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Why demo trading?

This forum is for new and aspiring Forex traders. Trading can be very risky but can also bring great rewards. No one starts with continuous success but many continue with the success. It's a continuous learning, unlearning and learning again. Ask your questions, share your frustrations and also smiles of success. The objective is to have more and more smiles. Hoping to have the pros to frequent this playground to coach the new team here.
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Re: Why demo trading?

Postby John Harry » Sun Apr 23, 2017 4:17 am

There is no basic difference between demo and real trading account except money. In demo account money remains counterfeit. A trader can get all trading instruments in demo account to practice. Demo account is a practice ground. Through using demo account a trader can identify a broker whether the broker is fine or not. After trading with the demo account of Trade12 I have selected this broker for me which is really prosperous with trading facilities.
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Re: Why demo trading?

Postby radex78 » Sun Apr 23, 2017 10:47 pm

Using demo account for beginner especially is useful and good than rush jump to real account, this is like as simulating trading and we can test any system trading and also strategy with free of risk, there are certain trader that willing to spent time practice in demo more than two year because won't to fail in real account
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Re: Why demo trading?

Postby Gozmit » Mon Apr 24, 2017 2:35 pm

Demo Trading is the best way to learn about the Forex Trading as it doesn't includes any loss of money, but the key to learn it successfully is in thinking that we are actually losing in it while we lose.
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Re: Why demo trading?

Postby radex78 » Mon Apr 24, 2017 10:24 pm

Will better if on demo account already having and finding profitable strategy and system, so in real account as trader will able to implemented system and strategy that already tested on demo account, if during practice in demo still always fail hence it's mean not ready on real account
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Re: Why demo trading?

Postby Apple Honeypie » Tue Apr 25, 2017 6:09 am

True, a demo account can improve your knowledge and skills with your trading style so that we can make a good start with a market. But always be serious while you are working in Forex demo account.
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Re: Why demo trading?

Postby Greg Siemasz » Thu Apr 27, 2017 6:44 am

Every good broker allows access to a demo account. Whilst it is a sales technique for them, it is an opportunity for you do start developing the very thing that will generate success in the markets. Demo trading is the only way to become familiar with the different features of various platforms. I can suggest trade-24.com for demo trading because they made their demo accounts user friendly for their newbies.
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Re: Why demo trading?

Postby Gozmit » Thu Apr 27, 2017 4:09 pm

Apple Honeypie wrote:True, a demo account can improve your knowledge and skills with your trading style so that we can make a good start with a market. But always be serious while you are working in Forex demo account.


Demo Trading would be the best way to obtain knowledge, about the Forex Trading, but it will only work if you do it with utmost seriousness.
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Re: Why demo trading?

Postby Charles » Thu Apr 27, 2017 5:37 pm

I don't recommend to stay on a demo for long. It's like an auto-stimulator. You can spend a lot of time on it, but you still won't be able to drive better, and you won't get very far with it (won't get anywhere at all). Same thing with forex demo account. Besides, after entering the real market, you'll feel emotionally and psychologically pressured, because you'd gotten accustomed to trading on a demo, not with money.
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Re: Why demo trading?

Postby radex78 » Thu Apr 27, 2017 10:41 pm

Gozmit wrote:Demo Trading would be the best way to obtain knowledge, about the Forex Trading, but it will only work if you do it with utmost seriousness.

Demo account will useful if we can learning properly and seriously, but if we only learn for fun on demo account and not really learn how to analyze the trend market behaviour, and also not implemented system trading with discipline hence we maybe facing with loss also on real account
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Re: Why demo trading?

Postby uasha » Sat Apr 29, 2017 9:29 am

If I start trading with a new broker, I start trading on a new demo account, not for a very long time, only in order to see how the platform works, then I refill the cent account right away, but leave the demo for testing various strategies and improving trading skills, if you use them on a real depo, they can lead to additional financial losses.
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