Is demo trading enough before real account?
Member Since Jun 22, 2020
77 posts
Oct 29, 2020 at 11:15
Kazile posted:Absolutely. I strongly believe in having a solid trading plan.
Demo account, of course, is important before real trading, but do not forget that you must have your own strategy and trading plan.
Member Since Nov 03, 2020
65 posts
Nov 03, 2020 at 14:25
After some practice on a demo account, it becomes much easier to trade on a live account
Member Since Apr 09, 2018
37 posts
Nov 04, 2020 at 15:03
If you can't post a consistent profit on demo there is no way you will do it live. Just because you post a consistent profit on demo doesn't mean you can do it live. Demo is where to start, but transition from demo to live is just as hard if not harder than posting consistent profits on demo. Live trading changes a lot of things.
Member Since Mar 17, 2021
536 posts
Mar 30, 2021 at 09:20
Tiffany07 posted:You are right. Every new trader should practice on a demo before going live.
Yes demo is important before one goes live. However one must practice for a good time before they go live.
Member Since Jul 23, 2020
869 posts
Apr 06, 2021 at 17:54
Demo trading is not enough in term of trading psychology. Traders also need real trading.
Member Since Nov 03, 2020
65 posts
May 11, 2021 at 08:30
In fact, practicing on a demo account can give you a good enough foundation, everything and experience to switch to a real account.
May 13, 2021 at 15:54
The demo trading is a helpful tool to learn about live forex trades, but it also requires knowledge, focus, strategy and risk-taking skills to enter live trading because demo is risk-free. It can only give you a risk-free practical experience, but real emotions and risks are involved when trading live.
