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Is demo trading useless?

  • #41
  • Apr 1, 2016 6:48am Apr 1, 2016 6:48am
Quoting PipPirates
For me Demo trading is useless as it doesn't involve real money is trading under such scenario doesn't tells you how you are going to react if its real account with real money. Trade with Real money even on cent account will give you better results than trading in demo. Even if you lose your small real account 10 times, still you experience some knowledge about your mindset. That definitely gives confidence to trade in real market condition. Telling this from my own experience. Demo trading is useful to test a strategy 1st time for 1-2 weeks. Not...
Most traders moving to a real account is really under stress, because it is real money. But the demo account can give confidence in the sense that the test of the trading system should be done in the demo. Demo account at the same time useful and dangerous. It is dangerous because it is a lite version of the market and can not get used to it.
  • #42
  • Apr 1, 2016 7:26am Apr 1, 2016 7:26am
to test your system and strategy demo account is great, but when it comes to real account, and trading psychology involved you will see the different.
Risk comes from not knowing what you're doing.
  • #43
  • Last Post: Apr 1, 2016 11:29pm Apr 1, 2016 11:29pm
Quoting Maverick X
So I've been having some very good success by increasing lot sizes linearly but have lost a lot of money by increasing lot sizes bases on martingale. It's working very well on demo and paper(theory) but in practice my winning percentage takes a hit because of even slight slippage or widening of spread at the wrong bloody time. And then there is the bloody margin call. Has anyone here been able to do demo testing properly. Is there a way to do it taking into account these factors and realistically demo the system? Any ideas would be welcome. No micro...
I honestly don't think it's useless especially when you're running with a new technique, don't do what I did and go straight live with new techniques or none at all. As you can see I'm down by -800$
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