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Joined Apr 2018
|323 Posts
right now i am trading with demo account where i using high leverage to see the performance how it works , this approach always helps me to avoid unfortunate risk and losses.
right now i am trading with demo account where i using high leverage to see the performance how it works , this approach always helps me to avoid unfortunate risk and losses.
right now i am trading with demo account where i using high leverage to see the performance how it works , this approach always helps me to avoid unfortunate risk and losses.
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Yeah. My question also same. Why high leverage and how it helps you to avoid unfortunate risk and losses?
Demo account is very helpful for traders so before going live, they must practice enough on demo.
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Yes demo is important. We can't test a strategy on live account to know how the strategy works unless have enough money to loss. It's the demo where we should test any strategy first. If it gives good results in demo we can try on live.
Demo is sure to make huge difference while trading. because, the mentality is not there and the other thing about the market is often not the same on live
Profiting in demo doesn't mean you will profit in live account.
really depends on how long you've practiced in the demo and the mindset when trading in demo is always difference from in live account.
however, if you never go live, all the practice will be in vain.
good luck man!
Is it necessary for every new trader to start with demo account?
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It isn’t but if one can practice without risking their money, why wouldn’t anyone want to do it? Demo and live trading can have many differences but it’s still worth it. At least you can learn how the platform works.
It’s hard to believe that there are some traders who don’t demo trade before going live. Not sure if it’s their confidence or foolishness to do something like that.
I'm a newbie learning to trade in forex. Looking for advice on how long should I trade using a demo account and which gives a better experience to learn about forex trading.
Is it Live trading with lower capital or Demo trading with no risk or capital?
I'm a newbie learning to trade in forex. Looking for advice on how long should I trade using a demo account and which gives a better experience to learn about forex trading. Is it Live trading with lower capital or Demo trading with no risk or capital?
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Try demo first. Once you understand the basics, you can start with small amounts in real trading.
sounds well but there is a huge difference between demo and live trading result , for that reason most of the traders especially the beginners level don't believe the importance of demo account at all.
I always think that new traders should start off only from demo account, because demo literally meets new traders with the market and the trading activity as itself. There are plenty of opinions how much one should sty on demo, I think that new traders shouldn't stay on demo for more than coupleof weeks, however, of course, if you will practice daily, you will stay on demo no more than couple of weeks. If you will try practicing once ina week then you will need much more time for it. Anyway, of course, demo account is useful however real account gives you another impression, which differ from something that demo gives you.
you have replied with good information , got some of fine lines. usually i use demo account to see the performance how high leverage works , this approach is very much supportive to avoid unfortunate risk and losses. in a real account.
