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Demo accounts

Discussion in 'Beginners Bootcamp' started by Jason_85, Aug 14, 2015.

  1. Addam

    Addam Recruit

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    The biggest advantage of demo account trading is that you get familiar with the trading aspects. You get some experience of trading. The biggest disadvantage of demo trading is that people get under the impression that demo trading success will guarantee success in real life trading.
     
  2. EURUSD

    EURUSD Sergeant Major

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    Simply if in demo account still fail, hence if likely to enforced trading with real account, the end result also will fail, because trading on real account is more difficult than trading with demo account, although felt annoying to practice with demo account, because only use virtual money, but will good to finding profitable system trading and strategy before jump to real account
     
  3. Morten

    Morten Corporal

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    You should always do demo account trading before investing in the real forex market. You will not survive the real market if you have not spend enough time in demo trading. Demo trading is an excellent platform free of cost that can give you exposure of the real forex market.
     
  4. dianajs

    dianajs Private, 1st Class

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    And, apart from training purposes, demo accounts are an excellent way to test and backtest new strategies and trading ideas.
     
  5. EURUSD

    EURUSD Sergeant Major

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    One benefit demo account indeed we can backtest any new system trading and strategy trading without risk at all, maybe we interested in trying to use an ea, we also can try out on a demo account, but indeed not all ea can work on demo account if these ea created for real account, but however demo account remain useful for all trader although they as senior trader they can use demo account for backtest
     
  6. dianajs

    dianajs Private, 1st Class

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    Demo accounts should be nearly identical in terms of performance to a live accounts, I am not sure why an EA wouldn't work on them to test them.
     
  7. nahiyar

    nahiyar Private, 1st Class

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    Many benefits of demo accounts are there that is why it is suggested to train yourself first on demo trading. They give you free chance to learn trading . It is a journey to live account starts from demo. A trader is now not new to forex market when he had done demo trading for several months . Live trading becomes familiar to him to test many trading systems for his experience .
     
  8. Morten

    Morten Corporal

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    Many peoples came here without doing some work on the demo account. They don't have knowledge about the market because of which they lose their money because they don't know what to do and how to do trade on the forex ma. You should have to make a demo account before starting up a real trade. Thanks
     
  9. EURUSD

    EURUSD Sergeant Major

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    Although demo account only use virtual money, this step is really important for new trader, because so many traders get fail in forex trading due to their lack with experience, so for beginner they need to practice in demo account, at least six month, because so many traders get fail or margin call account for less than six months, if beginner they can learn seriously, really it will help much if they decided to start in real account
     
  10. fxekspert.eu

    fxekspert.eu Recruit

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    A demo account is surely important for a trader to test out the system and their broker. I´m sure you don´t want to pay for everything just to later realize it is not what you are actually looking for. Of course pre- demo account testing do your research and read reviews on both the system and the broker.

    Demo account trading is clearly different from live trading. It´s emotionless, might give you a feeling like trading is ´safe´ and risk free, which it is in the demo account but certainly not in live.
     

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