DEMO ACCOUNT vs LIVE ACCOUNT
Membro Desde Apr 14, 2014
230 posts
Sep 14, 2014 at 00:27
mohamedelnaggar posted:
if someone was succeded in demo by 80% , will hi succes same percentage in real account?
At least for me the answer is NO.
Sep 14, 2014 at 04:32
Hi peeterwoolf,
no from my side too. Demo and real live accounts are two different animals. Demo accounts is good for testing purposes only and will give you some valuable information on how a strategy is preforming. Live accounts will give you the insight if the strategy and system is up to par with your expectations.
no from my side too. Demo and real live accounts are two different animals. Demo accounts is good for testing purposes only and will give you some valuable information on how a strategy is preforming. Live accounts will give you the insight if the strategy and system is up to par with your expectations.
" Lock in the profit and minimize the draw down "
Membro Desde Apr 14, 2014
230 posts
Sep 15, 2014 at 00:02
That's very true, people always wonder why they make money with demo account not live account, I guess that's the reason. Of course live account use your own money also make huge difference.
Sep 15, 2014 at 11:22
csc2009 posted:
Demo and real account are for different purposes.
It really depends. As example: If you use a scalping strategy, then the results can und will be very different. However, if you are a 'swing' trader, results on demo and live accounts will almost be identical.
Regards, Alexander
Membro Desde Aug 24, 2014
2 posts
Sep 16, 2014 at 06:36
I haven't traded live but I have made 118.5% on my demo and I also wondered if I will fare the same way on a live account. I am ready for the challenge anyway.
Live the imagination!
Sep 16, 2014 at 14:23
Hi Tafadzwa,
118.5% on a demo account is very good and it can give assurance that maybe your trading is going on the right track. However going live is a totally different story. Aspect like emotions knowing real money is at stakes creeps in. Will you trade the same on a live account vs a demo, No. You should protect yourself right from the start with proper risk management. Like having a stop loss on every position made, then you have secured yourself on open positions. They are placed on the broker server and will execute even if your own computer loses the internet connection or if there is a hardware malfunction. Also you should have a protection on you entire trading account regardless on how many positions are in place. You can build a RMM strategy that includes these two crucial parts.
118.5% on a demo account is very good and it can give assurance that maybe your trading is going on the right track. However going live is a totally different story. Aspect like emotions knowing real money is at stakes creeps in. Will you trade the same on a live account vs a demo, No. You should protect yourself right from the start with proper risk management. Like having a stop loss on every position made, then you have secured yourself on open positions. They are placed on the broker server and will execute even if your own computer loses the internet connection or if there is a hardware malfunction. Also you should have a protection on you entire trading account regardless on how many positions are in place. You can build a RMM strategy that includes these two crucial parts.
" Lock in the profit and minimize the draw down "
Membro Desde Aug 24, 2014
2 posts
Sep 17, 2014 at 06:56
Hi kricka,
Thank you so much for your advice. I will be sure to use proper risk management. I am looking forward to trading live by the 25th of September 2014
Thank you so much for your advice. I will be sure to use proper risk management. I am looking forward to trading live by the 25th of September 2014
Live the imagination!
Sep 20, 2014 at 08:42
https://www.myfxbook.com/members/umar707/scalping/1020523
I scalp on more volatile pair. Taking about 1-3 pips from the market and I am so good on demo. Spread on GBPUSD is floating between 0.6-1.0. Will it be the same on real account?
I scalp on more volatile pair. Taking about 1-3 pips from the market and I am so good on demo. Spread on GBPUSD is floating between 0.6-1.0. Will it be the same on real account?
Practice makes a man perfect.
Sep 22, 2014 at 02:42
(editado Sep 22, 2014 at 02:52)
Hi Umar,
you might preform the same in a real live account. The different are some aspects that you should pay attention to though.
1. Emotional thinking Live vs. Demo.
In a live account you have real money on the line so therefore you will have a natural attachment to your positions made. Are you ready to lose if the market goes against you? Or do you see this as one of many trades where you lose some and win some?
2. Revenge thinking.
If you are down for the day and are in a position when you feel you know 'better' then where the market is heading. Do you buy another position at a lower/higher price to make up for the mistake entering the market?
3. Are you ready to quit for the day if you are in a good profit and lock in your winnings? Or minimize the draw downs if the market goes against you?
These are a few questions you have to be honest about when going live.
you might preform the same in a real live account. The different are some aspects that you should pay attention to though.
1. Emotional thinking Live vs. Demo.
In a live account you have real money on the line so therefore you will have a natural attachment to your positions made. Are you ready to lose if the market goes against you? Or do you see this as one of many trades where you lose some and win some?
2. Revenge thinking.
If you are down for the day and are in a position when you feel you know 'better' then where the market is heading. Do you buy another position at a lower/higher price to make up for the mistake entering the market?
3. Are you ready to quit for the day if you are in a good profit and lock in your winnings? Or minimize the draw downs if the market goes against you?
These are a few questions you have to be honest about when going live.
" Lock in the profit and minimize the draw down "
Membro Desde Jun 09, 2014
138 posts
Sep 29, 2014 at 21:07
Kricka has a few good points there.
Sep 30, 2014 at 06:41
Slippage and transaction costs will become apparent on live trading, especially when scalping 1-3 pips. These can eat up on the performance results compared to a demo performance. Just anticipate this when going live.
There is nothing lost or wasted in this life
Oct 03, 2014 at 11:27
everything in a world has an compromise 😉
you can try a mini accounts, you will trade on a live account which gives the feeling of a real trade but small amount of it doesn't give you a chance to loose much. 😎
i think is is the best way for newbies to learn
you can try a mini accounts, you will trade on a live account which gives the feeling of a real trade but small amount of it doesn't give you a chance to loose much. 😎
i think is is the best way for newbies to learn
Membro Desde Sep 09, 2014
65 posts
Oct 14, 2014 at 06:59
Think that only live account will have you info about 'real true side' of broker. Start with small depo and test broker's execution
There can't be enough money
Oct 14, 2014 at 13:54
I am very much concerned about trading as such. Of course, due to risk exposure we need some time to try and experiment the market. Therefore, I am 100% sure that though there's no adrenaline on trading with DEMO, yet, it's extremely useful to start and spend quite some time on a DEMO account.
Make money for life and make forex part of my life
forex_trader_139412
Membro Desde Jul 16, 2013
385 posts
Oct 16, 2014 at 19:02
Maybe someone has mentioned this before in the thread - I am too lazy to go back and check.
I have a real and demo. Let's take U/J for example. On the demo it has a spread figure of +/-1.8 on my live account 24.
Needless to say then, It will perform wonders on demo, but will it give me even half of that performance on real?
I have a real and demo. Let's take U/J for example. On the demo it has a spread figure of +/-1.8 on my live account 24.
Needless to say then, It will perform wonders on demo, but will it give me even half of that performance on real?
Oct 16, 2014 at 22:48
The demo account is a great tool to learn the inns and outs in a trading platform, there lies the true value of a demo account and testing different strategies before going live is another one. 'fxgouveia' there is some adrenaline build up even in a demo account but of course compared to a live account its minimal. How about lets say 10% adrenaline build up compared to a live account, sound like a good round number :).
" Lock in the profit and minimize the draw down "
Membro Desde Apr 14, 2011
72 posts
Oct 16, 2014 at 23:37
Psychology is a huge effect. Real money is real money. Trading real money; you see whether you can hack trading or not. Demo always give you a false sense of urgency.
Never ever ever give up!!!
Membro Desde Jun 09, 2014
138 posts
Oct 20, 2014 at 06:52
Again I agree with kricka and Jonny.
