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Demo Forex VS Real Forex

  • #61
  • Mar 14, 2018 11:44am Mar 14, 2018 11:44am
Quoting londonboy
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.
I liked your last line! Yes, I have almost tested 12 trading strategies in my demo (my 1st year of trading)! And now I am using only one trading system in my live, I get overall 62-65% accuracy here.
  • #62
  • Mar 18, 2018 9:29pm Mar 18, 2018 9:29pm
The main difference is, you can refresh your demo, where on a real account your money is gone when you lose.
  • #63
  • Mar 19, 2018 2:15am Mar 19, 2018 2:15am
Attached Image


Need i ii say more?
  • #64
  • Mar 19, 2018 11:24am Mar 19, 2018 11:24am
There are major differences between demo and live accounts. In a live account the execution speeds and the spreads vary, there's often requoting, etc. That can significantly impact your strategy. Not to mention the purely psychological difference for the trader once they begin using real money, the pressure to perform well increases immensely and that causes mistakes and doubts.
  • #65
  • Mar 23, 2018 2:08pm Mar 23, 2018 2:08pm
Sometimes I feel there is no difference between demo and live. It’s a different just a psychology , nothing without it .
  • #66
  • Mar 24, 2018 10:04am Mar 24, 2018 10:04am
Quoting MitchellMcC
Sometimes I feel there is no difference between demo and live. It’s a different just a psychology , nothing without it .
There are some pretty real, tangible differences that have nothing to do with psychology, depending on the broker. Requoting and execution speeds immediately come to min.
  • #67
  • Mar 26, 2018 4:34pm Mar 26, 2018 4:34pm
Demo account trading is the first and most important opening door for the forex traders in order to start their trading career. It helps to practice the knowledge about the technical Forex market in a professional manner. I would prefer all the new traders to work on it and take most of the experience out from demo trading.
  • #68
  • Mar 27, 2018 4:19pm Mar 27, 2018 4:19pm
I have yet to figure out forex consistently. I lose frequently paper trading. Are all the threads around here so old? Seems like a conversation from a 10yearscago would be archived. Anyways I feel the demo is a very good training method. I tried real live trades and I do almost the exact same as far as results go. I have not blown my account mostly because I go back to paper trading after a certain loss. I feel that the forex herd will provide I just have to learn to hint and take down the buffalo. Though I'm not sure if it all is real. Many people use terms like play. It seems like a gamble though some people post a consistent success. What is the real from the fake? How does one get to profits?
NOTHING CAN BEAT THE LAW OF SUPPLY AND DEMAND.
  • #69
  • Mar 28, 2018 8:51am Mar 28, 2018 8:51am
Hi

just relyi on here as can't start my own thread as I'm a new member.

Thinking the same thing as this guy.

on the demo i place 5000GBP and can make 30 GBP within a few hours just by monitoring the small peaks and troughs and waiting for it to go up slightly and selling quick rather than waiting for a huge rise.

The ones that are running as a loss I just wait for them to become marginally profitable which almost always seems to happen at some point within a day and I make a small profit. If I do this for say 10 curency pairs in a day I make 300GBP.

So if i set up a real account and use the 1000 leverage ratio I can get 5k for just 5GBP does this mean I could easily do this with 100GBP initial investment Making 300GBP a day?

I get that I must be missing something as it can't be that easy in real life to make the money surely? Is it easier on the demo? What I have got wrong ?

Cheers
  • #70
  • Mar 29, 2018 3:25am Mar 29, 2018 3:25am
In Demo there is no slippage, and the execution is always immediate, also the quoting may vary between the two environments. But personally for me the emotions make the biggest difference, you just have very different mind-set when trading real money.
  • #71
  • Mar 30, 2018 6:42am Mar 30, 2018 6:42am
Quoting mlawson71
{quote} There are some pretty real, tangible differences that have nothing to do with psychology, depending on the broker. Requoting and execution speeds immediately come to min.
What you think by using only demo trading there is any possibility to ensure the brokers performance?
  • #72
  • Mar 30, 2018 9:52am Mar 30, 2018 9:52am
Quoting MitchellMcC
{quote} What you think by using only demo trading there is any possibility to ensure the brokers performance?
It really depends on the broker. Sometimes demo and live accounts are almost identical, other times there are major differences. The only way to find that out is to invest a small sum - as small as possible - on a live account and observe its performance for a while and then compare it to the demo account. Obviously, only do that with regulated, reputable brokers.
  • #73
  • May 3, 2018 10:29pm May 3, 2018 10:29pm
Quoting UlliC
In Demo there is no slippage, and the execution is always immediate, also the quoting may vary between the two environments. But personally for me the emotions make the biggest difference, you just have very different mind-set when trading real money.
Really good thinking, I also admit the first and foremost different between demo and live is the emotions. We can’t concentrate in demo even though we try to be serious in here; it’s all about actually a psychology
  • #74
  • May 9, 2018 1:45pm May 9, 2018 1:45pm
Demo can be useful if we trade here seriously , but we don't basically believe the importance of this trading place .
  • #75
  • May 14, 2018 8:32am May 14, 2018 8:32am
@nikko, if your broker provides the same conditions on demo and live- you could try the same strategy. There is not a reason to worry, but you should be sure that the conditions are the same (spreads, commissions, swaps and etc).
  • #76
  • May 14, 2018 8:39am May 14, 2018 8:39am
Quoting DwainUK
@nikko, if your broker provides the same conditions on demo and live- you could try the same strategy. There is not a reason to worry, but you should be sure that the conditions are the same (spreads, commissions, swaps and etc).
100% no broker will/can provide same conditions on a demo vs live. It will always be different.
Spreads/Slippage/Execution
  • #77
  • May 15, 2018 3:00am May 15, 2018 3:00am
Actually it is possible to find such broker. Yes, it is very hard to find, but not impossible. To be possible, the trader has to test the broker on demo (few weeks (for example)), then test it on live, and make some calculations. If the calculated results shows the same conditions, he can keep trading with a bigger capital.
  • #78
  • May 15, 2018 3:17am May 15, 2018 3:17am
Quoting DwainUK
Actually it is possible to find such broker. Yes, it is very hard to find, but not impossible. To be possible, the trader has to test the broker on demo (few weeks (for example)), then test it on live, and make some calculations. If the calculated results shows the same conditions, he can keep trading with a bigger capital.

You are talking nonsense. name one broker where this happens?
( I will give you 125 that aren't)


Demo trading and live trading are different. FACT.
Some brokers will tell you they are the same, but they are not.
  • #79
  • May 15, 2018 4:08am May 15, 2018 4:08am
Quoting londonboy
{quote} You are talking nonsense. name one broker where this happens? ( I will give you 125 that aren't) Demo trading and live trading are different. FACT. Some brokers will tell you they are the same, but they are not.
Actually, Dwain is correct.
There, in FACT, are brokers (mostly the ones that profit from commisions - DMA/STP ones) that will provide you with a demo account with the same trading conditions as they are in their live account. The only difference is that there is no slippage with the demo.
  • #80
  • May 15, 2018 4:42am May 15, 2018 4:42am
Quoting bradley79
{quote} Actually, Dwain is correct. There, in FACT, are brokers (mostly the ones that profit from commisions - DMA/STP ones) that will provide you with a demo account with the same trading conditions as they are in their live account. The only difference is that there is no slippage with the demo.
"the only"...
depend what you are doing, that is a huge difference by itself!
there is always, always another trade!!
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