Demo Forex VS Real Forex

Please don’t trade at random in demo account , always try to trade by the experience that you have learning from Pips school or other sources. This could get you a great result obviously if you can continue it for 4-6 month with great patience.

I agree. Trading at random, without a clear plan, is mostly a waste of time, even on a demo account. The point of the demo account is to learn, and the best way for that to happen is trade in an organized way.

The main problem here is that people are not ready to spend half a year of life on the trade, in the profitability of which they are not sure. At least most of the traders.

it is. Actually half year is too much long to carry this trading place with great patience for the newcomers. We the beginners can trade minimum for 3 months and obviously the better result will come with certainly.

When I opened my trades in demo then I used big lots size without any tension, but the reality was different when I opened my 1st live account! Even, I lost my 1st live account within one week because of emotions and fear!

I think that it is also important to point out that the results of demo trading over the period of one week or so mean very little. If you want proper statistics you should trade for months and then observe the results.

just start trading
hope i can get some strong luck too

I don't think that a trader can or should rely on luck. If they do they'd end up losing money, in my opinion.

agree...
gonna start a journal on this forum soon
when the moderator allow me to post threads
will see how my strategy goes

Demo trading and real Forex trading actually are not equal at all. Any traders can be successful in demo account, but only 5% traders are profitable from this trading place. But demo account can make you a knowledgeable trader if you practice here in a long time with great patience.

casinos are way better if you rely only on luck.

luck + good mm/rm + good strategy is what you need.


about demo... IMO it's amazing to test a strategies that you can't backtest (due to mt4 limitation, for example use multiple tf's, trading multiple pairs...), OR to gain confidence with the platform and leverage as a complete noob (I wish I did that before going live!).. nothing else.

Really different and good sounds. There is no successful trader in Fx who achieved his success by depending on luck. We have to observe some inevitable part of trading as like MM , RM , Powerful trading strategies , exceptional experience and much more that are very supportive to lead a successful trading life with certainly. otherwise success 'll not come at all.

if you profitable in demo trading easily , but in live trading for making profit with consistency you have to ensure good trading knowledge , RM, MM , good strategy, exceptional psychology and much more. There are so far different between demos and live. It’s all about psychology

Honestly speaking , I was few times in demo trading almost 3 weeks but not gathered so many experience that I have acquired from my micro account even though I have lost $200. I prefer micro account instead of demo account .

JamesFaulkn, you are right!

But it's better to try first week/months/year (individualy) on demo accaunt, after that It's great idea to try cent accaunts)

"Demo" for me it's to testing my Technical Analyst , "Real" - which I've recklessly trading blown few account and before I upgrading my TA.
I give you an example in 1 week demo account which I get Lucky http://www.myfxbook.com/members/fxja...une-10/2144677 ,I change my TA each day and I can't remember which TA.
This demo for 1 month http://www.myfxbook.com/members/fxja...juli17/2204760 , I use only one TA which is not complicated and I will keep it that way.
My advice if you still changing your TA and you are not confident whit it then you will never survive. "Real" IMHO 1st. I confident whit TA, 2nd. be ready for Psychology warfare.

I too recommend training oneself on a cent account once one does move onto a live account. That way you both learn to deal with real money trading and you don't risk too much at the same time.

Besides the obvious of real money and fake money, i constantly here how people saying how different it is. Is the only difference they are talk about is real money vs fake money? Or is the actual trading software mechanics different? Been demoing for a little now and getting prepaird to cross to the other side.

A REAL account is always going to be a more "accurate" way of trading, purely from the psychological perspective. Losing real money is harder to deal with than demo money. With a demo account you tend to make more risks as mentally you know its not your hard earned cash.
I would always recommend using a real account with say $200 in. BUT to test lots of strategies a DEMO account will help.

Are you going to trade with the same risk on a live account?
Everyone says that demo is a waste, this and that.
Well, I say you can only fight the way you train. So if you are a crazy fellow in the demo you are going to be a scared crazy fellow in the live account (money gets your heart beating alot faster than normal).
Don't trade like a madman in the DEMO, use a system, try it, get the gig of it, then go to live with small lot and keep it up.
You said that you got like from 50k to 1,8mil in 1 week, I say that you wont be living for much in the live account. High lots do not fill like that...and your risk is like ridiculous. Aim to be consistent, go for 1 - 3% every trade or even every month...

Don't get crazy, forex market is SIMPLE, BUT IT IS NOT EASY, IT IS HARD, otherwise why only 5% or less wins?