When I read the first post in this thread, I was like "wow, he picked top-level leverage and big lot" until I come to the word "demo", aaarghh.
I agree with last talks, no demo if you're just playing.
Demo exists just to guide you to trade real (without worrying about loss). Otherwise there is no purpose for demo, at allll.
Demo is great for testing out your strategy and gets you somewhat acquainted with the market
Ignored
I understand p.ecs, but there is some disadvantages of using it. Like other thread I read and agree with it, that it can create bad habits such as laziness, etc. Moreover, demo account generally provides better execution than live account, the problem is that when you see something less, you start blaming the broker for poor execution, now it creates anger.
You can use it for the short time, to know the basic of using it. But for your practice of trading profitable, I suggest that it should be live account since we all agree that pain is our best teacher and make us wiser.
{quote} You can use it for the short time, to know the basic of using it. But for your practice of trading profitable, I suggest that it should be live account since we all agree that pain is our best teacher and make us wiser.
Ignored
Totally agree with it, but you can't make it less importance, the issues you display is from people's menatlity, not demo problem at all.
I'm thinking to start trading and I was wondering if going demo first is beneficial in preparation for the real deal. I believe the pros overweigh the minuses so I'm definitely gonna go demo!
For whatever its worth, you should really try to smooth out your equity curve. Based on your large wins and losses, I would assume that you are risking too much on your trades.
With regards to your question, I think you are asking about execution speed, and yes, provided you have a good broker, on the live account, you would be able to make those gains (and losses) just as quickly as you did on the demo account.
This is a really helpful thread! I'm thinking to start trading and I was wondering if going demo first is beneficial in preparation for the real deal. I believe the pros overweigh the minuses so I'm definitely gonna go demo!
Ignored
Every thread is useful I believe. And sure, demo is very useful for beginner, but don't treat it like it will happen in live account and become mess. Just keep practicing until you make strategy. If it ain't work, time to change strategy.
If you really feel that you got very good broker after reviews and suggestions, either in this forum or other sites, then my best suggestion is to open micro account now. Slow by slow. Low by low and then grow by grow. If you are scared or not ready for live, then have 6-months practice in Demo along with learning about Forex, fundamental analysis, or any other resources related to Forex.
{quote} Which is why one should trade using the same leverage on demo as on a live account.
Ignored
exactly! that is the entire purpose of demo trading. To trade under the exact same conditions as in the real trading world. That is how your learn forex trading. Just because your real money is not at stake doesn't mean you'll have no regard for it.
|
Additional Username
|
Joined Apr 2018
|459 Posts
demo is the place we actually we come to acquire real trading attitude. but ultimately we trade here at at random and got nothing , there is no real money in here. so we lost interest after passing sometimes.
|
Additional Username
|
Joined Dec 2015
|3,529 Posts
I think an actual attitude is acquired when trading on an actual live account because the pressure and the tension one has to deal with are real there. But one can learn a lot from a demo account.
|
Additional Username
|
Joined Apr 2018
|393 Posts
yes i agree , no one can learn something better from demo , but this is the master place to become a knowledgeable trader especially for the traders who are beginners.
Demo trading is the stepping stone to the world of forex trading. It is most helpful in understanding how forex markets and price action work without worrying about losing your money. But that obviously doesn't mean that traders , especially new ones, should fool around with it. It should be traded with a "live trading" psychology for maximum positive results. Each detail should be studied meticulously.
Demo trading is the stepping stone to the world of forex trading. It is most helpful in understanding how forex markets and price action work without worrying about losing your money. But that obviously doesn't mean that traders , especially new ones, should fool around with it. It should be traded with a "live trading" psychology for maximum positive results. Each detail should be studied meticulously.
Ignored
I think there is nothing wrong with the occasional experimentation on a demo account, but if you're testing a strategy or a trading plan, etc, you should absolutely trade as you would on a live account.
