Purpose of demo trading
Apr 20, 2021 at 15:42
Joz8 posted:Yes, demo trading is very important. It is more collaborative for most beginner traders. Demo platforms help a lot in developing strategies.
Demo trading is a great way for beginners, or I should say even for experienced traders, to test their strategies without the risk and fear of losing any money. Newbies in trading should always start with demo trading, and not live trading, do demo practice first and then gradually start live with little amounts.
Mitglied seit Mar 17, 2021
536 Posts
Apr 20, 2021 at 15:49
Mohammadi posted:I think demo account is the best option to practice and test your strategy.
instead of demo i at all times use micro account which is very supportive to acquire real knowledge and experience.
Apr 20, 2021 at 22:32
Demo trading is used properly, it will help the trader to prepare to make money in the real trading account, but usually in demo trading start with huge capital, let say 5000 USD, but in real trading account only use small money less than 500$, if trader serious in demo account I think they can start with $100 to learn how to manage the money in uncertainty market condition.
Apr 21, 2021 at 07:19
A demo account helps the newvie to get a glimpse of what goes on in the market, how trades are placed, what all indicators can be used to dig out trade ideas, what margin is required to place trades, how leverages function, and what not.. Basically a demo account gives the trailer of trading.
The more your practice, the more you learn.
Mitglied seit Sep 12, 2017
238 Posts
Apr 21, 2021 at 11:57
the purpose is to practice n be prepared for the live
Mitglied seit Jan 22, 2021
125 Posts
Apr 22, 2021 at 11:00
Generally, demo account must be with the broker with whom you will be start your live trades as this will help you to understand their platform. But now a days even experienced traders practice on demo account just to tune themselves with current trends.
Mitglied seit Aug 27, 2017
994 Posts
May 03, 2021 at 09:50
practice is really important , i and for that demo is the best solution even though most of the traders especially the beginners dont believe the importance of demo.
keeping patience.......
May 06, 2021 at 10:34
Akasuki posted:Yes, even practice requires correct direction. If you are practicing on the demo account without any strategy its of no use.
Purpose of demo is to practice. But not just random practice. With specific strategy and plans, one should practice on demo. Otherwise demo trading doesn't give any benefits.
The more your practice, the more you learn.
Mitglied seit Feb 15, 2021
8 Posts
Jun 11, 2021 at 07:07
I use demo accounts to test my strategies and practice my trades before making them on the real account.
Mitglied seit Sep 12, 2017
238 Posts
Jun 11, 2021 at 13:33
the purpose of demo account is very clear, it helps you plan and try your strategies
Mitglied seit Jun 26, 2020
327 Posts
Jun 13, 2021 at 07:39
according to my trading experience demo is important , there is no way to ignore but the result we get from demo not works in a real account for that reason we never believe the importance of this trading place.
Jun 14, 2021 at 23:34
Using the demo account will depending with each trader purposes, for beginner, they use demo account because they want to learn how to trade, implemented all trading strategy that learned, but for the experienced trader, they use a demo account for testing purposes with new trading system or forex trading robot, if already passed demo account with the confident trader can start using micro account, first time use the micro account I am uses FXOpen
