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I've asked this before BUT I realy need to know

  • #1
  • First Post: Jun 18, 2011 4:18pm Jun 18, 2011 4:18pm
Hi

What's the difference between demo and live trading.

On demo I can make 800/1000 pips easily a month,BUT I doubt in the real LIVE trading world it's possible.

My question

Is it different,and if so how?

What effect does slippage,re-quotes have on an account.

Regards

Ken
  • #2
  • Jun 19, 2011 1:38am Jun 19, 2011 1:38am
Broker side: order delays, requotes, slippage, spread widening. But some brokers have that on demo too.

Trader side: emotions.
  • #3
  • Jun 19, 2011 3:36am Jun 19, 2011 3:36am
you wont know the difference untill u go live...
Trade responsiblypatience is the key/Swing trader
  • #4
  • Jun 19, 2011 3:47am Jun 19, 2011 3:47am
if you want answer fast you have a older tread here
http://www.forexfactory.com/showthread.php?t=208142

Happy trading
@materyb
  • #5
  • Jun 19, 2011 4:02am Jun 19, 2011 4:02am
Quoting enivid
Broker side: order delays, requotes, slippage, spread widening. But some brokers have that on demo too.

Trader side: emotions.
That's part of my wondering.

Which brokers have the best demo trading ,similar to actual live trading,or as near as you can get

Regards

Ken
  • #6
  • Jun 19, 2011 5:47am Jun 19, 2011 5:47am
Hey Ken,

Question for you first, the demo account had a balance of what? Most will give you $50k, so how much were you using to trade with? Then... How much are you going to put into a real account and therefore, how much are you going to be able to trade with?

So based on that, would you still be able to make the same amount of money??
  • #7
  • Jun 19, 2011 7:00am Jun 19, 2011 7:00am
Quoting WendyG
Hey Ken,

Question for you first, the demo account had a balance of what? Most will give you $50k, so how much were you using to trade with? Then... How much are you going to put into a real account and therefore, how much are you going to be able to trade with?

So based on that, would you still be able to make the same amount of money??
I had an initial 3k deposit,and over 2 years turned that in to 12k (or thereabouts).

I'm a lot more skilled over the 2 years and have opened a demo with 1k 50:1 leverage and turned 1k in to £1400 in 2 months.

If that helps any

Regards

Ken
  • #8
  • Jun 19, 2011 7:31am Jun 19, 2011 7:31am
Quoting kendeb57
Hi

What's the difference between demo and live trading.

On demo I can make 800/1000 pips easily a month,BUT I doubt in the real LIVE trading world it's possible.

My question

Is it different,and if so how?

What effect does slippage,re-quotes have on an account.

Regards

Ken

Emotions are probably the biggest difference. On demo you don't have anything at stake... on live you do and so your reactions with the market change.

The other differences are requote, spread widening, price feed differences etc. But your actions due to emotions are the biggest factor IMHO.

Trade live the same way you trade demo, trade demo at the same time you trade live. You will see the differences first hand.

I can tell you sometimes I win more on live vs demo, sometimes I win less. But my winning percentage is higher on live. The only conclusion I have come to is that the price feed is different from demo to live somehow?
  • #9
  • Jun 19, 2011 6:49pm Jun 19, 2011 6:49pm
Stop wondering, simply open a live account with a small amount of money and trade for smaller amounts of money.

If it grows let it run, if it shrinks then you have your answer.
Money grows on the tree of persistence
  • #10
  • Jun 20, 2011 9:05am Jun 20, 2011 9:05am
Quoting kendeb57
Hi
What's the difference between demo and live trading.
On demo I can make 800/1000 pips easily a month,BUT I doubt in the real LIVE trading world it's possible....
Ken,
if u doubt yourself & doubt that you can make a similar or better performance during live trading, then it's not advisable for u to trade live.

if u intend to trade for a living, then u should erase all/most doubts/bad thoughts in your head, or at least build confidence to erase any/all doubts.

Trading is a monumental task, & there is simply no room for doubts (which can cause trading errors/substantial financial losses, etc) when u are doing it live.

BELIEVE in YOURSELF. Good luck!
  • #11
  • Jun 20, 2011 9:10am Jun 20, 2011 9:10am
Quoting supremeChaos
Ken,
if u doubt yourself & that you can make a similar or better performance during live trading, then it's not advisable for u to trade live.
The doubt is in the difference between live and demo that's all
  • #12
  • Jun 21, 2011 12:50am Jun 21, 2011 12:50am
Quoting kendeb57
That's part of my wondering.

Which brokers have the best demo trading ,similar to actual live trading,or as near as you can get

Regards

Ken
I'm in development myself.. and have also experienced the broker side differences between demo and live.

The widening spread (not talking about extraordinary spread here) turned out to be a good sanity check here.. I subjectively figured that if my methods required a really small spread to make money, there was something wrong with my method... Go to the 1 min charts even, there are price swings bigger than a 3 pip spread all over the place.

Or as a really general statement, the live account made me loose money on my 'stupid' trades, where as the demo account let me believe those would make/not loose money. Strong trades were that on demo/live.

Having said.. something you might also find interesting, in the same category as these differences, is the volatility in the prices between different market makers. (or even live/demo i guess). Sometimes those quicker bars look different.. and on shorter timeframes (especially if you use mechanical stops) will effect your trading.
  • #13
  • Jun 21, 2011 1:09am Jun 21, 2011 1:09am
Quoting kendeb57
That's part of my wondering.

Which brokers have the best demo trading ,similar to actual live trading,or as near as you can get

Regards

Ken
looks like finfx and divisa

some reports suggest that live is equal to demo

anyway it is a good ecn training

and if you decide to go live send your report please

regards...
  • #14
  • Last Post: Jun 21, 2011 2:06am Jun 21, 2011 2:06am
Quoting stockmarcus
I'm in development myself.. and have also experienced the broker side differences between demo and live.

The widening spread (not talking about extraordinary spread here) turned out to be a good sanity check here.. I subjectively figured that if my methods required a really small spread to make money, there was something wrong with my method... Go to the 1 min charts even, there are price swings bigger than a 3 pip spread all over the place.

Or as a really general statement, the live account made me loose money on my 'stupid' trades, where...
Thanks for that
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