Demo trading is important ?

[Kevin Vogt]

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

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.

 

[Gito Dinev]

For new traders, demo account is the perfect place to practice.

 

[Kazumu Fukunaga]

Fundamental analysis is really important for all kinds of traders above all the traders who are above all news traders.

It's good if we can combine both fundamental analysis and technical analysis. I think only technical analysis can also be used for trading and many traders are making money including me. I just stay away from economic news release.

 

[Kevin Vogt]

The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.

 

[Alexander Hudson]

Mental strength comes from knowledge and skills. Without these it's not possible to attain mental strength. Most people fail in trading because they are not willing to learn the necessary skills. They want it without having proper knowledge and skills.

 

[Andrew McCalam]

Loss is an inviable part of trading that cannot avoid after passing a long time , but when we making loss , we lost control and trade over and over as a result we become loser ultimately and blame this market place.