Demo trading is dull?

[lioneld]

Demo acount is the fake forex account that is almost similar to the real forex account, but demo account let you put a fake money in the system its not the dull rather it will help the newbies to learn the format and encourages them to invest in a real markets, demo trading is actually the training platform for the young investors.

Of course; the amount is not real; but till now demo is the best! Basically, traders need to use the demo as much serious as possible. Otherwise, the result will be meaningless.

 

[The trader]

The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

 

[LorrainMor]

Before start working with any forex broker and makes investment of his hard earned money, at least every foreign currency exchange needs to bestow effort which will help him to acquire basic trading knowledge here. Without sufficient trading understanding no trader can think of winning here. it is the education which can facilitate safe trading further and to ensure a complete education practice session with demo trading account is a must here.

 

[Fx Master]

Demo works really if anyone using this trading place after finishing preschool level. but beginners lost interest after passing sometime. That’s why it is more important to take micro account instead of demo.

 

[The trader]

before some years ago , demo was the first choice for newcomer, but time has changed right now , beginners kick off live trading instead of demo , but result not actually.

 

[MarvelPole]

You can never under-estimate the importance of demo trading. Demo trading provides you a practicing field where you can implement your knowledge and get a good strategy out of it. So, never think that demo trading is dull or it is not viable. Thank you so much!

 

[Vernessh]

I strongly agree with statement above that today new traders are just running on live account before prior preparation. This is very wrong move, by my opinion, as Forex is very specific market and every new trader needs time to figure out and learn how properly to trade

 

[lioneld]

I strongly agree with statement above that today new traders are just running on live account before prior preparation. This is very wrong move, by my opinion, as Forex is very specific market and every new trader needs time to figure out and learn how properly to trade

And, this is why the percentage is so high! Here more than 96% new traders crash their 1st live trading account within very short period of time!

 

[Oscar Shumack]

A demo account is the best option to learn forex perfectly and properly.

 

[Mark Dahl]

The demo account is the best place to practice and learn trading without the risk of losing any money.

 

[Cooper Truebridge]

Every trader should do demo trading first. It is usually possible to develop skills by doing demo trading. Demo trading is required to use the investment properly.

 

[Eduardo Lucchese]

Systems do not lose money. It's the use of a system that lose money. Every system works in a specific situation. That's why patience is important. We have not wait until our system shows the trade. Follow the system. Don't make the system follow you.

 

[Kevin Vogt]

Every trader should do demo trading first. It is usually possible to develop skills by doing demo trading. Demo trading is required to use the investment properly.

Demo is appropriate for new traders. And at the same time demo account needs to use for learning purpose not to do random trades. They should use to find out how any strategy works.

 

[Fx Master]

profit in Forex is a regular task but need a long term experience with more information , and besides this of course we have to make sure good money management.

 

[digitalmoney]

Demo trading is not dull at all. In fact, it helps generate more interest in forex trading. It helps beginners learn how to trade on a trading platform. Backtesting of strategies is also done on a demo account.

 

[lioneld]

success is a big deal in this market place because most of the traders who are particularly beginners always become a loser . so be careful guys when trading into this . good luck

 

[Cooper Truebridge]

Demo is appropriate for new traders. And at the same time demo account needs to use for learning purpose not to do random trades. They should use to find out how any strategy works.

You are right. Demo trading is very important to develop a strategy. I have been able to create a profitable strategy after doing demo trading for a long time.

 

[kasual]

right at the beginning, you are risking ur own money to deal with what ur want for, double money. u spend effort to learn and tried to mastering trade method according to specific strategy.
demo less emotion since u will trade by virtual capital, and that's the key point. by become less emotion, yo'll tried to secure your capital as well at live account.

 

[Kevin Vogt]

success is a big deal in this market place because most of the traders who are particularly beginners always become a loser . so be careful guys when trading into this . good luck

Successful trading is the combination of so many things. First you need a professional mindset. Secondly you need a good strategy. You also need discipline, control over your mind, and a good plan.

 

[Kevin Vogt]

Develop a system/strategy on demo. Don't just trade on demo. Develop a good habit on demo. Open only most promising trades. Don't open trade if you don't find any set up. Along with demo trading, read different trading related books.