNT vs LIVE ACCOUNT
Member Since Sep 12, 2015
1948 posts
Mar 19, 2017 at 14:08
PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
Get some professional training if you can afford it.
"They mistook leverage with genius".
Mar 20, 2017 at 09:06
PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
For every loss there should be at least an equal and opposite profit.
forex_trader_388839
Member Since Jan 02, 2017
10 posts
Mar 22, 2017 at 07:34
There is much debate as to whether Demo accounts are useful or not and whether a trader should start directly on a live account. The truth is that the demo account can be very useful in the following cases:
Know the trading platform: The most used trading platform is the MT4. If you are new to trading, chances are you have never heard of MT4 or any other trading platform. The truth is that each one of them has several functionalities that are important that you know before starting to operate in a real one.
Familiarize yourself with the tools of trading: When you start to find out about the different tools that exist to make an analysis of some value you will realize that the variety is wide. Chartist patterns, Japanese candle patterns, elliott waves, heiken ashi candles and so many more.
Know the trading platform: The most used trading platform is the MT4. If you are new to trading, chances are you have never heard of MT4 or any other trading platform. The truth is that each one of them has several functionalities that are important that you know before starting to operate in a real one.
Familiarize yourself with the tools of trading: When you start to find out about the different tools that exist to make an analysis of some value you will realize that the variety is wide. Chartist patterns, Japanese candle patterns, elliott waves, heiken ashi candles and so many more.
forex_trader_338100
Member Since Jun 21, 2016
898 posts
Mar 27, 2017 at 19:32
only live account
Apr 07, 2017 at 11:00
I started with real account right away and now I regret that. Demo trading used to be useless to me 7 months ago - it was just postponing my wealth. Guess you all now know the result. Now I am proud demo trader. I undestand that there is no need to rush, that I won't quit job next month, that forex is always going to be there for me. When I develop strategy that works and suits my style - I mean what signals to look for and how to gauge them I am moving to real trading. The key here is to trade on live account exactly the same way like demo - tough it is still going to be super hard with real money involved, however, without getting at least little confidence and experience on demo, it would be super mega ultra hard to deal with emotions. I was trying to run before I even learnt how to walk. Perhaps when I experience some serious real trading I will change my mind. I am still a begginer.
forex_trader_415808
Member Since Mar 25, 2017
4 posts
Apr 07, 2017 at 11:33
Member Since Dec 11, 2015
1487 posts
Apr 07, 2017 at 11:41
xgavinc posted:PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.
Member Since Sep 12, 2015
1948 posts
Apr 07, 2017 at 12:26
mlawson71 posted:xgavinc posted:PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.
You could try trading longer time frames on stocks its much easier than FX.
"They mistook leverage with genius".
forex_trader_354005
Member Since Aug 22, 2016
183 posts
Apr 09, 2017 at 06:05
demo and later real, never use first real😕
Apr 09, 2017 at 06:32
snapdragon1970 posted:mlawson71 posted:xgavinc posted:PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.
You could try trading longer time frames on stocks its much easier than FX.
What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.
Apr 09, 2017 at 06:36
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.
Discuss.. 😁
I tested my EA, on brooker with high must high spread, 3.0 on eruusd... like us one example, after tree months, severals i see and apply if are good estrategy, more than 71% i apply on best ecn account Icmarktes... ou ADs securities... 0.1 spread.
:)
Bye.... mustgaineuroze EA...
Thanks
Theo.
android.teo52@
Member Since Dec 11, 2015
1487 posts
Apr 09, 2017 at 10:57
(edited Apr 09, 2017 at 10:57)
ForexProtect posted:
demo and later real, never use first real😕
That's really the simplest and most accurate way of putting it.
Member Since Sep 12, 2015
1948 posts
Apr 09, 2017 at 11:26
woodr696 posted:snapdragon1970 posted:mlawson71 posted:xgavinc posted:PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.
