1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Demo Account and Life Account

Discussion in 'Beginners Bootcamp' started by eduj, Aug 6, 2010.

  1. eduj

    eduj Recruit

    Joined:
    Apr 4, 2010
    Messages:
    3
    Likes Received:
    0
    Pls am a newbie in the business of forex trade. I seem to be doing well in my demo account but am still not comfortable with cos I still think there is a big difference between trading in a demo account and trading in a life account. Pls what are the major differences? I will like to know this please cos am trying to open a life account.

    My second problem is I ve not been trading on my demo account with stop loss how does that affect my trade. Thought I still make profit. How will that affect my trade when I state trading on a life account? Hoping to hear from you guys.

    Thanks from eduj
     
  2. fxarms.com

    fxarms.com Recruit

    Joined:
    May 8, 2015
    Messages:
    5
    Likes Received:
    0
    you will trade on demo account without any emotions. but on live account, you loose because of emotions. this is the main difference. stop loss is must. trading without stop loss is risky
     
  3. pro4Xtrader

    pro4Xtrader Recruit

    Joined:
    Apr 14, 2015
    Messages:
    112
    Likes Received:
    2
    yes, its all psychological factors when moving from demo to real... which is the harders part in trading, go over your emotions, control yourself.... change yourself
     
  4. Froso@FXNET

    Froso@FXNET FxNet.com Representative

    Joined:
    Nov 22, 2013
    Messages:
    390
    Likes Received:
    7
    Major differences between real and demo are capital used surely , this between real or just virtual , so when use virtual account surely nothing for burden to make decision than use real money during trade . so we must have strong psychology when has invested real money in forex market
     

Share This Page