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Is demo a step before real trading?

  • #581
  • May 28, 2020 2:20am May 28, 2020 2:20am
Quoting mlawson71
{quote} Hopefully with time the situation with improve but currently a lot of caution is required when trading, even more so than usual.
You are right. We need to be very careful.
  • #582
  • May 29, 2020 8:30am May 29, 2020 8:30am
Quoting tim12
{quote} You are right. We need to be very careful.
I just hope the situation improves in the coming months, instead of becoming worse.
  • #583
  • Jun 3, 2020 6:03am Jun 3, 2020 6:03am
Quoting Gomez.ser
I'm new into trading and I've been using a demo account for a while now, is there anything else that i can learn from the demo tool ? Since i've learned on how the forex market works and how to trade with the time frames is there anything else i can use the demo tool for ?
You can test your strategies on demo before you go for live account trading.
  • #584
  • Jun 4, 2020 7:51am Jun 4, 2020 7:51am
That is the preferable course of action, rather than implementing them right away on a live account.
  • #585
  • Jun 4, 2020 8:43am Jun 4, 2020 8:43am
Quoting Scotchbrown
{quote} You can test your strategies on demo before you go for live account trading.
using all trading strategies in demo account is old strategies ,
right now trades use micro account to see any kinds of trading approach including high leverage .
  • #586
  • Jun 6, 2020 4:56am Jun 6, 2020 4:56am
Never ever trade before having sunk at least a few demo accounts before! You will learn the weak points of your strategy, as well as its aspects to improve.
  • #587
  • Jun 6, 2020 8:07am Jun 6, 2020 8:07am
Quoting landorra
Never ever trade before having sunk at least a few demo accounts before! You will learn the weak points of your strategy, as well as its aspects to improve.
I'd say don't trade before you've managed to expand one on a regular basis either.
  • #588
  • Jun 9, 2020 10:47am Jun 9, 2020 10:47am
Quoting Gomez.ser
I'm new into trading and I've been using a demo account for a while now, is there anything else that i can learn from the demo tool ? Since i've learned on how the forex market works and how to trade with the time frames is there anything else i can use the demo tool for ?
Consider your demo as a real account and then try out your strategy. Don’t take any risk that you won’t take on a real account. This way you will build up the same mindset that you will have while trading on a real account.
  • #589
  • Jun 16, 2020 7:55am Jun 16, 2020 7:55am
Although it is not a compulsion to go for a demo before real trading, it is something that will prove to be very helpful. Starting trading with a demo account will help you understand the trading platform and allow you to practice effectively. It is a preferable course of action through which you can train yourself in trading and when you feel confident about your trading skills, step onto real trading.
  • #590
  • Jun 16, 2020 8:51am Jun 16, 2020 8:51am
No one can compel anyone to do anything when trading, but there are some approaches that are considered common sense - demo trading is one of them.
  • #591
  • Jun 16, 2020 7:03pm Jun 16, 2020 7:03pm
Yes, demo trading is necessary before start real trading, if you want to successful and get some experience before start real trading then you should trade with demo account for at least one to three months.
  • #592
  • Jun 17, 2020 6:09am Jun 17, 2020 6:09am
Quoting mlawson71
No one can compel anyone to do anything when trading, but there are some approaches that are considered common sense - demo trading is one of them.
True words. Demo trading is "common sense" - that's a very good and convincing way of putting it.
  • #593
  • Jun 17, 2020 10:46am Jun 17, 2020 10:46am
Thank you. I just hope that people follow their common sense.
  • #594
  • Jun 19, 2020 6:46am Jun 19, 2020 6:46am
Absolutely! Demo trading is very beneficial before real trading. You will get an experience of real trading with demo trading. Why risk your real money when you’ve an option of practicing on a demo account? Gain some practical experience and learn trading before going live. Demo trading will also make you clear whether you like the conditions of the broker or not. If the conditions don't suit you, you can switch your broker for going live.
  • #595
  • Jun 19, 2020 7:15am Jun 19, 2020 7:15am
its all fine lines , no word cant deny , demo is a better place to make sure all technical terms and conditions , even though there is no real money but the importance of demo is unbelievable above all for the traders who are newcomers.
  • #596
  • Jun 19, 2020 8:00am Jun 19, 2020 8:00am
Unfortunately a lot of people without much experience do not much believe in the importance of learning on a demo account, and then they learn a very unpleasant lesson about it.
  • #597
  • Jun 19, 2020 12:54pm Jun 19, 2020 12:54pm
got your message , even though almost so many explained same issue about that , by the way thanks for your nice reply.
  • #598
  • Jun 19, 2020 2:25pm Jun 19, 2020 2:25pm
Quoting Willowerno
Absolutely! Demo trading is very beneficial before real trading. You will get an experience of real trading with demo trading. Why risk your real money when you’ve an option of practicing on a demo account? Gain some practical experience and learn trading before going live. Demo trading will also make you clear whether you like the conditions of the broker or not. If the conditions don't suit you, you can switch your broker for going live.
when anyone willing to acquire practical experience i think there is no option without demo account , its the foremost source for that , i agree with you.
  • #599
  • Jun 20, 2020 12:53am Jun 20, 2020 12:53am
I feel demo is the first step for every beginner, because the demo account shows you on how the live trading works.

And with the help of demo account, i'm able to build new strategies in it and try them live.
  • #600
  • Jun 20, 2020 1:47am Jun 20, 2020 1:47am
I agree with Tobias19, Demo is a useful tool for a beginner, it helped me not only to build strategies but also learning on how to use the leverage system wise.
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