Diffrence between real & demo trading
forex_trader_136673
Membro Desde Jun 28, 2013
852 posts
Dec 11, 2013 at 05:50
Can you pay bills with demo, or have a nice vacation? 😄
Dec 11, 2013 at 15:01
Thalantas posted:
Execution time (instant in demo, not in real), slippage, price feed (the price shown in demo could be different from the real price)...
No. That is not correct. Because the strategies i have played on demo given same results in real also. 😎
forex_trader_136673
Membro Desde Jun 28, 2013
852 posts
Dec 11, 2013 at 18:16
fxking1 posted:
Yes. I Cant. But i am saying about the feelings only.😎
1. Then I envy you. If I could trade without feeling I would invest all my assets. I can kick-ass on demo. Just wondering why do you still play on demo.
2. Prove that price feed and slippage is the same on demo and real. Upload real and demo account with the same results you claim.
Membro Desde Dec 15, 2010
795 posts
Dec 25, 2013 at 07:35
It really affect scaping EAs.
Click on my Name to see My Live Charts and Bio.
Dec 25, 2013 at 09:23
fxking1 posted:
I have already checked both of them by using an ea. It has given same resutls to me. Than you.
Are you talking about an EA working on H1 or in M1? does it trades in volatile events?
Obviously it will work fine on H1 or anything at M15 or above. However if you trade volatility you'll see huge differences...same thing on M1...one pip after an other you'll lose.
Everyone here knows that slippage affect trading on demo vs reality and you can't contradict it. You might tolerate it more than others, but this is a different story.
A smooth sea never made a skillful sailor.
Membro Desde Dec 06, 2013
3 posts
Dec 25, 2013 at 10:46
The night spread is very different between demo and real on most brokers.A lot different.
Also slippage could kill you strategy.
Moreover it depends if you trade during volatility times or not and how short your timeframe is. On operations opened for a day or more and if you are not trading during news you would have pretty much the same result but if you trade on 5 minutes chart I would consider a reduction of at least 0.3 on your profit factor.
Also slippage could kill you strategy.
Moreover it depends if you trade during volatility times or not and how short your timeframe is. On operations opened for a day or more and if you are not trading during news you would have pretty much the same result but if you trade on 5 minutes chart I would consider a reduction of at least 0.3 on your profit factor.
Jan 02, 2014 at 07:38
DEMO trading is never equal to LIVE trading.
1. DEMO accounts do not have real slippage
2. DEMO accounts have instant execution
3. DEMO accounts have different price feed
Do I need to continue?
1. DEMO accounts do not have real slippage
2. DEMO accounts have instant execution
3. DEMO accounts have different price feed
Do I need to continue?
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forex_trader_171402
Membro Desde Jan 11, 2014
7 posts
Jan 11, 2014 at 21:58
Yes:
4. DEMO accounts are traded without, fear or greed.
5. DEMO accounts have no withdrawals.
But also:
6. DEMO accounts are traded less carefully and so they might have more losses.
But really: is there a technical difference if using cTrader on an ECN account?
4. DEMO accounts are traded without, fear or greed.
5. DEMO accounts have no withdrawals.
But also:
6. DEMO accounts are traded less carefully and so they might have more losses.
But really: is there a technical difference if using cTrader on an ECN account?
Jan 14, 2014 at 16:10
Well, I do agree with the statement that there is not much difference between demo and live trading.
I also agree with the statement that there is no comparison between demo and live trading.
See how torn I am between the tomaytoe / tomahtoe divide?
To risk-manage the consistent kissing of your knee across the hard road of learning how to ride the forex unicycle, you have to start somewhere, or, to paraphrase Groucho Marx, trading is the art of looking for gains, finding losses, diagnosing incorrectly and applying the wrong remedies.
And now, the easy bit: you're only as good as the tools that you use, so be curious, open-minded and sceptical - yeah, at the same time.
Anyways, demo trading... you can break things and blame the elephant in the room - that managing your losses is hard work, and making gains is down to strategy, analysis and (whisper it) luck.
With demo tradiing (and particularly demo contests that are evenly moderated - here, forexrazor and some others), a trader can apply his strategies without having to stress about losing real money.
However, and here's the thing: both live and demo account trading share one key poison - adrenalin.
Demo account trading can be (not is, or thinks it is, just 'can be') a great arena to learn to risk manage your adrenalin, to inhibit, calibrate and deploy at a time of YOUR choosing. Demo trading can teach you which part of you-the-trader is the tail, and which the dog - and which bit wags which bit.
What demo account trading cannot simulate is the pressure that live trading brings. Like, you can't eat virtual food, dude...
I also agree with the statement that there is no comparison between demo and live trading.
See how torn I am between the tomaytoe / tomahtoe divide?
To risk-manage the consistent kissing of your knee across the hard road of learning how to ride the forex unicycle, you have to start somewhere, or, to paraphrase Groucho Marx, trading is the art of looking for gains, finding losses, diagnosing incorrectly and applying the wrong remedies.
