Demo accounts

bigdolly

2nd Lieutenant
Messages
1,009
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.
What is the appropriate time for training period in your view? There are different estimates but can say that the more you spent before demo charts the better your results will be on live account?
 

DonCarleone

Private
Messages
25
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.
What do you think about some brokers that let you trade via apps or browsers?
 

BinaryLad

Private, 1st Class
Messages
62
Demo accounts are simply to get to grips with all the "quirks" all platforms have and decide if the platform is right for you and, to some extent, your trading strategy. Use it to verify pricing, spread's, etc. but that's just an indication if the "broker" is messing with the live platform but not the demo.

In short limited use but essential to learn the platform before actually trading live. Trading with real money is nothing like a demo account and IMO that's the thing that most will struggle with when they start. Always start off small with a live account and this will also let you know if the "broker" is messing with the live account. Even with that the "broker" might be playing a long-con waiting for your big deposit......
 

EURUSD

Sergeant Major
Messages
1,133
Why so many trader getting success on demo account because usually startup capital on demo account with big amount capital more than 5000$ and also free from emotion pressure, but when start on real account sometime with small capital and still facing with emotion in trading and not yet if broker having software stop loss hunter and spread wider
 

dianajs

Private, 1st Class
Messages
778
In my opinion one should trade on demo in the exact same way they would trade on the live account, then there wouldn't be any discrepancies once they move onto the live account.
 

Mike James

Recruit
Messages
46
Demo trading is basically to know how the trading mechanism works. Well ordered directions to open and close a trade. The best strategy to use MT4 for trading. In any case, the honest to goodness learning begins when you start to trade with authentic money. Trading with authentic money incorporates sentiments that reason an expansive part of the mistake. You can in like manner use demo to test your trading strategy.
 

alaska27

Recruit
Messages
170
bigdolly, I completely agree with you, without the necessary education in large quantity, real trading experience it won't be possible to earn money on forex.
 

alaska27

Recruit
Messages
170
john nathan, everything you say is true, the demo account will help you understand the general positions and learn a few trading strategies, although it won't be able to teach you the psychology of trading and how to relate to money.
 

Big_Benjamin

Recruit
Messages
3
If you’re a newbie, demo version gives you an opportunity to test your skills. But after all it’s like to drive a car with an instructor. To know what driving really is one day you should do it yourself. I tried demo on different websites (REMOVED, REMOVED), but at last swapped demo for full version using REMOVED.

FPA Forums Team Note: Recommending a broker in Beginner's Bootcamp is a fast way to get to get to meet Spam Cat for dinner.

Spam Cat does not eat dinner with people. Spam Cat eats people for dinner.
 
Top