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Live vs demo TE, what's the difference?

  • #21
  • Apr 16, 2016 2:57pm Apr 16, 2016 2:57pm
Demo accounts are for you to learn how your platform works. Once you know to place orders, close orders, set lot sizes, learn a little bit money management, then you can open a small live account to learn further.
Drawdown is more important than Account Size !
  • #22
  • Apr 16, 2016 3:00pm Apr 16, 2016 3:00pm
Quoting albchr
{quote} I think your English is great! ... Well, as I said it was a friend of mine that did the tests and he did them on several broker accounts he has. Obviously I can't comment on whatever broker you use. I have a good one and the demo is very "close" to the live but there are differences as you've mentioned. I've also had/seen brokers that weren't even close and by and large, that's a lot of them. I think that's why most folks don't take demo stats seriously. For the most part, with most brokers, you just can't compare demo vs....


Thanks for the compliments about my English. That's very appreciated as the main reason why I'm here is to learn English

I understand your doubts and I admit that I don't trust demo stats as much as live stats as wel. But if the broker is a respected one (eg. FCA regulated), then I would force myself to trust those stats even if it's a demo.


To jen101: from what I know Vipro Markets is an offshore broker so I wouldn't trust them, but maybe they're good.
  • #23
  • Apr 16, 2016 3:26pm Apr 16, 2016 3:26pm
Quoting procrude
Demo accounts are for you to learn how your platform works. Once you know to place orders, close orders, set lot sizes, learn a little bit money management, then you can open a small live account to learn further.
I agree
  • #24
  • Apr 16, 2016 4:06pm Apr 16, 2016 4:06pm
Demo trading can also help you get trust in your system, when you see that it is actually working as you intended.
then there is a higher chance you will actually be disciplined and follow the rules when you start to live trade.
trust is very important because without trust, you will be having doubts which can affect your trading decisions,
and you can make silly mistakes and stray from your own rules because of it.

this is a part I think many will overlook, but even though this is a help,
Demo trading contains no fear and greed which you will encounter with live trading.
this can totally turn things around for you if you don't have this trust.
or it is more likely to turn things around.
Bulls are stupid Animals!especially when Im short!
  • #25
  • Apr 16, 2016 4:41pm Apr 16, 2016 4:41pm
Quoting albchr
{quote} I think your English is great! ... Well, as I said it was a friend of mine that did the tests and he did them on several broker accounts he has. Obviously I can't comment on whatever broker you use. I have a good one and the demo is very "close" to the...
I use FXBlue to mirror. There are 2 ways of doing it, either set it to trade at market which I do, or it waits till the price is mirrored, give or take whatever you set. With the latter option, you would get a closer price, but you could also miss the entry altogether especially in a fast moving market. With the former, there are likely to be greater price discrepancies, as the mirror has a heartbeat every 10 seconds and the signal has to wait for the next heartbeat. But over time, it should level out, or not. I am definitely seeing things that I would otherwise not, if I simply used the one account.
  • #26
  • Apr 16, 2016 4:45pm Apr 16, 2016 4:45pm
When I started out trading forex, i did very good with demo accounts....i had several accounts over time and all of them did good. I was thinking I will make millions BUT it did not go like that.... fear and greed took over me and I had losses in live accounts.

I am finally in the process of overcoming fear and greed part of the trading slowly.

You can see my trade explorer, I am still doing good in my current demo account and not too good in the live account (both accounts are linked with trade explorers).

Here are some of my accounts in did demo trades on.

Bottom Line: Demo and Live trading are "Different"
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Drawdown is more important than Account Size !
  • #27
  • Apr 16, 2016 11:31pm Apr 16, 2016 11:31pm
Demo and Live trading is the same, except for slippage, if you trade automated systems using pending orders, don't trade the news and avoid thin liquidity (start of Asian trading). I have done it for more than 10 years, didn't ever see a big difference. If you do it on demo, you can do it live easily with the same results. If you see a big change between live and demo on the same broker or a very big slippage more than a pip - change your broker.
  • #28
  • Apr 17, 2016 12:21am Apr 17, 2016 12:21am
Quoting procrude
When I started out trading forex, i did very good with demo accounts....i had several accounts over time and all of them did good. I was thinking I will make millions BUT it did not go like that.... fear and greed took over me and I had losses in live accounts. I am finally in the process of overcoming fear and greed part of the trading slowly. You can see my trade explorer, I am still doing good in my current demo account and not too good in the live account (both accounts are linked with trade explorers). Here are some of my accounts in did demo...
My opinion : In demo you are not working with ownership of the virtual money. The lots that you are working with involves huge risk as compared to capital.
Decrease your lot size and accordingly do it in real accounts .
You may see a little difference in your emotions.
When the going gets tough , the tough get going
  • #29
  • Apr 17, 2016 12:21am Apr 17, 2016 12:21am
Quoting cold chisel
Demo and Live trading is the same, except for slippage, if you trade automated systems using pending orders, don't trade the news and avoid thin liquidity (start of Asian trading). I have done it for more than 10 years, didn't ever see a big difference. If you do it on demo, you can do it live easily with the same results. If you see a big change between live and demo on the same broker or a very big slippage more than a pip - change your broker.
Spot on CC. :-)
  • #30
  • Edited 10:47am Apr 17, 2016 6:16am | Edited 10:47am
Quoting ronaleo10
1 Latency exploitation...usually demo feed are slower



