Demo accounts

momo3HC

Master Sergeant
Messages
430
Hi guys!
Can you name me some advantages and disadvantages of demo accounts?
Demo doesn`t have disadvantages. Every trader must go through demo before real trading. And even after that experienced traders are using demos for explore and practice new strategies.
 

DaveT

Sergeant
Messages
361
An advantage of a demo account is when you screw up which you inevitably will when you're new, the money you lose will not be real money
 

nahiyar

Private, 1st Class
Messages
807
Exactly a beginner not knows how trading works, He does many mistakes looses again and again. It is advised to do all these basic steps on demo so that he may not loose his amount. It is a big advantage that he can learn on demo free. Many times he can do mistakes and try to resolve his weaknesses. Demo is practice account to learn as much as you can without using your real money in market. After this you can avail investment for trading in live market.
 

bigdolly

Sergeant Major
Messages
990
An advantage of a demo account is when you screw up which you inevitably will when you're new, the money you lose will not be real money
Yeah and you will not suffer from any psychological tension. But it can become a habit and harm your trading on live account in future.
 

TrapLok

Recruit
Messages
135
I do not know why some of the experienced traders stop newbies to work on the demo account although they, themselves, got success due to their practice on the demo account. It is really a wrong thing to stop others while doing something yourself. Am I right guys?
 

nahiyar

Private, 1st Class
Messages
807
Yes there is no harm to practice on demo . If they practice on live account even with micro lots they can not understand standard trading . They can be imaginative by using high capital of demo but not stop others to use free platform of demo trading. It is very useful to understand forex trading as well as brokers dealing , than will test many tings on demo to choose best for himself.
 

dextor

Private, 1st Class
Messages
57
Demo account is good for being a newbie. Because its better to understand all basic points before using Real trading account. If any beginner start trading with real account without using demo account, 99.9% it will lead towards failure.As a result, he or she loss his capital.
Major con of Demo trading account is it deal with virtual money.
 

momo3HC

Master Sergeant
Messages
430
Demo account is good for being a newbie. Because its better to understand all basic points before using Real trading account. If any beginner start trading with real account without using demo account, 99.9% it will lead towards failure.As a result, he or she loss his capital.
Major con of Demo trading account is it deal with virtual money.
Go to correct you. Not 99.9% but 100% it will lead towards failure.
 

nahiyar

Private, 1st Class
Messages
807
Demo account is good for being a newbie. Because its better to understand all basic points before using Real trading account. If any beginner start trading with real account without using demo account, 99.9% it will lead towards failure.As a result, he or she loss his capital.
Major con of Demo trading account is it deal with virtual money.
I must say demo accounts are very valuable in terms of the learning process. While you are getting basic knowledge through reading you can see the trading terminal on demo accounts and apply al those that you learn day by day. Then if a trader finds real interest in this business they will eager to continue trading on live accounts. Otherwise, they can quit from trading if the market is not according to his interest. He is not bound to use his actual amount in trading.
 
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