And now, the easy bit: you're only as good as the tools that you use, so be curious, open-minded and sceptical - yeah, at the same time.
Anyways, demo trading... you can break things and blame the elephant in the room - that managing your losses is hard work, and making gains is down to strategy, analysis and (whisper it) luck.
With demo tradiing (and particularly demo contests that are evenly moderated - here, forexrazor and some others), a trader can apply his strategies without having to stress about losing real money.
However, and here's the thing: both live and demo account trading share one key poison - adrenalin.
Demo account trading can be (not is, or thinks it is, just 'can be') a great arena to learn to risk manage your adrenalin, to inhibit, calibrate and deploy at a time of YOUR choosing. Demo trading can teach you which part of you-the-trader is the tail, and which the dog - and which bit wags which bit.
What demo account trading cannot simulate is the pressure that live trading brings. Like, you can't eat virtual food, dude...
I Think, Therefore I'm Guessing
Membro Desde Jun 28, 2011
465 posts
Jan 15, 2014 at 00:03
Let's use a little logic and put this puppy to rest.
Demos are offered by brokers to help traders to learn about their systems. Can you spend the demo money on anything? Of course not, Demos are for learning, only. I have designed several trading systems since 2007 and I still use demos, to check out new algorithms, to make sure my programs are running properly (check out my coding), and to teach new traders about the systems. Demos are very valuable but it is not live so most of the emotions are missing but that is what you want for training.
Brokers are all regulated by now, (not so when I first started with the forex market) if the demo feeds were different than live feeds and the results were different than live results, the government watch dogs would slam that door shut. I saw them do just that for much lessor grievances. If you learn well on a demo, you will do well on a live account but most new traders are impatient and don't spend enough time learning so they are not prepared for the real thing and that is why they have all those emotions to deal with when live trading.
I have emotions when trading both live and demo, it's called boredom. Once you get to know your system, you don't get nervous or emotional because you have been here before and know just what to do. If you are still getting nervous, your brain is talking to you, it's telling you that you are not ready for prime time, go back to the demos.
There may be some slight inconsistencies between demo results and live for scalpers but remember that demos are for learning and you can still learn about scalping using demos.
Another use of demos is to show how your systems work without notifying the tax collectors what you are doing with your money. Don't trust the government, they are not on your side. They will bust you faster than they will a broker that has a different result on their demos than on their live feeds. The government is in bed with the banks, you and your broker are on the outside, it is best to realize this and work to keep it that way.
The only reason that brokers have a separate feed for demos is so they won't have to pay for your learning, everything else is pretty much identical. Call your broker and ask them, they can tell you what is true and what is a lot of speculation by those that just need something to say.
Bob
Demos are offered by brokers to help traders to learn about their systems. Can you spend the demo money on anything? Of course not, Demos are for learning, only. I have designed several trading systems since 2007 and I still use demos, to check out new algorithms, to make sure my programs are running properly (check out my coding), and to teach new traders about the systems. Demos are very valuable but it is not live so most of the emotions are missing but that is what you want for training.
Brokers are all regulated by now, (not so when I first started with the forex market) if the demo feeds were different than live feeds and the results were different than live results, the government watch dogs would slam that door shut. I saw them do just that for much lessor grievances. If you learn well on a demo, you will do well on a live account but most new traders are impatient and don't spend enough time learning so they are not prepared for the real thing and that is why they have all those emotions to deal with when live trading.
I have emotions when trading both live and demo, it's called boredom. Once you get to know your system, you don't get nervous or emotional because you have been here before and know just what to do. If you are still getting nervous, your brain is talking to you, it's telling you that you are not ready for prime time, go back to the demos.
There may be some slight inconsistencies between demo results and live for scalpers but remember that demos are for learning and you can still learn about scalping using demos.
Another use of demos is to show how your systems work without notifying the tax collectors what you are doing with your money. Don't trust the government, they are not on your side. They will bust you faster than they will a broker that has a different result on their demos than on their live feeds. The government is in bed with the banks, you and your broker are on the outside, it is best to realize this and work to keep it that way.
The only reason that brokers have a separate feed for demos is so they won't have to pay for your learning, everything else is pretty much identical. Call your broker and ask them, they can tell you what is true and what is a lot of speculation by those that just need something to say.
Bob
where research touches lives.
Membro Desde Jun 28, 2011
465 posts
Jan 25, 2014 at 00:29
No, it's only different in your mind. You want to be a trader? You will have to control your mind, control your thoughts then control the trade. If you have a proven system, one that you checked out using demo trades, then relax and let the system work. If you are trying to trade freestyle, that is you don't have a system, you will pay for that mistake in health issues. If you are worried during live trading, that is your mind telling you it needs more experience.
I can be just as bored watching a live account as a demo one. If your system is good, your only emotion should be boredom, if it isn't, you might want to check out a safer trading system. Some systems are designed for a strong return while others are heavy on the money management aspect. My systems don't make as much as others do but I sleep very well at night.
