Switching From Demo to Real Account | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Alpari demo account, is it in real real time? 26 replies

EA open position on demo, but not open position on real account. Any Comment 7 replies

difference in real prices on Demo and real micro account 10 replies

Overeagerness to trade when switching to live account 11 replies

How to open demo account with Alpari-demo? 3 replies

Switching From Demo to Real Account

  • #1
  • First Post: Dec 2, 2009 9:20pm Dec 2, 2009 9:20pm
Hello,

I have been researching the Forex market for about 6 months to a year now. During this period I was learning basics, and I was trading on a demo account with FXDD.com.

Over the past 2 months I have employed an expert adviser that has had a lot of success and on my demo account has made 5 to 6 thousand dollars a month. Now I am going to finish testing my third month, and then if it continues this success I am going to go with a real account.

The problem I am having is while being on forums, I have encountered many facts and rumors that trading in a Demo account is nothing like trading in a real account. Is there any truth to this?

Also, I have heard many stories about brokers that would con investors, by purposely investing against them making them lose money. Is this only in rare occasions, or is this how most brokers do it?

Thanks For All The Help,
Nick
  • #2
  • Dec 3, 2009 1:54am Dec 3, 2009 1:54am
If you trade using expert advisor than the real trading is different from demo only in terms of the broker's market execution. If you aren't sure in your broker, you can always start with some small test deposit (e.g. $100) and see whether the execution works fine on real accounts.
  • #3
  • Dec 3, 2009 7:05am Dec 3, 2009 7:05am
Quoting enivid
If you trade using expert advisor than the real trading is different from demo only in terms of the broker's market execution.
What do you mean by this? That the execution of trades is more delayed?
  • #4
  • Dec 3, 2009 10:40am Dec 3, 2009 10:40am
yupps... live trades often go thru a "dealing desk", which means a message pops up on the broker's terminal:

"This punter wants to sell ... lots of XXX/YYY. Allow him to do so or send a random requote or simply disconnect his lousy terminal? Select A/R/D"

So your EA trades might be handled manually which means delay.

Try the live service with a small account and smaller lot sizes first.

Quoting Borduhh
What do you mean by this? That the execution of trades is more delayed?
forget about tomorrow, just steal away into the night
  • #5
  • Dec 3, 2009 10:52am Dec 3, 2009 10:52am
Quoting spekitox
"This punter wants to sell ... lots of XXX/YYY. Allow him to do so or send a random requote or simply disconnect his lousy terminal? Select A/R/D"
Thanks for the laugh.
In trading, there is no bullshit. You either make money or you don't.
  • #6
  • Dec 3, 2009 11:05am Dec 3, 2009 11:05am
Quoting spekitox
yupps... live trades often go thru a "dealing desk", which means a message pops up on the broker's terminal:

"This punter wants to sell ... lots of XXX/YYY. Allow him to do so or send a random requote or simply disconnect his lousy terminal? Select A/R/D"

So your EA trades might be handled manually which means delay.

Try the live service with a small account and smaller lot sizes first.
Yes I have found these type of brokers, but also I have came across brokers with a No Dealing Desk policy. Would this take care of this problem automatically?
  • #7
  • Dec 4, 2009 3:19am Dec 4, 2009 3:19am
Quoting Borduhh
Yes I have found these type of brokers, but also I have came across brokers with a No Dealing Desk policy. Would this take care of this problem automatically?
No, there still might be delays and requotes in execution. If you trade with MT4 EA make sure that it can deal with price requotes and delays correctly. Anyway, what's the problem testing a broker on a small account before investing your hard-earned capital?
  • #8
  • Last Post: Dec 7, 2009 9:34pm Dec 7, 2009 9:34pm
Quoting enivid
No, there still might be delays and requotes in execution. If you trade with MT4 EA make sure that it can deal with price requotes and delays correctly. Anyway, what's the problem testing a broker on a small account before investing your hard-earned capital?
Thanks,

I believe I am going to test the result on a real account at the end of this week. I am going to stick with Forex.com's UK branch and see where I get.

Nick
0 traders viewing now