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Demo accounts

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

  1. CryptoatForex

    CryptoatForex Recruit

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    Demo trading is vital imo. But then so is live trading 0.01 stakes, to get the emotions right.
     
  2. EURUSD

    EURUSD Sergeant Major

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    Demo account indeed useful, but also we must forward to real account, this as the second step after we learn with demo account, if not yet ready with your capital in real account, actually now already there are some broker that provided low initial deposit, we can start even use 10$ or 100$ for learning trade in real account, it will useful to build up better psychology
     
  3. SanioTire

    SanioTire Recruit

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    Totally agree. Keep stats when do backtest on demo account and when you gain your confident. You can forwardtest on small amount $50-$100 that help you understand in real trading.
     
  4. nahiyar

    nahiyar Private, 1st Class

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    This way will give you real training when treat demo like your real amount . Give full attention to trading and its effects then trading is useful . Demo is not for sake of order placing it is for learning. Capital counts a lot in profit taking that is why demo traders are happy to gain money because they can take higher risk and not are facing actual loss . Trading with real money is actual challenge for them to which they need to be prepared properly.
     
  5. AlecR

    AlecR Private, 1st Class

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    I like this idea to use a limited amount as You can select an amount of $100 or less to manage on demo . If work is successful go ahead for more amount as you can do it with $200 or $500. More amount used in demo will make an illusion due to easy profit taking. In live trading you cannot match your performance with your investment.
     

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