You could try trading longer time frames on stocks its much easier than FX.
What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.
If you did some research you would know:)
"They mistook leverage with genius".
Apr 09, 2017 at 13:56
snapdragon1970 posted:woodr696 posted:snapdragon1970 posted:mlawson71 posted:xgavinc posted:PanMajk posted:
Been using demo account for 3 months and still I dont have enough confidence. I will practice for another 3 months at least or even to January if needed. Do I really need live account to build confidence?
I would say you never really stop 'practicing'. If your demo account balance is $100 000, you won't learn anything, that's where a small, micro, live account will do you a world of good.
I agree. There's no use to a demo account if you won't trade on it exactly like you'll trade on a live one. Having a $100,000 deposit in the demo account just creates false expectations.
You could try trading longer time frames on stocks its much easier than FX.
What's the difference? Charts read the same - no matter the market. If I see in the charts a range and it's near the top - doji forming signalling reversal on the monthly - wait for verification/close, new month starts the downtrend, sell short at a pre-determined point determined by risk/reward analysis. Ride until trailing stop gets taken out. Same methods apply across the financial multi-verse. Fundamental analysis - Currency/Macro-economics tie-in to individual stock returns/growth/health as well. I will agree that leverage typically scares off the newbs and rooks. I know guys that have been actively trading stocks for years - and won't even consider playing in the fx world because... leverage.
If you did some research you would know:)
Juvenile response - deflection? As I stated - I know plenty of guys that trade stocks on just technicals alone and make good money doing it.
Member Since Sep 12, 2015
1948 posts
Apr 09, 2017 at 17:08
You obviously don't know the difference.
"They mistook leverage with genius".
Member Since Feb 22, 2011
4862 posts
Apr 10, 2017 at 06:17
snapdragon1970 posted:
You obviously don't know the difference.
For EA there is no big difference trading demo vs. real. On good broker there are very similar conditions.
For manual trading there is a psychological aspect as you cant accept loose of 10000 real dollars compared to demo:)
Apr 10, 2017 at 06:43
ForexProtect posted:
demo and later real, never use first real😕
Guys, today i´m used this strategy, 3 pairs on correlation 1 positve 2 negative - (1buy 2Sell) - on demo account with expert advisor, with high spread broker demo account ( for example 10.000,00 demo), i put on copy account on my real - the slave real - will copy the master demo. ( the brooker not slipage my orders cause not copy sl and tp - on real account)
Very well : hahahaha.
:).
Ps. of course after 2 months of test on demo account.. :)
android.teo52@
Apr 10, 2017 at 11:46
togr posted:snapdragon1970 posted:
You obviously don't know the difference.
For EA there is no big difference trading demo vs. real. On good broker there are very similar conditions.
For manual trading there is a psychological aspect as you cant accept loose of 10000 real dollars compared to demo:)
Agree there is no big difference with EA short term, but there is a difference. For example, on a demo comparison I tried, demo gave me no gaps or slippage and the swap rates lagged behind the real account. I also had no-fills on real (out of price errors) while demo filled orders regardless (causing the most impact). These add up quickly to a huge difference in outcome (note I say outcome not strategy or method). It really comes down to how the broker sets up the demo vs real servers, some will follow real principles, others set them up to just run as efficiently as possible for trading practice (not meant to represent real trading environments). On manual trading the variables become even greater as you are more likely to trade at higher risk, less emotion (in the beginning) and with a 'try and test' attitude on demo than with real.
For every loss there should be at least an equal and opposite profit.
Apr 11, 2017 at 07:24
Agree there is no big difference with EA short term, but there is a difference. For example, on a demo comparison I tried, demo gave me no gaps or slippage and the swap rates lagged behind the real account. I also had no-fills on real (out of price errors) while demo filled orders regardless (causing the most impact). These add up quickly to a huge difference in outcome (note I say outcome not strategy or method).
Does it really matter when somebody trades manually on daily and higher timeframes?
