A challenge to those who say Demos suck. | Page 2 | Forex Factory

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A challenge to those who say Demos suck.

  • #21
  • Jan 26, 2007 3:18am Jan 26, 2007 3:18am
Quoting Warmagus

I'm guessing Joe Montana would never have made it there unless he threw a shit ton of practice thows, though.
Your analogy is extremely weak and poorly thought out.


The fact is that Montana, and every other professional athlete, did play in games. The practice was a supplement to the games which they were engaged in since childhood. In essence, they've been "live" all their lives. The practice you speak of is aimed at developing skills, such as reading defenses or devoloping timing on passing routes. It is NOT a substitute for the actual games.


The practice in trading is not on a demo, but in analysis and development, both of trading systems and personally. Trading on a demo is NOT the same as trading live. Anyone who's done both knows this. Demos serve a very limited purpose and as long as one understands this, and does not delude themselves, then they're fine.
  • #22
  • Jan 26, 2007 4:28am Jan 26, 2007 4:28am
Demo Will never make my living. And that`s what they are talkin about.
  • #23
  • Jan 26, 2007 6:08am Jan 26, 2007 6:08am
ok. my expirence....
Demo very good to practise differents strategies like...scalping, breakout str.,Positions carry,...etc.

I have demo it with 1 bilion account, uuuu i made 12 k per day,....when i stopped doing demo, and a little during...i FELT so sick,...i almost throu out entire lunch,...2 days very bad feeling in my stomack,...why?...i just imagine what about if that was real money,....so the main problem is how can we imagine when trading on real account like its a demo and vice versa....
its just money
  • #24
  • Jan 26, 2007 6:49am Jan 26, 2007 6:49am
Demo account taught me to trade like a Pro, very high win to lose ratio, when I lose it's small change, when I win it's 100+pips.



Sadly add in the fear of real money and I barely break even, most strange as I class myself in all over ways of life as a cold and emotionless kinda guy

But I guess it's also that challenge that keeps on bringing me back for more
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #25
  • Jan 26, 2007 9:33am Jan 26, 2007 9:33am
Quoting Dopey
Trading on a demo is NOT the same as trading live. Anyone who's done both knows this. Demos serve a very limited purpose and as long as one understands this, and does not delude themselves, then they're fine.
Every newbie should read this and repeat to themselves everyday until they open a live account. Then they wont be so surprised with the difference between demo and live.
  • #26
  • Jan 26, 2007 9:58am Jan 26, 2007 9:58am
I think everybody covered everything I wanted to say so I'll make it short. In my opinion demo trading is part of the preparation for live trading. It's wrong to say it means nothing, it's also wront to say it's everything.

You setup your trading plan, you trade it on a demo account for a while, then you start trading live with very low risk, and then you start trading live with higher risk. In this process if you fail at each step you go one or more steps back.
  • #27
  • Jan 26, 2007 11:06am Jan 26, 2007 11:06am
Quoting aparsai
I think everybody covered everything I wanted to say so I'll make it short. In my opinion demo trading is part of the preparation for live trading. It's wrong to say it means nothing, it's also wront to say it's everything.

You setup your trading plan, you trade it on a demo account for a while, then you start trading live with very low risk, and then you start trading live with higher risk. In this process if you fail at each step you go one or more steps back.

here here ...
EllisEdi Moving on to my next trade ...
  • #28
  • Jan 26, 2007 12:39pm Jan 26, 2007 12:39pm
Bottom line: demos suck
  • #29
  • Jan 26, 2007 11:20pm Jan 26, 2007 11:20pm
I found a strategy that makes me money off trading a demo. Never backtested anything, I got the basics out of trade books but from there I learned by practicing on a demo. Then I went to real money trading exactly like I did on the demo. I've been in the black for a few months now. *shrug*
How you act is more important than how you feel.
  • #30
  • Jan 27, 2007 1:32am Jan 27, 2007 1:32am
Demos do suck.

There's no way I'm voting for John Edwards or Hillary.
  • #31
  • Jan 27, 2007 6:37pm Jan 27, 2007 6:37pm
Quoting backinblack
Demos do suck.

There's no way I'm voting for John Edwards or Hillary.

~~
How you act is more important than how you feel.
  • #32
  • Jan 30, 2007 11:58am Jan 30, 2007 11:58am
Quoting cesarnc
Bottom line: demos suck

Quoting turk87
Okay I use interactive brokers and it says I have a position in JPY. I CAN"T CLOSE IT!!! it says the position size is 2. But when i right click on it it says trade it says order size is not within the limits.. WHAT is going on??
Quoting turk87

A fast answer would be greatly appreciated...
When I try to click close all currency position it wont let me, dO i have a currency position open? it says the market value is 243.75.

thanks..


Actually I disagree with you cesarnec. If Turk87 practiced on a demo account with his brokerage firm before going live, he would know how to get out of the situation he was in yesterday. He was lost. Demos are needed.
  • #33
  • Jan 30, 2007 12:29pm Jan 30, 2007 12:29pm
Quoting turbokaos
Your absolutely right you should definitely use a demo to learn the workings of the platform (a little common sense) but how long does that take? emm I dunno a day or two. And if you want test or system on it for while but demos don't always factor in real mkt conditions. So that why it is best to open a micro mini account and set your pips value to .01 or .10cents.

And if you find your self having to ask your self, can I afford to risk .01 to .10cents per pips to test out my system you should reconsider about trading in the first place.
Werd.
Mr. Trend
  • #34
  • Jan 30, 2007 6:08pm Jan 30, 2007 6:08pm
Quoting WHTenn

Actually I disagree with you cesarnec. If Turk87 practiced on a demo account with his brokerage firm before going live, he would know how to get out of the situation he was in yesterday. He was lost. Demos are needed.
I have traded online for over ten years with probably at least as many as ten different trading platforms. Never did a demo, just the help file and practicing on my own. Am I alone, don't think so.

Do some need demo's, I guess so. For those that do, they have value.

It is possible to enter and cancel trades by placing them far enough away from the current price. But many use demo's as a crutch and believe the trading tactics they learn on a demo might be transferable to live. Ain't so.
  • #35
  • Jan 30, 2007 7:25pm Jan 30, 2007 7:25pm
Quoting SunTrader
It is possible to enter and cancel trades by placing them far enough away from the current price. ...
I remember doing just that with a live account about 8 years ago. picked a price a couple of Handles below Current but on one occasion, I hit the Sell button instead of the Buy. Instantly Filled. Luckily as I remember, by the time I figured out how to get out, I was up 10 pips or so.
  • #36
  • Last Post: Jul 18, 2020 11:03am Jul 18, 2020 11:03am
Demo actually very expensive its produced bad habits which are difficult to get rid...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -810
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