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Demo Forex VS Real Forex

  • #141
  • Aug 21, 2018 7:24pm Aug 21, 2018 7:24pm
A demo account is great to get to know the features of the platform .

If you are testing a strategy on a demo compared to a live account don't expect to get the same result.

No latency or slippage on demo as opposed to live .

If you want to test your trading model do it in a live environment
  • #142
  • Aug 22, 2018 1:44am Aug 22, 2018 1:44am
There is no emotions on demo account. You are not risking anything so your decisions are not the same as on live account. Its much better to trade microlots on live account then demo account. You will learn so much more.
  • #143
  • Aug 22, 2018 5:48am Aug 22, 2018 5:48am
When we compare demo and live accounts together you'll see that in live account you are trading with real money. So obviously the way you react will be completely different. Fear and anxiety will be more in live account. That is why it is all the more important to learn to remain calm and composed while trading in live accounts. Difficult but important. So demo trading should be done more sincerely if you expect to do well in live trading.
  • #144
  • Aug 23, 2018 4:18am Aug 23, 2018 4:18am
Quoting mlawson71
{quote} 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.
Most definitely yes. There should be a structure thought process behind that experimentation, just haphazardly placing trades and executing strategies is not very good
  • #145
  • Aug 23, 2018 6:01am Aug 23, 2018 6:01am
Quoting 11fx11
There is no emotions on demo account. You are not risking anything so your decisions are not the same as on live account. Its much better to trade microlots on live account then demo account. You will learn so much more.
Yes we can trade here without emotions, because there is no real money in here, but if we can focus with great patience, there is a chance to become knowledge trader from here. So, choice is yours.
  • #146
  • Aug 23, 2018 7:19am Aug 23, 2018 7:19am
Quoting AdamCrist
{quote} Yes we can trade here without emotions, because there is no real money in here, but if we can focus with great patience, there is a chance to become knowledge trader from here. So, choice is yours.
Adam I know a lot of people who were making consistent profits on demo accounts but as soon as they started trading same way on live account it wanst working anymore. Because demo and live accounts are 2 different worlds. Trade only 0.01 lot on live account and you have a chance to get somewhere. Trade on demo too long and only get bad habits.
  • #147
  • Aug 23, 2018 7:46am Aug 23, 2018 7:46am
sometimes i prefer live account with small balance for beginners level , because in demo they lost interest after passing sometimes.
  • #148
  • Aug 23, 2018 9:40am Aug 23, 2018 9:40am
Quoting deltaROYAL
{quote} Most definitely yes. There should be a structure thought process behind that experimentation, just haphazardly placing trades and executing strategies is not very good
Sometimes I have had moments when wondered what would happened if I opened a trade in a certain way after a certain signal. I was driven by sheer curiosity and I don't regret it. But it's not something that should be done regularly and in place of proper strategy testing.
  • #149
  • Aug 24, 2018 7:02am Aug 24, 2018 7:02am
any trading place demo or live can be valueless if we trader here with no analysis. generally we do it when trading in a demo.
  • #150
  • Edited Aug 31, 2018 2:30am Aug 30, 2018 6:43am | Edited Aug 31, 2018 2:30am
Trading on demo account and real account is same but our psychology makes them different.
  • #151
  • Aug 30, 2018 6:50am Aug 30, 2018 6:50am
Quoting dylanrtd
Trading on demo account and real account is same our psychology makes them different.
Well said; yes the environment is the same but our trading psychology is different.
  • #152
  • Aug 30, 2018 9:09pm Aug 30, 2018 9:09pm
The type of approach on a real account should emulate that of a demo account as close as possible.
  • #153
  • Aug 31, 2018 2:33am Aug 31, 2018 2:33am
Quoting Butterscotch
The type of approach on a real account should emulate that of a demo account as close as possible.
Right! trading approach on both account should be same but most of the traders ignore this and that's why later results of both accounts differ.
  • #154
  • Aug 31, 2018 4:52pm Aug 31, 2018 4:52pm
i'm new in this post..so thats why i'm answering the main question first.

i believe that demo trading sucks...because real trading experience is so much more different than demo trading. because in my trading life life, i've learned only one thing and that is...if you dont lose money, you will never learn a thing.
universe7fx
  • #155
  • Sep 2, 2018 4:29am Sep 2, 2018 4:29am
its a nice answer , but sometimes we have to trade in demo to see our strategies performance, thats why no way to ignore the importance of demo completely.
  • #156
  • Sep 3, 2018 2:11am Sep 3, 2018 2:11am
Quoting fx_trader03
i'm new in this post..so thats why i'm answering the main question first. i believe that demo trading sucks...because real trading experience is so much more different than demo trading. because in my trading life life, i've learned only one thing and that is...if you dont lose money, you will never learn a thing.
You are absolutely right and also there is a famous saying that if you don't ever lose money than you are not a trader. but it is my personal opinion that we can not ignore the importance of demo account.
  • #157
  • Sep 4, 2018 4:25am Sep 4, 2018 4:25am
Quoting fx_trader03
i'm new in this post..so thats why i'm answering the main question first. i believe that demo trading sucks...because real trading experience is so much more different than demo trading. because in my trading life life, i've learned only one thing and that is...if you dont lose money, you will never learn a thing.
Demo trading is like a warm-up before live trading. Of course you start learning more and better only after you step into the world of live and actual trading, especially when you lose money. I think that sort of wakes you up and you start being more careful, observant and analytical in your approach. But if demo trading phase is utilized properly then it can ease out things a bit when you start trading on live accounts
  • #158
  • Sep 7, 2018 10:07am Sep 7, 2018 10:07am
Quoting goldsniper
{quote} Demo trading is like a warm-up before live trading. Of course you start learning more and better only after you step into the world of live and actual trading, especially when you lose money. I think that sort of wakes you up and you start being more careful, observant and analytical in your approach. But if demo trading phase is utilized properly then it can ease out things a bit when you start trading on live accounts
I agree. A person can learn a lot by trading on a demo account, if they trade exactly the same way they would on a live account. For some people that is a very big if, unfortunately.
  • #159
  • Sep 9, 2018 3:57pm Sep 9, 2018 3:57pm
I think using a demo account can dull the affects of Greed and Fear. The demo account can eliminate emotion. Therefore, emotion may need to be created because there are a lot of emotions in live trading! One such emotion could be the hatred or being wrong, and/or the satisfaction of being right. These emotions help me when I am using a demo account to keep things "real".
  • #160
  • Sep 9, 2018 7:32pm Sep 9, 2018 7:32pm
As previously mentioned, a demo helps to get to know the platform under less stressful conditions. One thing I used to do if I was going to be on a demo for any length of time was to make the balance as real as possible. Since a lot of brokers give you $100K of fake money, I recommend making large lot stupid, losing trades until your balance becomes what you would have in your live account, be it $100, $500 or $5000. That way you don't have that huge safety net for margin calls. That in itself will bring emotion to the table for you.

And be mindful of having both a demo account and a live account at the same time. You don't want to have the live account on your computer and the demo open on your phone! I did that once when I first started trading live....
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