Importance of demo trading

[lioneld]

I think demo accounts are overestimated a bit. Cause a lot of people are afriad to switch to real trading after demo accounts.

I think in this case, cent type micro account would be a great solution; but I see a number of new traders opened their live account too early; yes opposite experience from you.

 

[Nezami]

I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.

 

[lioneld]

I would recommend demo trading for all newbie but as an old trader I get bored of the demo sometimes and I’ve not look back since cause I can use mini account to trade and practice but i no longer need to practice since I have gained a lot of experience in the real market since then so I do not use demo cause its kind of boning but newbie should never pass up that chance because it will help them out significantly to gain more experiences and knowledge and to make mistakes as well. We all need to pass up all of those mistakes with fake virtual money rather than real money for sure.

I am making money in my live but till now I use demo to update my trading system. In this case, you can use back-testing service.

 

[William]

Demo account is the best opportunity for the beginners where they can learn a lot. They also have an opportunity to take knowledge and experience from it without losing the money. It is same as a live account. You can do trade here without losing money. I recommend you to do demo trading before entering to the real market.

 

[The trader]

When I joined this market place I took it as a casino and tried to make money very quickly . as a result fallen a great loss due to lack of exact trading knowledge , it would be great if we take this market place as professional things. Otherwise we will be loser.

 

[Smash Fun]

Comprehensive knowledge is the key to success for any trading business. Trading is trading. All financial markets are manipulated due to the large amount of money involved.

 

[Vabue]

Demo trading plays a key role in the trading for the beginners particularly. If you really want to get a good start on the Forex market as a trader then you have to utilize the demo account properly. It is the best practicing pitch for a trader for gaining some confidence. Thanks!

 

[lioneld]

Demo trading plays a key role in the trading for the beginners particularly. If you really want to get a good start on the Forex market as a trader then you have to utilize the demo account properly. It is the best practicing pitch for a trader for gaining some confidence. Thanks!

Absolutely I agree with you! By the way, may I know; how many months did you practice your demo before your live?

 

[LorrainMor]

Adequate understanding of forex can be the best support for any trader. We can’t deny the fact that, while thinking of learning tools, demo trading account comes first in the mind. With the help of demo trading account, any trader can get acquaintance with the fundamentals of forex by practicing artificial money as any real account. Thereby the significance of demo account in preparing a trader can help him to attain success.

 

[Nezami]

there is any different between demo and live performance on a broker ? most of the time traders dont get comfortable environment in live that was available in demo.

 

[The trader]

As per me demo account is like trainer or teacher we help in understanding hoe trading is done , helps to learn building strategy , practicing lot and all this without having loss of single penny.

 

[Fx Master]

trading in demo is useful , but there is no real money , for that reason we don't trade here seriously. but in demo trading on various currency is really supportive to increase trading knowledge.

 

[Astirewien]

Demo account is very important, especially since it gives a new trader an opportunity to familiarize with the forex market. You also get to understand how your broker operates before deciding to go live. If you feel dissatisfied with demo, you can look for another broker with absolutely no strings attached

 

[Chionao]

Demo trading is very improtant for the success of any trading business. Every new trader should check with his broker to find out if they offer a demo account for the purposes of gaining familiarity with forex. If you want to feel the risk without risking much, you can opt for a cent account instead

 

[Gravelwood]

I think any new trader who goes directly into live trading without having a demo experience is really committing suicide. How do you get into something that involves money before being sure that you've got the best broker? Demo is the place to test your strategy and see if it works

 

[lioneld]

I think any new trader who goes directly into live trading without having a demo experience is really committing suicide. How do you get into something that involves money before being sure that you've got the best broker? Demo is the place to test your strategy and see if it works

A must like! Well said; but as we see new traders are too hurry on money making; they are expecting quick success; that’s the problem actually.

 

[Oscar Shumack]

Demo trading is very important for every new trader. It helps them to learn many new things about trading.

 

[Alexander Hudson]

A demo account is the best way to learn forex properly and perfectly. It has no risks. You can learn all the tolls and techniques from a demo account.

 

[Andrew McCalam]

there is anyone who got good profit in that time , i really confused right now to predict the real faction of this market with certainly.

 

[Faal]

demo is the best place to become a knowledgeable trader very rapidly. but we ignore it generally