DEMO ACCOUNT vs LIVE ACCOUNT
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1948 ieraksti
Dec 29, 2016 at 13:25
What a load of BS, live account is nothing like Demo, if it was trading would be a lot easier, re quotes, slow closing of positions when in profit, broker disconnections with certain brokers, its a good thing to have freedom of choice, since I switched brokers ,I have zero problems. No one keeps moving the goal posts in Soccer training or the landing strip in Flight training.
"They mistook leverage with genius".
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169 ieraksti
Dec 29, 2016 at 15:52
If you have a bad broker, then thats the problem...
All my years of trading on Live Accounts at reliable brokers...no problems. If you use small Stops of 10, 20, 30 Pips then youll have problems. The market just needs to sneeze for you to be Stopped Out..this then leads to traders blaming the brokers, market etc.
If you had a good strategy on a Demo with large enough Stop Losses, shouldnt have a problem replicating those Demo trades on a Live Account...
Duane
DRFXSWINGTRADING
All my years of trading on Live Accounts at reliable brokers...no problems. If you use small Stops of 10, 20, 30 Pips then youll have problems. The market just needs to sneeze for you to be Stopped Out..this then leads to traders blaming the brokers, market etc.
If you had a good strategy on a Demo with large enough Stop Losses, shouldnt have a problem replicating those Demo trades on a Live Account...
Duane
DRFXSWINGTRADING
Pielikumi
Trade Less, Earn More
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46 ieraksti
Jan 04, 2017 at 08:10
Environment in demo and live will be different like stop level, also in live trading affect your psychology and the result always different because of that factor
forex_trader_375488
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26 ieraksti
Jan 04, 2017 at 20:31
dragonEA posted:
Environment in demo and live will be different like stop level, also in live trading affect your psychology and the result always different because of that factor
Because in live trading when you lose it is like a hard blow.
forex_trader_375488
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26 ieraksti
Jan 04, 2017 at 20:32
Of course the live trade is the best, otherwise, why are there any demo accounts? To trade later live.
forex_trader_384566
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12 ieraksti
Jan 22, 2017 at 08:17
demo account = zero stress:)
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45 ieraksti
Jan 25, 2017 at 15:50
fx33 posted:
demo account = zero stress:)
Stress is also a good thing if at certain normal extent. It keeps you alive, remember 😉 But when it comes to training - demo is best for sure 😄
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45 ieraksti
Jan 25, 2017 at 15:50
snapdragon1970 posted:
What a load of BS, live account is nothing like Demo, if it was trading would be a lot easier, re quotes, slow closing of positions when in profit, broker disconnections with certain brokers, its a good thing to have freedom of choice, since I switched brokers ,I have zero problems. No one keeps moving the goal posts in Soccer training or the landing strip in Flight training.
Precisely! Funny thing is that I even notice such delays in profitable orders closing on demo accounts with some brokers 😁
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10 ieraksti
Jan 26, 2017 at 08:33
jackell78 posted:
Precisely! Funny thing is that I even notice such delays in profitable orders closing on demo accounts with some brokers 😁
That is the matter of slippage? Or a broker considers useless to make delay on demo? 😁
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35 ieraksti
Jan 26, 2017 at 16:52
fx33 posted:
demo account = zero stress:)
But I would add also - No pain = No gain 😉
A knight's tale!
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15 ieraksti
Jan 27, 2017 at 08:57
don't use demo acount, use micro/cent account instead
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41 ieraksti
Jan 29, 2017 at 07:21
josephwong posted:
don't use demo acount, use micro/cent account instead
When? From the very beginning? No matter what is the account, I wouldn't recommend risking any money before a period of intensive practicing...
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41 ieraksti
Jan 29, 2017 at 07:22
AlGauthier posted:
But I would add also - No pain = No gain 😉
Hahaha, this is also true! 😁
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41 ieraksti
Jan 29, 2017 at 07:23
DRFXTRADING posted:
If you use small Stops of 10, 20, 30 Pips then youll have problems. The market just needs to sneeze for you to be Stopped Out..this then leads to traders blaming the brokers, market etc.
Isn't it that the stops are risk precaution measures? If the price goes against you, the bigger the stop, the larger could be the loss. Of course we need to have the spread in consideration as it is the main factor that can trigger your stops sooner or later. I think demo account is the best place to test and validate such situations.
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58 ieraksti
Jan 29, 2017 at 13:37
I really appreciate your offer, most of the new Forex traders can’t concentrate on demo, in this case micro or cent account would be useful! By the way, I used demo account and I was too much serious in my practice account! But it’s true, in my early stage of live trading I faced psychological problems but gradually I understand the principles of live trading!
To change your trading result, just change your thinking.
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1608 ieraksti
Jan 29, 2017 at 15:55
PriceAction13 posted:
I really appreciate your offer, most of the new Forex traders can’t concentrate on demo, in this case micro or cent account would be useful! By the way, I used demo account and I was too much serious in my practice account! But it’s true, in my early stage of live trading I faced psychological problems but gradually I understand the principles of live trading!
The only way to avoid those ''psychological problems'' is to describe your strategy in simple layman words to the smallest details then finding a good programmer who codes those words into an EA. As my programmer says: ''If you can put it into words, I can code it for you.''
Trading with EAs means trading with actual a ''money making machine'' which trade without fear, greed and anxiety. Above all, it is just fun making money while sleeping (which is literally true as my EAs are trading mainly the Asian sessions).
I have been trading only by EAs for the past years and I could never go back to face the anxiety involved with manual trading LARGE ACCOUNTS. I have to admit that I have difficult times EVEN TO WATCH my EAs trading my personal and my investors' accounts with $50,000+ total under management...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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15 ieraksti
Jan 30, 2017 at 08:01
shirley_F posted:Yes, from very beginning, you will learn when you loss, in demo account, people usually don't serious with it because no money involvedjosephwong posted:
don't use demo acount, use micro/cent account instead
When? From the very beginning? No matter what is the account, I wouldn't recommend risking any money before a period of intensive practicing...
Biedrs kopš
22 ieraksti
Feb 01, 2017 at 15:28
Well, I believe both the accounts are same in functionality. The only difference is in demo account your real capital is not at stake whereas in real account you trade with real money. So trader trades risk free in demo account. This is the drawback of demo accounts as even if the people lose money in demo account they don’t take it seriously, on other side when the same thing happen in real account they get agitated. So, in demo one is not able to get a true feel of trading.
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48 ieraksti
Feb 02, 2017 at 15:02
jackwilliams posted:
The only difference is in demo account your real capital is not at stake whereas in real account you trade with real money.
True, but don't forget the execution and all that goes with it (like slippage etc.).
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48 ieraksti
Feb 02, 2017 at 15:03
josephwong posted:shirley_F posted:Yes, from very beginning, you will learn when you loss, in demo account, people usually don't serious with it because no money involvedjosephwong posted:
don't use demo acount, use micro/cent account instead
When? From the very beginning? No matter what is the account, I wouldn't recommend risking any money before a period of intensive practicing...
So you prefer to test the real water first dipping a toe. Not a bad idea in general. Are you still with micro account or you moved to trading at larger scale? How long did it take you to decide and invest more money in forex?
