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Thread: demo account

  1. #1
    Abu Salam is offline Banned
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    Default demo account

    Please donít use this at live account. You can practice your strategy in demo account first to see the performance how it works. It can be supportive for avoiding loss when trading practically in live.

  2. #2
    FTS
    FTS is offline Junior Member
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    For sure, it is extremely important to start with trading using demo account to avoid huge losses at the very beginning of your trading path. Demo trading will allow you to obtain necessary trading skills and habits without exposure to any financial risks. For example, you can use your demo account to enter the orders fast and accurate to avoid trading mistakes related to mistypes that occur quite often due to the lack of skills and experience. Another important thing is that demo account could be used to test strategies. At the same time, the results of such testing will be influenced by the trader`s psychology so it is better to use special backtesting software like Forex Tester to check your new ideas and get reliable information on the profitability of your strategy. To my mind, backtesting should be the next step after demo trading.
    Only after being profitable on demo for the relatively long period of time the trader could start trading on real account with the small sums of money or to use cent accounts that are like something between demo and real account.

  3. #3
    Angel candy is offline Senior Member
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    This is a very important point that every newbie must understand first use demo account for good amount of month so that he can have clear idea of trading and how risky it can be.

  4. #4
    Abu Salam is offline Banned
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    instead of demo generally cent account is more appropriate for beginners level besides pre school level. but not for mature beginner.

  5. #5
    Fin Candy is offline Banned
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    according to me, in spite of having most powerful learning trading can be valueless if there is no regular practice. so besides school newcomers should practice in demo.

  6. #6
    Anayahuginn is offline Junior Member
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    Demo trading is actually the best and safest way for a trader to familiarize with the forex market and how trading occurs. It helps you know the corners of the forex market without really feeling any risk. It is also safer to test your strategies on demo before going live

  7. #7
    broforex is offline Banned
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    Demo account is important to you to practice before you go to real account, I recommend you to practice with FreshForex's demo account because it's movement is 100% same with real account, so you can learn or test your strategy with high accuracy.

  8. #8
    Fin Candy is offline Banned
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    demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , you suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.

  9. #9
    Angel candy is offline Senior Member
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    Keeping in mind the serious nature of trading, get yourself a good trading platform. Select a strategy you’re comfortable with and ensure your back is covered, don’t leave room for losses.

  10. #10
    Fin Candy is offline Banned
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    from all inevitable parts of trading , consistence practice and learning is most important. there is no ending* of Forex market and no ending of learning.*

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