How a Demo account proves to be effective for beginner?

[barood4money]

I think that a person who has interest to do something in life and want to take forex trading seriously, he will try to learn every aspects and will not miss the chance to learn something. And that type of people becomes an expert trader.

 

[Decub]

I think that a person who has interest to do something in life and want to take forex trading seriously, he will try to learn every aspects and will not miss the chance to learn something. And that type of people becomes an expert trader.

Sure, and that is what I think as well. Learning in Forex cuts across so many aspects, not minding the way it tells on you or your financial commitment to it. Demo provides the same thing a real account does so what stops a newbie from taking advantage of it.

 

[barood4money]

It is true. i even cannot understand that, nowadays everybody is getting chance to learn forex at free of cost and much with advantages. But still newbies wants shortcuts to enter the world of real trading.

 

[Daisy]

Yes, of course a demo account is really effective for beginners. They are a requirement if you don't want to lose all of your hard earn money. They're necessary for you to gain experiences in trading and I doubt that any new trader will make profit if they don't even know how to set up a trade right so its totally necessary for you to use a demo to increase your skills and refine your strategies and you can use it to test out your games as well and see if they work with fake money. You don't want to test it with real money.

 

[gkintl]

A demo account is an indispensable tool for both a professional and a newbie. A newbie learns trading through a demo account. It enables a beginner to understand the trading platform and its facilities. Also, new indicators and its application can be easily understood by trying it out on a demo account with no fear of loss. As far as a professional is concerned, it enables him to develop new strategies, fix loop holes, if any, in the present strategy, back test expert advisors and fine tune them. Even forward testing is done on a demo account by professional traders before taking it to a real account. Thus, even experienced and successful traders use a demo account.

 

[Pettyeve]

A demo account will prove effective for a beginner trader because it is in te demo account that the trader will be learning how to trade and how to develop him or herself. Trading in the demo account is the best place for a beginner trader to be practicing without trading with hi or her money.

 

[kasual]

No doubt that demo account effective. Traders could peform practice calmly since no real risk involve there. Traders use virtual money which every loss, make traders to loss nothing. Traders can make mistakes and bad trades as many as possible. And take the lesson to enabling them to improve in term of knowledge and skills.

 

[Decub]

Learning would have been a lot more difficult than the way it is now if there were no Demo. I believe a lot of those who are now traders may not have had reasons to join Forex or any reason to be called Forex traders. The Demo account is much more than a saviour to the newbie.

 

[UMOFX AIR]

When we read about forex it is not all we know practical trading demo trading tells us how to react market , how to analyse it. Our profits and loss are determined by using lot according to our capital . For beginners it is effective due to its free nature.

 

[tray]

Demo account have so many effect in our trade this is where I get started and build up my trading skills as well because in forex trading when you learn you have that knowledge and at the same time what you get is the result of your good work

 

[Bonyi]

Demo account is very important for beginners. It helps newbies master the act of trading before they can stat a real account.

 

[kasual]

Price movement on demo account use real market reference. The difference is demo use virtual money. So, though trade in demo account, basically traders deal with real market environment with same level of complexities. When traders serious, I think practice on demo account able to give maximum benefit still.

 

[TenkoFX]

Demo accounts has already prove itself that it is an effective tool to start learning. It enables the trader to trade as if he is already trading in a real trading account. It helps a newbie trader understand how a trade is done, how it is closed, how the market flows and other stuff related to forex. In fact demo are not only used by new traders but there are also expert traders who try to use their strategy on demo accounts to see whether the strategy is good or bad.

 

[sindarin]

Demo accounts has already prove itself that it is an effective tool to start learning. It enables the trader to trade as if he is already trading in a real trading account. It helps a newbie trader understand how a trade is done, how it is closed, how the market flows and other stuff related to forex. In fact demo are not only used by new traders but there are also expert traders who try to use their strategy on demo accounts to see whether the strategy is good or bad.

In the end many people already prove it, i also wondering for the traders that doubt about how effective this demo account for newbie, without any virtual money newbie can learn to apply one strategy so they are getting used and understand with it, and even if they make a wrong decision during progress they won't be so much burdened because they only use virtual currency.

 

[Decub]

Those that doubt it have their own fears and it centers around the fact with the Demo account, some would feel less serious and treat it as though it is not worth anything. Trading in the Demo account doesn't mean anything to certain traders and they rarely take it serious trading in this type of account.

 

[anosocialnet]

Learning would have been a lot more difficult than the way it is now if there were no Demo. I believe a lot of those who are now traders may not have had reasons to join Forex or any reason to be called Forex traders. The Demo account is much more than a saviour to the newbie.

Demo is surely a Savior, because I don't believe that any Trader can keep wasting his Money just because of learning Forex Trading in the Real Account, besides when he losses consistently, he must through-way face the other side and never to trade again on less he has more Money to waist while he keep learning Forex Real Account...which is hard to find such Trader, so Demo is a Savior.

 

[anosocialnet]

Demo Account Contest has proven to be another great way to help Newbies and Trades that just want to compete, to know their level of understanding in the Forex Business. And competition to win a Prize or Real Money gives each and every competitor to sit up and to taking the Demo Account as a Real Account, so Contest is very important.

 

[ali222]

Demo account is the basic key of learning forex. Every newcomer should start with demo account and should practice Forex in demo for at least six months. every newcomer can get lot of knowldge and skills trading with Demo.

 

[rexway]

Demo account is the basic key of learning forex. Every newcomer should start with demo account and should practice Forex in demo for at least six months. every newcomer can get lot of knowldge and skills trading with Demo.

that is very true a good forex trader must first of all start forex from his demo account as this is the right account which any trader need to use for learning purpose if you can learn then earning is impossible.Demo account also give you the chance for you to develop and test difference strategy when faced here so there is no need for any forex trader to abandon his demo account as it is the right source of learning

 

[anosocialnet]

Demo account is the basic key of learning forex. Every newcomer should start with demo account and should practice Forex in demo for at least six months. every newcomer can get lot of knowldge and skills trading with Demo.

Do I hear you said some thing like about 6 months? I think that should be the correct timing Newbie Traders has to trade on the Demo Account, for their basic knowledge about the Forex Market to be more organized and stable. But I don't know why nowadays many Traders can not trade Demo on their Learning stage up to that time, maybe just because of quick Money.