It doesn't matter how long you have been practicing on Demo. U a gonna lose your money anyway. Trading real is another universe
Start with a small amount and be ready to lose everything.
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Joined Dec 2015
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Trading at least a little bit on a demo account is inevitable, I think, but it is important to keep the size of the demo account close to what your live account would be.
Trading at least a little bit on a demo account is inevitable, I think, but it is important to keep the size of the demo account close to what your live account would be.
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That’s my point too; if you have a plan on 500$ for live trading then use the same figure for practice.
Trading at least a little bit on a demo account is inevitable, I think, but it is important to keep the size of the demo account close to what your live account would be.
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a little bit is not enough especially for new Fx traders , according to me, its more appropriate minimum for 6 months with great patience, otherwise live trading can be trouble. most trader doesn't believe the importance of this trading place, they take its as a just time passing and trade at random.
{quote} a little bit is not enough especially for new Fx traders , according to me, its more appropriate minimum for 6 months with great patience, otherwise live trading can be trouble. most trader doesn't believe the importance of this trading place, they take its as a just time passing and trade at random.
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Oh, I agree. Some people just think it's better to start on a cent account right away. Personally, I think that even though the sum invested in such an account is tiny, it seems pointless to me.
It doesn't matter how long you have been practicing on Demo. U a gonna lose your money anyway. Trading real is another universe Start with a small amount and be ready to lose everything.
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We need to spend our time with full of concentrations & determinations! There is no way on counting only the session’s hours!
It doesn't matter how long you have been practicing on Demo. U a gonna lose your money anyway. Trading real is another universe Start with a small amount and be ready to lose everything.
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Even, starting with a small amount is important on demo practice! If we can use our practice account with full determinations, then nothing is impossible!
Hi I'm new to this forum and started trading for over 6 months now. I have used both demo and live. From my experience i would say Demo is just like a Class test and Live is like your University Test. Demo just gives you an idea on how a trading works, live in a class test how an university test take place. Demo has no real emotions and live has emotions.
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Yes i agree with you on the emotions. But demo is as important as the Live.
Cause the Demo shows how a live trade is and how the candles go, it gives you idea and strategies to come up with.
{quote} Yes i agree with you on the emotions. But demo is as important as the Live. Cause the Demo shows how a live trade is and how the candles go, it gives you idea and strategies to come up with.
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For swing or any kind of medium term infrequent trading real and demo account are basically the same. If your strategy works on demo it will show roughly same performance on live. But for scalping, HFT and news trading strategies the situation is very different. Spreads start to constitute a good part of your profit and you can't simply ignore their effect.
If you're patient, you can demo for months. But it is important that you have the patience when you trade profitable and no money. That is the emotion that is heavily influenced.
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Joined Dec 2015
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One can become complacent if they trade on a demo for too long though. I think one absolutely should take their time, but the cautious move to a live account has to be made at some point.
It doesn't matter how long you have been practicing on Demo. U a gonna lose your money anyway. Trading real is another universe Start with a small amount and be ready to lose everything.
