Demo trading
Member Since Mar 18, 2019
98 posts
Jan 08, 2020 at 14:41
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
yes without demo how are you gona know what the live trading environment is really like? definitely helps see if your trading style /strats fit well with what the broker offers. the only thing that cant be replicated in demo as with live is issues such as slippage
Member Since Mar 18, 2019
98 posts
Jan 08, 2020 at 14:42
kolute posted:
the path of a professional trader is simple
demo trade till you see you can have a good consistent graph on your myfxbook account
live trade with little funds and small lots till your emotions are lessened
Scale up your account till it becomes a mode of living
To go big you have to start small and from somewhere, don't try to hack the path , you will regret.
very true.demo is only way to see the real spreads the broker offers and see if their leevrage options are good for you
Feb 11, 2020 at 04:02
Demo trading is a very good practice for newbies as well as experienced traders. Demo trading helps a trader in formulating strategies and also helps in testing them. Demo trading provides the same experience as live trading. Demo trading is the best platform to gain experience in forex trading. It provides a newbie with a basic idea of how forex trading works and also gives an understanding of the trading platform.
Feb 23, 2020 at 17:57
Shalidor posted:Exactly...
I also advocate for new traders to be using demo trading as much as possible before they start trading on real accounts. It's a safe way of testing a trading strategy because you stand to lose nothing, compared to a real account
Mar 04, 2020 at 10:13
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
thanks you for advice. i'll start my trading way with demo acc. now i need to find good ea and checked it on demo acc before open live one.
also i need a good broker.
Mar 05, 2020 at 17:22
I agreed with you. New traders will get benefit from demo trading but my point of view different. I think also should trade in real and invest small money on it. I read a story Go check here: https://bit.ly/2ZkWRi5
Mar 08, 2020 at 18:20
Mohammadi posted:
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
Demo accounts have a purpose, and serve all new traders well to practice and apply their knowledge as they go without risk, and also for testing new ideas and strategies.
For me, the one thing demo trading lacks is the ability to learn trading mindset and emotional control. Micro accounts are also a very important step in the trading journey as well.
Mar 09, 2020 at 11:09
Mohammadi posted:A demo account is a good tool for any trader with which you can try new strategies without losing money on a real account
The demo account is really important for all kinds of traders in particularly the newcomers. in my trading career, after passing a long time I still depend on demo account for some inevitable reason, I use all my trading strategies first of all in demo account to see the performance how it works. this approach always helps me for avoid risk in live account when trading practically. What is your experience in demo ?
Member Since Nov 06, 2018
83 posts
Mar 09, 2020 at 18:52
Demo trading can be good for testing out strategies, but you are never linked to the emotion of losing money. I would always recommend when you are confident to deposit a small amount and do tiny lot sizes. That way you can learn risk management, and accept losses/wins.
Member Since Feb 19, 2020
19 posts
Mar 12, 2020 at 15:01
Just for testing - my opinion.
Demo is not a toy - coz you think if you are not losing money on demo you won't lose them on live. FALSE.
When it's a demo account you trade with really high risks. And you carry the same attitude to live.
and BAM! losing all your money.
Use demo just to test out strategies. that's all.
Demo is not a toy - coz you think if you are not losing money on demo you won't lose them on live. FALSE.
When it's a demo account you trade with really high risks. And you carry the same attitude to live.
and BAM! losing all your money.
Use demo just to test out strategies. that's all.
Member Since Mar 12, 2020
2 posts
Mar 12, 2020 at 15:10
demo account is the right tool
Apr 28, 2020 at 16:55
I also used the demo in the beginning to become a little familiar with trading and see how it all works and if I like it before making a deposit to my account. It sounds like a very useful thing to me and I'm very glad that we are given the opportunity to 'test' a broker before deciding whether it's worth your time and your money at all.
It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.
It's also very smart to use demo account to test your trading systems. I'll now do the same, it'll probably help me very much to advance and not be afraid to take risks with real money.
