Is demo a step before real trading? | Page 23 | Metals Mine

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Is demo a step before real trading?

  • #441
  • Sep 18, 2019 11:28am Sep 18, 2019 11:28am
Quoting AdamCrist
after a long time i have joined this forum and seeing still there is a controversy between demo and live , sounds positive. by the way hello everyone.
its a topic which always will continue as a debate, technically no different between two , but psychologically we found the main difference.
  • #442
  • Sep 19, 2019 10:23am Sep 19, 2019 10:23am
Quoting MarkFxAnde
{quote} its a topic which always will continue as a debate, technically no different between two , but psychologically we found the main difference.
The differences aren't just psychological, more often than not. A lot of brokers have better server connection on demo than live.
  • #443
  • Sep 21, 2019 6:49pm Sep 21, 2019 6:49pm
Some broker platforms have certain features disabled in demo account mode that are imperative to utilize in specific trading strategies.
  • #444
  • Sep 23, 2019 7:42am Sep 23, 2019 7:42am
If you do not give demo a try, then how will you be able to understand or try trading? In short, I am trying to say that a demo account is very important for anyone to get familiarize with the functions of trading platform.
  • #445
  • Sep 23, 2019 9:19am Sep 23, 2019 9:19am
Quoting aleks22
If you do not give demo a try, then how will you be able to understand or try trading? In short, I am trying to say that a demo account is very important for anyone to get familiarize with the functions of trading platform.
Basically; few traders try to start their trading with cent type trading account instead of demo; since they want to learn with emotions involvement!
  • #446
  • Sep 23, 2019 7:07pm Sep 23, 2019 7:07pm
I've used my EA on Demo and Real account. The performance is similar but it is different enough to realize that it is different. This can be swap value which can affect which trades the EA takes and does not take.
  • #447
  • Sep 24, 2019 12:23am Sep 24, 2019 12:23am
Quoting ZikriIrfan
{quote} Basically; few traders try to start their trading with cent type trading account instead of demo; since they want to learn with emotions involvement!
True, I agree with you but for the sake of the total newbies, they are better off learning how to trade in demo account.
  • #448
  • Sep 24, 2019 10:06am Sep 24, 2019 10:06am
Quoting aleks22
{quote} True, I agree with you but for the sake of the total newbies, they are better off learning how to trade in demo account.
I agree. If you don't even know the software yet you shouldn't be using real money to trade.
  • #449
  • Sep 25, 2019 5:55am Sep 25, 2019 5:55am
Quoting aleks22
{quote} True, I agree with you but for the sake of the total newbies, they are better off learning how to trade in demo account.
Thanks buddy; even I started with demo (with a very small virtual capital); it helped me a lot to learn Forex!
  • #450
  • Oct 9, 2019 7:17am Oct 9, 2019 7:17am
Demo helps with ironing out your system. Real money trading deals with your emotions.
That's why After trading on demo, you should do real trading with a small account size.
  • #451
  • Oct 9, 2019 11:51am Oct 9, 2019 11:51am
Quoting brandon12127
Demo helps with ironing out your system. Real money trading deals with your emotions. That's why After trading on demo, you should do real trading with a small account size.
I agree. Trade on a small account for a while to gain confidence, then gradually invest more.
  • #452
  • Oct 10, 2019 5:51am Oct 10, 2019 5:51am
Quoting mlawson71
{quote} I agree. Trade on a small account for a while to gain confidence, then gradually invest more.
I did same
  • #453
  • Oct 10, 2019 12:22pm Oct 10, 2019 12:22pm
Quoting Natalie45
{quote} I did same
Has it been going well?
  • #454
  • Oct 11, 2019 12:18am Oct 11, 2019 12:18am
recently i have marked so many adviser always suggest newcomers to trade in a micro account for practicing , i dont know is it correct or not ? any idea guys ?
  • #455
  • Oct 11, 2019 5:04am Oct 11, 2019 5:04am
Quoting MarkFxAnde
recently i have marked so many adviser always suggest newcomers to trade in a micro account for practicing , i dont know is it correct or not ? any idea guys ?
Off course its better to loss some small amount rather than huge sum.
  • #456
  • Oct 11, 2019 11:33am Oct 11, 2019 11:33am
Quoting Robertalex
{quote} Off course its better to loss some small amount rather than huge sum.
It depends. If one is losing small sums regularly the end result is a large loss anyway.
  • #457
  • Oct 12, 2019 3:51am Oct 12, 2019 3:51am
its a very good reply. consistently losing in a micro account once a time can make huge amount.
  • #458
  • Oct 12, 2019 12:01pm Oct 12, 2019 12:01pm
Quoting MarkFxAnde
its a very good reply. consistently losing in a micro account once a time can make huge amount.
You can have a large account and still lose small sums at a time and end up losing the whole thing.
  • #459
  • Oct 23, 2019 9:50pm Oct 23, 2019 9:50pm
You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.
  • #460
  • Oct 24, 2019 12:15pm Oct 24, 2019 12:15pm
Quoting Butterscotch
You have to understand what all the features mean, how they work. You should know how the price moves and why does it do it.
I agree. This is why demo is so important. It's pointless to learn these things on a live account.
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