Demo accounts

Naxramos

Recruit
Messages
119
Demo account is an irreplacable thing in every way. But it has one disadvantage – addiction and false sense of security.
 

EURUSD

Sergeant Major
Messages
1,133
Still many new trader they need to using demo account, although on trading demo account will never giving all environment like as on real account, but will useful for backtest any system trading and strategy, but to built up good psychology trading will better trading on real account, which using real money will felt emotion during trades and these is real psychology
 

MarryLo

Recruit
Messages
57
Demo account is the best way to practice your strategies without any loss of money. It also helps to build a strategy for the trading. It has a drawback as well, as the brokers allow you the access of demo accounts with larger capitals but you start live account with lower capital. It effects the risk managemnt quitely effectively.
 

Melvin Leon

Recruit
Messages
54
Demo is just to know how the system works and test your strategy. It is good if you know the winning ratio of your strategy by trading on demo. But usually most people use demo to see how much many they can make. They do not focus on creating a strategy. When you trade with real money, there works a fear of losing money. You become too much conscious about your decision. In demo you don't affected by any emotions like fear, greed and overwhelming joy.
 

alaska27

Recruit
Messages
170
Begginers must start with the demo account if they wanted tolearn every thing about the market.Because demo account is same asa real account. In demo account you don't loseyour money and you bacame fearless and you learn about mistakes and you never do such kind of mistake in your real account.
 

EURUSD

Sergeant Major
Messages
1,133
Yes demo account is important for especially newbie, but also used among trader if they want to backtest new ea or system trading, and will interested if take part on demo contest, there are many trader compete on contest because beside can backtest strategi also will possible get prize if become one winner
 

TrapLok

Recruit
Messages
136
The biggest advantage of demo account trading is that it provides you with the same environment and atmosphere as real life trading. However, you don't as quickly because there is no money invested in it. There is no fear of loss.
 

emily_smith

Recruit
Messages
18
Demo is the exact replica of real account, you can trade just like real account, you can test your strategies without losing real money. when you will go live after trading on demo account it doesn't look different, here the difference is of only real money.
 

Rizog

Private, 1st Class
Messages
127
Demo accounts are an excellent way of testing your abilities in the world of forex. Thet have the same environment as real trading without the risk of losing anything. So, my advise for you is to invest as much time you want in demo account trading.
 

EURUSD

Sergeant Major
Messages
1,133
Demo accounts are an excellent way of testing your abilities in the world of forex. Thet have the same environment as real trading without the risk of losing anything. So, my advise for you is to invest as much time you want in demo account trading.
Difference on demo account and real account is about trading server anda capital that used, on demo account some trader said can work well and easy to open trades, but on real account sometime facing with requote problem, and also money in demo account is only virtual money, although margin call its not big deal for trader, but in real account if facing margin call hence trader will felt disappointed
 
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