Trading without demo practicing

[hasan87]

Demo trading is very useful for the newbies. Here the newbies can learn many things. This the first step of trading in Forex market. But there are many people who want to trade without practicing in their demo account. But ultimately they find Forex so much difficult as they think. In this case demo trading is very useful because the can learn something important for trading in Forex. What do you think about this?

 

[Daisy]

I don't know who can do such a thing. there is no way a newbie can trade if he doesn't even know how to place a trade, or how to set all the numbers right so I think they must have psychic power in order to win some profit. I think there are some who rush and they think practicing a day is enough but they definitely need a minimum of one week so if htey skip it then they're foolish and will be in big trouble. I mean I think practicing months will help so just keep practicing and don't rush.

 

[Decub]

I don't know who can do such a thing. there is no way a newbie can trade if he doesn't even know how to place a trade, or how to set all the numbers right so I think they must have psychic power in order to win some profit. I think there are some who rush and they think practicing a day is enough but they definitely need a minimum of one week so if htey skip it then they're foolish and will be in big trouble. I mean I think practicing months will help so just keep practicing and don't rush.

Well, I know of one, two, maybe three online friends who did. Not that they are some kind of supernatural being but they had things working out for them because they had those who could teach them right in from of a computer monitor but that to me is not the best approach to learning.

 

[Daisy]

I called them gamblers. That's how people get in trouble you know and also at the casino. They put down all money on a black or red game cause they know for sure its red without learning anything about the game an then lost their five hundred bucks, pull out another five hundreds and lost and then another five hundreds and then they're on the strip begging for change cause they lost it all. I mean you see beggar on the strip that fly in to gamble and then wrote on their cardboard, flew in to gamble, lost it all, some change please. Yep, I think we need to learn and not learning is just being lazy and foolish.

 

[gkintl]

Trading without demo practicing is like trying to swim across an ocean without learning to swim. A trader who makes such an attempt would invariably suffer substantial loss. Without demo trading, a trader will not have sufficient understanding about the use of forex trading platform. Also, he would certainly not have a formidable trading strategy which includes risk and money management. A trader ill equipped to face market volatility will certainly lose. Thus, it is a must for a trader to practice in a demo account before shifting to a real one.

 

[Pettyeve]

A good explanation I call that. Trading without a demo may be seen as a deadly attempt to see if forex can really empty our purses. I am sure that those that did it and are still doing it ain't finding it easy but maybe, they are natural risk takers.

 

[Decub]

Well, maybe right, maybe wrong but there are those that really didn't pass through this stage of Demo learning or practicing and are currently not doing it too. Though it's really hard to believe that they do not but sometimes, their reason of switching to the cent account is understandable. I feel Demo is more than a necessity.

 

[hasan87]

It seems there are some people who trade without practicing in demo. But I think they won't do better than a trader who practice in Demo account. We all know that a trader can get the very primary and basic idea about Forex trading from practicing in the demo. If any one don't want to do that the he just make riskier his business in Forex.

 

[Decub]

There are those who trade or learn trade without practicing in the Demo but I don't think it makes them bad traders. I don't think Demo has been around since the 90s or since Forex became overly popular. The Demo helps a trader learner better economically though but there are still those who skip it for something riskier which is learning in the real account.

 

[Master Forex IB]

Haver this experience with real money which you are having with no investment Then you will realize that here is needed much tome and money for practice. In this manner demo forex account are best for trading practice, They are free of cost you can make as much practice with this money.

 

[winuga]

There are those who trade or learn trade without practicing in the Demo but I don't think it makes them bad traders. I don't think Demo has been around since the 90s or since Forex became overly popular. The Demo helps a trader learner better economically though but there are still those who skip it for something riskier which is learning in the real account.

demo trading seem boring and i believe many traders skip demo trading because they feel nothing to get as profit from their trades on demo account, but nowadays there are many brokers offering demo championship with good prize that may will boost traders passion to trade with demo account and gain real benefit by getting real money from winning the competition

 

[Decub]

I don't see it as boring though there are those who do. To them, it's a sheer waste of time to sit down there trading on what has no impact on your capital and that which you never even had a single investment in it. It's not just about earning as seen in the real account but developing that skill that will help you earn from the real account.

 

[willy]

yes of course demo account is very important for the newbie because without it the newbie can not learn how to trade and can not open any position therefore i advice every newbie to get training with demo account at least 6 months before trading with real account to avoid big loss

 

[Pettyeve]

Trading without demo practicing is bad. It will make you to be losing continously because a newbie trader does not know how to trade. When he or she is trading in the live account, he or she will be losing all of the time and this thing will reduce his r her interest in trading in forex. So it is better to learn from the demo.

 

[winuga]

i do not think that trading without practicing with demo account will make traders to be losing continously... there are many ways to learn and gain knowledge or experience even without practicing in demo account, some may find comfortable learning straight from live account using cent account which risking only small money

 

[Decub]

Sure, to me, there could be traders that trade or learn without even using the Demo. Though it had become absolutely necessary in the present day Forex trading where the trader just have to use it in the early stage of learning. Sometimes, I really wonder how it was back then when the Demo wasn't in Vogue.

 

[winuga]

as long as i know what i felt in trading using demo account is about introduction things, introduction about how to use and get familiar with the trading platform we use... honestly i do not get any point about how trading in demo account can bring me skills and profitable trading in live account after practicing with demo things... can anyone told me the effective ways how to use demo account so it can bring me skills or assurance of profitable trading?

 

[riki143]

You can try free $5 no deposit bonus from FBS. You can use an EA, scalping without restriction.

 

[santri]

Scalping??. I'm trade in NDD account of liteforex broker. With low spread 0,2pips you can enter the market, and more interesting is its FAST EXECUTION...
I like this ECN account type..

 

[Svetlana Loboda]

My opinion is: if you are not interested on demo; then go for cent account first! Build your own trading skill; then go for the live trading with your full force.