Bob
I can be just as bored watching a live account as a demo one. If your system is good, your only emotion should be boredom, if it isn't, you might want to check out a safer trading system. Some systems are designed for a strong return while others are heavy on the money management aspect. My systems don't make as much as others do but I sleep very well at night.
Bob
where research touches lives.
forex_trader_113121
Membro Desde Feb 20, 2013
26 posts
Jan 25, 2014 at 13:38
I think the best tool to practice trading currency is the cent account...
Membro Desde Jun 28, 2011
465 posts
Jan 26, 2014 at 01:06
I understand why you would think that Vo but very few brokers offer a micro-mini account as cent accounts have been labeled, which would mean that after learning their system, the new trader would then have to start fresh with a new broker when he has learned enough to go live. Or everyone would be using only a very few brokers.
Every broker offers a demo trading account to learn with. Why is it a bad system, if every broker does it that way? Even brokers like IBFX which offers a micro-mini account also offers demo trading. It is just the best way to learn. But we are only talking about learning, not real trading, that comes later.
After learning your system, then it would make sense to then use a micro-mini account or just trade small, like .01 lots until you finish learning, and there is always more to learn.
But this whole argument is really becoming academic, because currently over 70% of trades are performed by computers. We use demos to test out the programs because for them, there are no emotional concerns. As the EAs or robots become better, in what ever way that means, that percentage will continue to grow and traders will become specialist. There is a lot of change in the air, a trader is the least vulnerable because he learns how to manage risk, that carries over into other aspects of life very well, but change is still coming.
In a couple of years we will be discussing which algorithm, like which app to include in our self designed investment robots.
Bob
Every broker offers a demo trading account to learn with. Why is it a bad system, if every broker does it that way? Even brokers like IBFX which offers a micro-mini account also offers demo trading. It is just the best way to learn. But we are only talking about learning, not real trading, that comes later.
After learning your system, then it would make sense to then use a micro-mini account or just trade small, like .01 lots until you finish learning, and there is always more to learn.
But this whole argument is really becoming academic, because currently over 70% of trades are performed by computers. We use demos to test out the programs because for them, there are no emotional concerns. As the EAs or robots become better, in what ever way that means, that percentage will continue to grow and traders will become specialist. There is a lot of change in the air, a trader is the least vulnerable because he learns how to manage risk, that carries over into other aspects of life very well, but change is still coming.
In a couple of years we will be discussing which algorithm, like which app to include in our self designed investment robots.
Bob
where research touches lives.
forex_trader_113121
Membro Desde Feb 20, 2013
26 posts
Jan 26, 2014 at 22:11
ForexAssistant posted:
I understand why you would think that Vo but very few brokers offer a micro-mini account as cent accounts have been labeled, which would mean that after learning their system, the new trader would then have to start fresh with a new broker when he has learned enough to go live. Or everyone would be using only a very few brokers.
Every broker offers a demo trading account to learn with. Why is it a bad system, if every broker does it that way? Even brokers like IBFX which offers a micro-mini account also offers demo trading. It is just the best way to learn. But we are only talking about learning, not real trading, that comes later.
After learning your system, then it would make sense to then use a micro-mini account or just trade small, like .01 lots until you finish learning, and there is always more to learn.
But this whole argument is really becoming academic, because currently over 70% of trades are performed by computers. We use demos to test out the programs because for them, there are no emotional concerns. As the EAs or robots become better, in what ever way that means, that percentage will continue to grow and traders will become specialist. There is a lot of change in the air, a trader is the least vulnerable because he learns how to manage risk, that carries over into other aspects of life very well, but change is still coming.
In a couple of years we will be discussing which algorithm, like which app to include in our self designed investment robots.
Bob
Thank you, Bob. I agree with you. Demo first => profit at least 3 months in a row => 2nd demo account with another reputable broker => profit at least 3 months in a row => Third demo account with an other broker ( a profitable strategy should be profitable in all brokers ) => profit at least 3 months in a row => cent account with IBFX => profit at least 3 months in a row => 2nd cent account with alpari => profit at least 3 months in a row => 3rd cent account with Exness => profit at least 3 months in a row => mini account => classic account => ecn account. It would be a long and hard way, but it is my trading path.
Jan 26, 2014 at 22:15
ForexAssistant posted:
No, it's only different in your mind. You want to be a trader? You will have to control your mind, control your thoughts then control the trade. If you have a proven system, one that you checked out using demo trades, then relax and let the system work. If you are trying to trade freestyle, that is you don't have a system, you will pay for that mistake in health issues. If you are worried during live trading, that is your mind telling you it needs more experience.
I can be just as bored watching a live account as a demo one. If your system is good, your only emotion should be boredom, if it isn't, you might want to check out a safer trading system. Some systems are designed for a strong return while others are heavy on the money management aspect. My systems don't make as much as others do but I sleep very well at night.
Bob
I agree with you Bob. Thank you.
