Starting on demo is very much necessary, but it depends on the person how long they stay on it.
How long did you trade demo before opening a real account 32 replies
Alpari demo account, is it in real real time? 26 replies
difference in real prices on Demo and real micro account 10 replies
Any MIG users? Different candle close times between MIG demo and MT4 demo? 9 replies
IBFX changed their demo policy, where can I get an unlimited demo? 9 replies
Disliked{quote} Yes, it is but as I see, having a long term plan is very much essential; practicing the demo account with a short-term view is useless.Ignored
DislikedStarting on demo is very much necessary, but it depends on the person how long they stay on it.Ignored
DislikedFrom my experience as newbie, when I was using demo account, I can make decisions faster, because there is no real money. I doubled the profit pretty fast, and feel confident about my strategies. But when I moved to live account, everything feels different..I became timid with my decision and afraid losing money. Demo account surely useful for get used to the trading platform or testing strategies as above mentioned but that’s all.Ignored
DislikedFrom my experience as newbie, when I was using demo account, I can make decisions faster, because there is no real money. I doubled the profit pretty fast, and feel confident about my strategies. But when I moved to live account, everything feels different..I became timid with my decision and afraid losing money. Demo account surely useful for get used to the trading platform or testing strategies as above mentioned but that’s all.Ignored
DislikedIt's not even all about psychology, there are tangible differences between demo and live accounts more often than not in terms of execution.Ignored
Disliked1) Yes, it is necessary to use demo to get to understand the platform. Get yourself familiar around the feature. Do not get too long on demo. 2) start real account once are familiar with the platform. I propose $1000. This first deposit amount is very important. Take note. This amount is the first pain that Can touch or hurt your psychology mentally. Why? One will probably lose all or margin call. If you are interested in forex, you make second deposit and will probably crush again. Now, here come the important part. You either give up... Or you...Ignored
Disliked{quote} the different between demo and live is common , sometimes it depends on broker ? do you agree ?Ignored
DislikedI think demo is just to get used to the paltform. Otherwise you should try your best to trade on live accounts, even small ones, to build up your confidence.Ignored