Demo accounts

alexmarian

Private
Messages
43
Demo accounts are very useful we had improve our trading knowledge and experience with the passage of time to achieve our targets of maximum profit because Forex market is highly risky.
 

scott11

Recruit
Messages
148
I think that you can master your strategy in a demo account. And for a newbie it's the only chance to start trading and learn something. But maybe a cent account would be even better for that.
 

dianajs

Private, 1st Class
Messages
778
I think that it is not only possible to master a strategy on a demo account, but also it is recommendable to do so because on the demo account one can test it as much as they want and even if they make a mistake there won't be any consequences.
 

EURUSD

Sergeant Major
Messages
1,133
I think that it is not only possible to master a strategy on a demo account, but also it is recommendable to do so because on the demo account one can test it as much as they want and even if they make a mistake there won't be any consequences.
For newbie practice in demo account is very much important, because so many trader fail as beginner with one reason lack of experience, while on demo account they can test system trading and also learn how to trade with money management and risk management, keep discipline during practice in demo account will giving good habit later on real account
 
Messages
75
Forex is a complicated business area and there is no argument regarding this fact. But there are numerous opportunities for the traders and for the beginners to learn about forex market and forex trading in many ways, such forx e-books, tutorials, videos, demo trading accounts, etc. But among all the options available for learning and practicing forex trading only the demo trading accounts can offer professional learning and training and traders can get the real experience of trading without any investment.

That’s why demo accounts are becoming popular among the novice traders. Even many instances, pro traders also use demo trades to evaluate the trading strategy they want to use on long term horizon. As demo accounts involve virtual cash, I think every novice trader should practice trading with demo accounts at the initial level at least.
 

bigdolly

2nd Lieutenant
Messages
1,004
Forex is a complicated business area and there is no argument regarding this fact. But there are numerous opportunities for the traders and for the beginners to learn about forex market and forex trading in many ways, such forx e-books, tutorials, videos, demo trading accounts, etc. But among all the options available for learning and practicing forex trading only the demo trading accounts can offer professional learning and training and traders can get the real experience of trading without any investment.

That’s why demo accounts are becoming popular among the novice traders. Even many instances, pro traders also use demo trades to evaluate the trading strategy they want to use on long term horizon. As demo accounts involve virtual cash, I think every novice trader should practice trading with demo accounts at the initial level at least.
Do you think its better to start from demo account or right from live one? I mean from psychological point, demo can be quite dangerous
 

dianajs

Private, 1st Class
Messages
778
In my opinion it is better to start with a demo account, at the very least until you learn the trading platform software, although one can certainly stay on a demo for longer than that.
 

john nathan

Recruit
Messages
9
Hi all
There are huge advantages to create a demo account, it gives you the idea about the trading condition provided by the broker and you can trade and learn a lot on the demo account provided the live trading conditions with demo money.
 

DonCarleone

Private
Messages
25
Demos are perfect for training, but some brokers try to deceive you into depositing real money, making you win every time you invest virtual money...
 

Ken Smith

Private
Messages
104
Hi guys!
Can you name me some advantages and disadvantages of demo accounts?


Demo trading is simply to know how the trading component functions. Step by step instructions to open and close a trade. The most effective method to utilize MT4 for trading. Be that as it may, the genuine learning starts when you begin to trade with genuine cash. Trading with genuine cash includes feelings that reason a large portion of the mix-up. You can likewise utilize demo to test your trading methodology.
 
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