Demo can not make you well experienced
Mitglied seit May 27, 2021
64 Posts
Dec 27, 2021 at 10:04
I think demo trading will only tell you the volatility and platform execution speed. For handling real stress better to start with micro account. And on demo anyone can trade open positions in big lots and can see the good returns in a short time but if some one really want to test the skills then trade with micro lost on demo, this will show you how much your predictions are correct.
Dec 27, 2021 at 23:30
A demo account is useful to backtesting strategy, but indeed to build good psychology trading, a demo account will cant give emotional pressure, and only on real trading account traders will feel real emotion, and here they can learn how to run plan trading with patience and learn from so many mistakes, but demo account is good step to learn forex trading before starting on a real account.
Jan 13, 2022 at 19:23
Demo trading will never make you well experienced in trading, of course, but it brings lots of benefits for you in order to give you the opportunity to become well experienced. Demo trading exists only because of a need of traders to test their skills and strategies. Actually, this is the main function of demo accounts. The experience is being received on a real account and only when you trade on your own money, but not those ones which are given by the broker and considered to be virtual. In my opinion, this type of trading shouldn't be underestimated as well as it shouldn't be overestimated. Everything should be in balance.
Jan 17, 2022 at 04:37
Demo trading is beneficial for inexperienced traders to develop trading skills and create trading strategies. However, it doesn’t make any trader an experienced trader because you require good risk management and emotions to become a good trader, which only the live market is capable of teaching. Therefore, after attaining some trading skills, traders need to start trading with small risks. For that purpose, a micro trading account is suitable.
Jan 19, 2022 at 07:04
The demo doesn't make you a professional. It just makes you better! Many newcomers to Forex trading think that demo trading is not a good way to make the transition from a newbie to a pro. Demo trading is a great way for a new trader to get a feel of the market without really risking any real money.
Jan 20, 2022 at 05:19
Demo trading will save you from losing your hard-earned money. It will let you practice and learn how to trade with less risk of getting burned. You can also test your system and analyze your strategy for free. This will give you the chance to see if you are doing it right.
Jan 20, 2022 at 08:19
Demo accounts remain useful for beginners, but for experienced traders demo accounts cant give them psychological pressure, because treating fake money is different with treat real money, in real money as traders will be more enthusiastic in trading and make their emotions play in minds, when face with loss, and when get profit, emotion will up and down like as the price wave.
Mitglied seit May 31, 2021
48 Posts
Jan 20, 2022 at 08:29
We should neglect the importance demo as this the first step of learning.
Jan 20, 2022 at 20:52
Demo trading doesn't have such a purpose to make you well experienced I think. The main objective of demo trading is to teach you how to understand everything that happens to the market. No doubts, that sometimes people overestimate the essence of demo trading, as well as sometimes these people can underestimate the presence of demo trading. In my opinion, traders have to take it for granted, because it literally is the ticket to trading activity. Of course, some traders neglect demo trading because they are sure that they will handle the market on their own without any help or education. So, here all traders have to decide for them what is more important.
Jan 22, 2022 at 12:38
skihav posted:Of course, the demo platform helps in skills development. Strategies can be easily developed by trading on demo platforms.
Definitely, a demo account can really not give high results. This is purely an opportunity to slightly improve the level of their knowledge.
Mitglied seit Jun 07, 2021
72 Posts
Jan 27, 2022 at 04:28
Yes, demo accounts can’t make you a full trader because you learn trading when you trade in the live trading environment. With demo accounts, however, you can develop trading skills. They are useful to backtest and create trading strategies. But if traders want to make money in forex, then they need to practise in live trading market where they will know about risk management and psychology, the two very important parts of being a profitable forex trader.
Jan 28, 2022 at 14:06
I admit that it can be true, but as of now I can’t trade on a real account because I lack experience. I have some extra money to deposit on a real account but I don’t want to lose this amount from the very beginning. I trade on a demo account and I see that much needs to be improved until I finally dare to risk my own money.
Mitglied seit May 31, 2021
48 Posts
Jan 29, 2022 at 16:37
Demo cannot make a pro trader but yes when you're not in mood to trade you can still tune up yourself with new strategies.
Jan 30, 2022 at 02:15
AlexWood posted:Demo helps to develop trading experience. This is not real money but demo platform is very important for developing skills.
I admit that it can be true, but as of now I can’t trade on a real account because I lack experience. I have some extra money to deposit on a real account but I don’t want to lose this amount from the very beginning. I trade on a demo account and I see that much needs to be improved until I finally dare to risk my own money.
Mitglied seit Aug 04, 2014
66 Posts
Feb 01, 2022 at 12:54
Real money talks. A demo trader is just a demo trader
Mitglied seit Jan 03, 2022
9 Posts
Feb 02, 2022 at 11:57
Demo is for improving technical skills. Live is for improving emotional skills