hmmmm no.
  • #31
  • Edited 9:44am Apr 17, 2016 9:05am | Edited 9:44am
to me demo and live are the same, except that you can't withdraw demo profits.


as for the stats, demo stats are just useless, it's like play war on a videogame and believe that you are a real soldier.

edit:
live stats are useless too, as the past never repeat itself, they have no value.

i.m.o.
  • #32
  • Apr 17, 2016 9:11am Apr 17, 2016 9:11am
Quoting tunera
to me demo and live are the same, except that you can't withdraw demo profits. as for the stats, demo stats are just useless, it's like play war on a videogame and believe that you are a real soldier.
Profit of $1 in real account has more value than millions and billions of profit in demo.
When the going gets tough , the tough get going
  • #33
  • Apr 17, 2016 9:38am Apr 17, 2016 9:38am
Good broker = demo = real
Good Trader = demo = real
Good mechanical system = demo = real

Good mechanical system = good expectancy in past and future = a system based on solid price statistical analysis
atheer1
  • #34
  • Apr 17, 2016 9:46am Apr 17, 2016 9:46am
Quoting cold chisel
Demo and Live trading is the same, except for slippage, if you trade automated systems using pending orders, don't trade the news and avoid thin liquidity (start of Asian trading). I have done it for more than 10 years, didn't ever see a big difference. If you do it on demo, you can do it live easily with the same results. If you see a big change between live and demo on the same broker or a very big slippage more than a pip - change your broker.
Nope. Brokers don't use their dodgy MT4 plug-ins on demo. That's why you're profitable on demo and small accounts. They want you to be profitable so you fund a nice big fat account, then they can fleece you well and proper. As soon as your account grows to a fair size, you will start to lose. So, lots of small accounts are better than one big one.
  • #35
  • Apr 17, 2016 9:55am Apr 17, 2016 9:55am
Since lot sizes are able to be scaled/reduced to very tiny amounts, why not just "demo" trade with a $100 account and then scale up. Far more reliable than demo trading. As said above, perhaps demo trading is useful for learning the platform and gaining comfort with the process. Beyond that, what's the point? Only trouble there also is that $100 is meaningless still. Once you start playing with large amounts that may worry you at night, then your trade results have meaning. Fear and greed impair judgment in oft imperceptible ways.
There's always money in the banana stand.
  • #36
  • Apr 17, 2016 12:21pm Apr 17, 2016 12:21pm
http://www.goforexstrategies.com/rea...demo-accounts/
When the going gets tough , the tough get going
  • #37
  • Apr 17, 2016 12:28pm Apr 17, 2016 12:28pm
Quoting HeyYou
{quote} hmmmm no.
Considering you dont know the difference between Live and Demo TE ...i dont expect you to know that ..
If you take 100 Brokers Live and Demo feed ...and try to latency arbitrage them ..You will succeed on more no. of demo feeds.

After everything said and done ...demo is still useful in learning and testing your strategy . But From third person point of view..he is going to take person with 100 dollar live account more seriously than 50,000.00 dollar demo account.
  • #38
  • Apr 17, 2016 4:49pm Apr 17, 2016 4:49pm
Quoting FerruFx
{quote} Are you serious ? You will never have the real market conditions on a demo account. Demo should be used exclusively for training purpose ... never for profitability analysis ...
absolutely !!! not even for training ! It will get you in the bad habits...!
  • #39
  • Apr 18, 2016 11:42am Apr 18, 2016 11:42am
Quoting Stubborn
{quote} What you mention is a general feeling of humans. As the saying goes " The grass is greener on the other side". Some practical scenarios : you are in a queue among many others , you find your line not to be moving as fast as the other lines move. The bus no. you are waiting is not coming but all other nos. are coming.
Really. So you mean no manipulations?
  • #40
  • Apr 18, 2016 11:46am Apr 18, 2016 11:46am
Quoting accuratefx16
{quote} Really. So you mean no manipulations?
I never said anything about manipulations. What I was referring to was :

Quoting accuratefx16
..... trend is deliberately frozen when it is going in your direction and when you are on the wrong side the trend will run as a speed of light.
As for manipulations , it always existed , is existing and will always exist. We need to learn how to handle manipulations.
When the going gets tough , the tough get going
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