Is demo trading enough before real account?
May 14, 2021 at 13:34
I wouldn't say demo trading is enough before opening a real account to trade live, but it is one of the main aspects of learning about forex live markets because the demo account helps a beginner familiarise with the market movement and its trading platform software.
Member Since Mar 23, 2020
21 posts
May 26, 2021 at 10:55
it's a good thing to test the strategy in demo, and after you are used to the strategy open an real account 😄
Experience is the hardest teacher because she gives the test first, the lesson afterward.
Member Since Mar 17, 2021
536 posts
Jul 28, 2021 at 10:38
FedericoLin posted:Yes. Demo is the best option to practice.
it's a good thing to test the strategy in demo, and after you are used to the strategy open an real account 😄
Member Since Jul 23, 2020
759 posts
Aug 04, 2021 at 10:29
It is not. Traders need to know about trading psychology in real trading.
Aug 05, 2021 at 04:33
A demo account is going to give you the possibiility of using the platform, see how trading works, but it is not going to give you the emotions associated with real trading, such as how fear or doubt set in before you make a decision. Nonetheless it is still helpful to spend time on a demo account at first. However you should also substantiate that with plenty of reading and research so as to learn more about news that affect the market, for example, and there are also courses you could consider following. I suggest you start with small amounts first when you move on to real trading and it is also important to have a trading journal to record what you did so that you can keep track and improve over time through your own experiences. Risk management is also key.
Member Since Aug 05, 2021
401 posts
Aug 19, 2021 at 02:18
Demo accounts are helpful when it comes to learning the mechanics of trading and testing strategies. Not so much when it comes to the psychological or money management parts of trading. I think it's crucial to trade on a demo, but keep in mind that you could start to feel anxiety, greed, or other emotions once you go live. Also, the demo doesn't teach effective money management since you can just have it topped up, but I've read suggestions that say you can try giving yourself real world consequences to make the demo account results feel more realistic and so that you'll take it more seriously.
Aug 21, 2021 at 13:05
lucie_fxtrader posted:Yes it is and I provided you stick to your strategy and don’t start to fall apart when things don’t go your way
Hi all,
As a new trader I am trying to develop strategies in demo accounts before registering for real accounts. Is this enough though for me to be ready to enter the real markets?
Thank you!
Aug 22, 2021 at 12:54
@lucie_fxtrader Demo trading is good before entering into live trading. But demo trading should be done by following specific strategy and risk management policy.
Member Since Aug 10, 2021
178 posts
Aug 23, 2021 at 07:02
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Member Since Aug 23, 2021
8 posts
Aug 23, 2021 at 08:57
demo is a must
i was used to trade using demo accounts about 3 years. Of course I've tryed with real accounts but only with small amounts.
now i have 4 active accounts to trade news and for ea. Without demo account and I coulnd undestood how to trade
i was used to trade using demo accounts about 3 years. Of course I've tryed with real accounts but only with small amounts.
now i have 4 active accounts to trade news and for ea. Without demo account and I coulnd undestood how to trade
no day trading at all 420 days, 3 hours, 12 min
Member Since Apr 09, 2019
538 posts
Aug 23, 2021 at 09:26
Demo trading is a must to start with in my opinion. That's not to say going live eventually isn't but if you've not got an objectively winning strategy, why would you then futher complicate it with psychology?
If you can't spot the liquidity then you are the liquidity.
Member Since Aug 16, 2021
9 posts
Aug 23, 2021 at 12:44
Demo is not enough but it is essential to use. If you do not try on demo then you will just lose money. better to lose fake money
Member Since Mar 17, 2021
536 posts
Aug 31, 2021 at 07:51
Williamfreed posted:Demo trading is the best place to learn and practice.
Demo trading is necessary for every trader before real trading because demo trading will help you a lot to gain experience and you can test your strategy.
Member Since Aug 31, 2021
3 posts
Aug 31, 2021 at 12:50
(edited Aug 31, 2021 at 12:51)
Demoing first is a wise decision and i still use demo to modify my strategy
Never give up
Nov 16, 2021 at 08:30
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
Member Since Jul 20, 2020
399 posts
Nov 16, 2021 at 08:34
Kalestont posted:
I believe that demo trading is obliged before real trading actually. Plenty of traders nowadays underestimate the necessity of demo trading, because they're convinced that it gives you nothing.
However, I can't agree with such an opinion and believe that demo trading teaches traders basic notions and mechanics in trading activity. If you have never faced trading activity, then you probably would be interested in the mechanics of creating market orders for example.
So, it's not only enough, you're obliged to pass all the stages before you start making money on a real account.
I agree, it absolutely gives something to new and experienced traders. It is key to use it when you want to tweak a strategy or learning a new one. It is not the full answer to successful trading but makes a big difference imo
