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Importance of demo trading
Member Since Sep 08, 2020
36 posts
Oct 06, 2020 at 07:36
Member Since Sep 08, 2020
36 posts
Forex trading takes a lot of discipline. If you ever want to be successful as a forex trader, then starting out as a demo trader is the best education you can give yourself. Once you feel confident of your skills and strategies, you can move on to live trading.
Member Since Sep 07, 2020
70 posts
Member Since Jul 20, 2020
172 posts
Member Since Jul 20, 2020
286 posts
Oct 07, 2020 at 02:24
Member Since Jul 20, 2020
286 posts
Demo trading is a must to gain trading experience. Basic knowledge cannot be acquired without demo trading. When I join new trading, I can develop skills by doing demo trading for a long time. Every new trader should have at least 6 months of demo practice.
Member Since Sep 18, 2020
30 posts
Oct 14, 2020 at 10:35
Member Since Jul 15, 2020
30 posts
True! Demo accounts work great for familiarizing a new trader with the market. Even I started trading through paper currency on the demo accounts of IG and Fxview. And I still use them for testing out new strategies before applying them on my live Fxview account.
Member Since Jun 24, 2020
31 posts
Oct 26, 2020 at 05:32
Member Since Jul 15, 2020
30 posts
rosellemunsays posted:
I am using MT4/Mt5 demos with IFC markets. I doubt if I will ever get to evaluate fxview. They have some issues with their account creation process.
Shouldn't be a problem with a demo account atleast. Btw, what’s the issue?
Oct 26, 2020 at 09:45
Member Since Jul 15, 2020
30 posts
rosellemunsays posted:
Not the demo, but the live one. I tried twice to create my account but rejected both times. Filled in the info correctly as well.
Might i know if you are trying from US? If yes, please note, fxview doesn’t accept US residents.
Member Since Aug 24, 2020
17 posts
Member Since Mar 16, 2020
54 posts
Member Since Oct 08, 2020
17 posts
Nov 19, 2020 at 06:40
Member Since Nov 19, 2020
96 posts
Amber_0302 posted:
demo accounts are the exact replicas of live accounts, and present real market conditions and one can practice as long as he/she wants.
Yes, good for practice.
But since funds aren't involved, effect of emotions is least in demo. The trading experience is too different from live.
Member Since Jul 19, 2020
283 posts
Member Since Jul 20, 2020
278 posts
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